And then, of course, there's the fact that nobody is particularly interested in seeing their capital illuminated by the soft afterglow of a mushroom cloud...
True enough. But......
There's a continuum of coercive action that one state can take against another that runs from doing nothing to thermonuclear war.
Economic sanctions being the most likely.
A US embargo on Russian oil is a nice toothless measure (because the US imports only a small amount from Russia) that will have tremendous symbolic consequences.
It's when the big boys get into pissing matches that everybody else just gets pissed on.
Even a small, symbolic cut in Russian oil output could have a big impact on prices, because demand is so tight. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
- Jake If you only spend 20 minutes of the rest of your life on economics, go spend them here.
And in countries like China, Indonesia, and Iran maintaining subsidies for gas will be hard, and without them there's bound to be a lot of civil unrest. And I'll give my consent to any government that does not deny a man a living wage-Billy Bragg
