DiabloWags said:
Here's my short-term remedy when it comes to energy sanctions.
China is a big importer of our Nat-Gas.
Cut that off and send it to our NATO allies in Europe, since they get 40% of their nat-gas from the Russians.
At the same time, the U.S. cuts off Russian imports of oil, which I believe amounts to 200,000 to 300,000 barrels per day. Offer some incentives to our fracking industry in the Permian Basin who have been underproducing because they've decided to change their business model from well head growth to conserving cash and returning capital to investors.
The Saudi's dont care about us and are aligned with the Russians given their 2016 OPEC Agreement, so F-them. Stop selllng them military arms and equipment. Let them know that we arent happy with them not helping us out. They have 2 million barrels per day of production capacity and they dont give a rat's ass.
The Dagger in the Heart will be banning the Russians from the SWIFT banking platform.
This is what they use to sell their commodities and oil.
We dont need to play this card yet, and in the meantime need to get our allies (like Germany and France) on board with this before we do. But it's a HUGE playing card to have in our back pocket and will create a ton of PAIN for not only the Russians, but for American's at the pump as well.
True that the Saudis don't care much about us, but they do care about their investments in U.S. markets & other assets. Like Russia & China, they've got lots of USD looking for a safe haven. But if the U.S. cuts them off, they might look to cash in their chips.
The global game of chicken isn't just military, it's financial. And the U.S. is starting to see that cracks are forming in its petrodollar hegemony.
Cutting off Russian/EU nat-gas imports would be a non-starter, I think. It's the end of February; how long do you think it'll take the first LNG ship to get from the U.S. Gulf Coast to Germany's LNG port? I don't think you can get the required amount there fast enough. You can't just send it FedEx.