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Category: Russia

US Energy Boom Better Than Sanctions Against Russia

August 28, 2014 Posted by Chris Wysong

In this opinion piece, Chris Faulkner of Breitling Energy Corp. outlines how increased energy exports by the U.S. are the key to helping reduce Russias leverage on Europe and Ukraine. US Energy Boom Better Than Sanctions Against Russia By: Chris Faulkner U.S. oil production is surging, and its helping to cripple the Russian economy. Its a win-win situation With 40 percent of the Russian economy hinging on oil and gas sales, Americas oil and gas boom is doing more to bring President Vladimir Putin to his knees than any of the sanctions being imposed by the U.S. and Europe. Competition in the form of increased U.S. energy exports is the last thing Putin wants to see, so thats exactly what we should do. Russia is currently the third-largest oil producer and the top exporter of natural gas, and you better believe that Putin uses these advantages to push his agenda regionally and globally. Russia needs oil prices to stay above $110 per barrel to keep its budget balanced, but on August

Posted in US, Russia, Exports, Policy
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