Saudi Arabia, Russia, and the rest of OPEC plus are plotting to send the US economy into economic collapse, in what could be the biggest oil crisis and energy crisis we have seen in decades.
The US has been draining their strategic petroleum reserves at a fast rate, but they cannot do this forever. Soon they will need to buy a lot more oil, not only for daily use but also to replenish their SPR oil reserves. All of which could lead to higher oil prices, more government debt, more government bonds being issued, and a depreciating currency.
NOPEC and price cap strategies could come in to save the US and many European countries that import a lot of oil, however this may not be enough to avoid severe economic consequences, and a large scale recession.
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In this video I discuss how the oil partnership between Saudi Arabia and Russia could lead to economic collapse for the USA
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#opec #recession #geopolitics
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