Quote:
Originally Posted by John Mercier
He was going to take Ukraine for security and economic measures as soon as he didn't have support in the US presidency.
Under President Trump, he knew that Ukraine would never be invited to be a NATO member, and that military aid would be at a premium.
He also knew that sanctions against Maduro for being a ''socialist dictator'' (LOL) would ensure that Russian crude derivatives would flow to the US.
The bigger long term fear for these countries is demand destruction. It is so large that Saudi Arabia is skipping LNG advancements and moving quickly to hydrogen.
A lot of energy investment analyst expect the Kingdom to rely heavily on solar creating hydrogen that can be liquified and easily transported with more investment and development.
Shell Oil is pushing the Blue Hydrogen technology, and expected it to be dominate until 2045... but with SA investment that shift to Green Hydrogen could come much sooner.
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I agree that green energy is the ultimate way to deal with Putin. I do think these sanctions are going to bite pretty hard--if there's no SWIFT, and the central bank cannot access foreign reserves, it will be like a boa constrictor. Russian financial markets open in just a few hours--we'll see what they think soon...