I would say yes because the U.S. only gets 2% of its oil needs from Russia. You would have to think as this situation moves along that margin could be absorbed by U.S. allies such as Saudi Arabia and maybe even perhaps Iran or another member of OPEC.
Should NATO sanction all other Russian oil sold through-out the world is the logical follow-up question?
On this I would say no because this would drive up the worldwide price of oil and have significant inflationary effects on all of the nations aligned against Russia…including the U.S.
From a practical standpoint, China, the leading importer of Russian oil, would probably absorb that oil at a significantly lower market price after they haggle the Russians down in per barrel price.
With this in mind, both Joe Manchin and Lisa Murkowski have a bi-partisan bill in place to follow the Part A. strategy I listed above in this piece.
Everything should be calibrated with the thought of weakening Russia and mitigating inflation elsewhere to keep NATO’s resolve as strong as possible to eventually topple Putin in Russia.
Perhaps, as the noose tightens in Russia…his own people will take him out for us.
Lest, we not forget, the Germans almost took out Hitler in World War II. only the explosive didn’t detonate correctly.
We’ll cover that anecdote in history next while Thunder Mommy is changing diapers and handing out afternoon marsh-mellow treats at the Daily Thunder Day Care facility. Go…Thunder Mommy…Go!
Pray for Ukraine. Pray for their resolve and freedom.