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The War in Ukraine Disrupts Trade in Both Food and Fuel

Cars That Think

Since the start of the war, soaring energy prices have lifted this import bill to about $23 billion a month, making the EU a significant de facto financier of the Russian invasion: three-quarters of a billion a day! Belatedly, in May, the EU produced its REPowerEU plan , which is intended to drastically reduce this dependence.

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Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

In the last quarter of 2014, in the face of possible oversupply, Saudi Arabia abandoned its traditional role as the global oil market’s swing producer and therefore it role as unofficial guarantor of existing ($100+ per barrel) prices. The Saudis obviously miscalculated the degree to which their shift would negatively impact oil prices.