CNN quoted a JPMorgan report warning that any disruption to Russia’s oil supply against the backdrop of low spare capacity could easily push oil prices to $120 a barrel.
Weng Lvzhong, an associate professor at Texas State University, said in an interview with Taiwan’s TVBS on the 11th, “Although it has not yet happened, the potential impact of the war has shocked consumers around the world. Not only oil, coal, natural gas and other related energy sources, but even diesel The price of energy fluctuates, and when energy prices fluctuate, prices fluctuate.”
He said, “When inflation triggers a rebound in public opinion, democracies and non-democracies have different levels of pressure on the rulers, which is also the main reason why Western democracies have been unable to unite against Russia, because Russia is directly related to energy prices… The challenge now is whose mental state or political system is better able to withstand stress or panic before the war begins.”
Weng Lvzhong’s analysis pointed out that the last few days of this week will be very critical, and European countries at the forefront of the war may make different major decisions in the last critical period.