If it curtails the environmental destruction caused by fracking, then we should be willing to tolerate a lot of downside.
Too bad about the unemployment.
US Lawmakers to Gazprom: Keep Sending Gas to Ukraine or Face Sanctions — Ukraine owes Gazprom billions of dollars
The US Senate has declared that it will impose more sanctions, if Russia stops delivering natural gas to Ukraine who are in arrears to the tune of 3 billion dollars. Why doesn't Congress just pay their bill for them?
1998 and 2014: Russian crisis in perspective
Quote:
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“If you compare this crisis to 1998, the Russian economy is like night and day. In those days we had an eight percent deficit, the economy wasn’t growing, and the country had no reserves. Today, it is running a triple trade surplus and a budget surplus of two percent, and it has more than two years of currency reserves,” Ben Aris, Editor and Publisher of Business New Europe, told RT.
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Russia is spending their US dollars for gold. See where this is going?