On Friday, President Joe Biden announced a new wave of sanctions intended to “hold Russia accountable” in response to President Vladimir Putin’s military invasion of Ukraine.
The price of oil skyrocketed on Sunday as Democrat President Joe Biden’s administration is considering an embargo on Russian oil after Russia invaded Ukraine late last month.
Tesla CEO Elon Musk issued a tweet on Friday declaring that oil and gas output should be ramped up, even though he acknowledged that such a move would have a negative impact on Tesla, which sells electric vehicles.
Within the next couple of months it is likely that there will be direct US military involvement in Ukraine, with Russia now openly supporting and recognizing separatist groups in the Donbass region on the eastern edge of the country and apparently moving to aid them militarily in separation.