Ukraine Snowball Effect
The war in Ukraine has become a global mission to end Vladimir Putin’s ambitions at all costs. The unfortunate truth is that we the people are serving as sacrificial lambs. To cripple Russia world leaders have placed sanctions on Russia which have had a snowball effect. The sanctions on Russian oil have left a large hole in an already stretched market. With the global pandemic caused by the outbreak of Covid-19 people weren’t driving and because of less demand, the price of crude oil plummeted to under $40 per barrel, and with the world returning to pre covid life in the post covid era the supply simply can’t keep up. That being the case, the price of crude oil has skyrocketed as high as $130 per barrel with prices currently averaging $118, unprecedented numbers. A single barrel generates approximately 19 gallons of gasoline. That puts the global average price of gasoline at over $6 per gallon for vendors. With Russia being the third-largest producer of oil on the planet ac...