Russia is about to play its most dangerous cards – and the west is not ready ~ July 16, 2022 – Rose Rambles…

A few weeks ago, the US bank JP Morgan offered an apocalyptic warning that barely made a ripple outside the financial press. It said that if Russia completely halted oil exports, the shock to the world economy could be so large it would instantly quadruple the price of oil to nearly $400 a barrel. Right now, it’s hovering at around $100 a barrel.

By abruptly shutting off supplies, Putin would deliver a colossal shock to our oil and gas-dependent economies. Stock markets would plunge and thousands of companies would go bankrupt from being unable to afford energy supplies. Millions of people would lose their jobs and the West would instantly lose the political will to send money to Ukraine. Putin would win.

We doubled down on fossil fuels because our political system is still full of oil and gas lobbyists. The Conservative Party alone has received over £1m in donations from oil companies, petrostates, airports and businesses.

Russia is about to play its most dangerous cards – and the west is not ready ~ July 16, 2022 – Rose Rambles…