Reaction of Energy Sanctions on oil markets!
Sensitive Energy Sector!
Oil Prices are going up !
Effect on Oil markets! Yeah baby!
Geo-Political Consequences
European Union Energy problem
The European Commission, the EU's executive, warned the U.S. Congress that its proposed punitive measures against Russia would have what it called "wide and indiscriminate" "unintended consequences". Brussels is especially concerned about the impact new US sanctions will have on the block's efforts to diversify energy sources.
Germany has already said it could retaliate if the United States moves to sanction firms involved with building a new Baltic pipeline for Russian gas.
European Union officials fear a German-U.S. row over the Nord Stream 2 pipeline, built by Russia's state-owned company Gazprom, could make it difficult to reach an EU consensus over the project.
100 $$$ Dollar a Barrel of Oil!
$$$More oil revenue for Russians $$$ !
$$$ Sanctions are implemented on
American Drivers $$$
Higher oil means higher gasoline prices, which means sanctions are now being felt by American drivers!
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