Thursday, May 8, 2014

How US can retaliate against Russia

"I think that what government in the United States needs to do is take the only weapon that it has, which is crude oil. And a sizable chunk of that crude oil is tied up in the Strategic Petroleum Reserve. If I were the president of the United States, knowing that the only weapon that I have—I can't do any further sanctioning, Germany and France won't agree with it, Belgium won't agree with it—I'd release crude oil from the SPR."

"That would do a lot of damage to Russia. That would do a lot of benefit to 
consumers everywhere, especially with an election coming up."

Article via CNBC