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IPFS News Link • Sanctions

'The Suicide Sanctions' Against Russia Will Collapse America And Joe Biden Was...

• https://allnewspipeline.com, By Susan Duclos

A quick hat tip to Steve Quayle for "The Suicide Sanction" portion of the headline, as I lifted it from a SQ note. 

A recent quote from Energy Secretary Jennifer Granholm highlights the sheer suicidal nature of the sanctions against Russia on the part of America, after the Russia/Ukraine war began.

"As you know, gasoline comes from oil," Granholm told "Fox News Sunday." "Oil is traded on a global market. So we are at the whim, if you will, of what happens globally."

Globally Russia is the world's third largest oil producer, and "plays an outsized role in global oil markets," which means anything related to Russian oil in the global market, affects the entire world's energy costs.

Natural gas prices has already spiked to a 14-year high, and in Europe that is approximately seven times higher, according to CNN

Analysts say Europe's natural gas crisis is contributing to the higher natural gas prices in America, although it's not the main driver.

The point here is that we have allowed ourselves to become so interconnected with the international community, that anything that effects them eventually ends up affecting Americans.

On August 8, 2022, it was reported that Goldman Sachs forecasted gas prices would once again rise back to an average of $4.35 a gallon.


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