the attack on pearl harbour in dec 1941 (Photo credit: Wikipedia)
This article from Bloomberg Business is deeply worrying, as Russia signals that arming Ukraine will lead to war. Clearly, a further collapse in oil prices, plus sanctions will cripple Russia – so rather than be crippled, Russia could well be emboldened to fight her corner?
via Citi: Oil Could Plunge to $20, and This Might Be ‘the End of OPEC’ – Bloomberg Business.
The US should remember that they have a weak President in Obama, and that sanctions on Imperial Japan precipitated Pearl Harbour.