Sound On: U.S. Bans Russian Energy Imports
Balance of Power
00:00
Oil Prices Are Going Up, but Will We Replace It With Russia?
We can easily replace russian imports. That's small potatoes. We only get about three % of our crud from them, eigh eight percent of our product. That's no problem. The market is afraid that we're going to do more than that. Even though the teeny amount of oil will be banning really doesn't make much, much of a difference. So this is really about uncertain here. Yes, you get a recession. They're usually an oil price spike at the scene of a recession in history,. It'll probably be the sad way, which is through economic a down turn.
Play episode from 22:19
Transcript
