Opinion | The Enduring Tyranny of Oil: War, Inflation, Geopolitical Rivalry, and Soaring World Temperatures

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Opinion | The Enduring Tyranny of Oil: War, Inflation, Geopolitical Rivalry, and Soaring World Temperatures
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'Those who do the bidding of the fossil-fuel industry, including virtually every Republican in Congress, are determined to perpetuate that tyranny at whatever cost to the planet and its inhabitants.'

from $80 a barrel in early February to $128 a barrel in March—that Russia is making more money now than when its invasion began. Indeed, economists at the Helsinki-based Center for Research on Energy and Clean Air have determined that, during the first 100 days of the war, Russia

approximately $60 billion from its oil exports—more than enough to pay for its ongoing military operations in Ukraine.to ban all tanker-delivered Russian oil by the end of 2022 and cease its pipeline imports by the end of 2023 . This, in turn, would eliminate the monthly $23 billion that EU countries have been spending on those imports, but could, in the process, drive global prices higher yet, an obvious boon to Moscow.

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