Russian Oil

Global oil prices may skyrocket when the European Union, which receives about one third of its oil from Russia, enacts a partial ban on importing Russian oil at the end of the year to stop financing Russia's war in Ukraine.

July 28, 2022 - The New York Times

Part I occurred when President Biden banned the importation of all Russian fossil fuels on March 8. A month later, Congress passed legislation to codify the embargo. Getting the European Union onboard is proving cumbersome.

May 12, 2022 - Politico

Robinson Meyer, a climate reporter for The Atlantic, writes about the awkward place American environmentalists find themselves due in part to the war in Europe that has created an international energy crisis and historically high fuel prices at home.

May 6, 2022 - The Atlantic

When President Putin ordered Gazprom to turn off the valve on pipelines carrying Russian gas to Poland and Bulgaria, he effectively expanded the Russia-Ukraine war to the European Union, threatening their economic well-being and way of life.

May 3, 2022 - The New York Times

European leaders chose not to join the U.S. in an embargo of Russian energy products largely because of dependence on natural gas. Similarly, the world needs the 11% of crude oil that Russia exports. What can the U.S. do to lessen this dependence?

March 24, 2022 - Rhodium Group