Sorry, Mr. Putin: $75 Oil Is Coming

Putin, however, seems unable to stop the U.S. fracking revolution. The recent plunge in the price of oil, resulting from increased supply, has done more to undermine Russia’s aggressive stance in the world than all the economic sanctions combined. According to Amy Jaffe, executive director of energy and sustainability at the University of California, Davis, “No one knows better that this is bad news for Russia than the Saudis.”

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