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The Ukraine war: past, present, and future

Explain It to Me

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Is the Oil Calculus a Factor in Oil Prices?

Oil is the super complicated thing, that I'm not a kind of petrochemical expert. It was part of the impetus for why President Biden had this huge about face and went to Saudi Arabia. The big calculus was, we want to punish Russia, but how do we do this without totally punishing ourselves? And so that's the balancing act that's been happening since last year.

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