Oil to soar and speed up inflation if Russia Invades
If Russia attacks Ukraine then oil price will soar and speed up inflation.
We already are on historical levels for oil, and if there is an invasion, we could see 130, 140 or even 150$ price for oil.
If that happens, inflation will literally explode. The actual 7.5% will be nothing. We might end up with 10, 15% like back in 1970 in Europe and USA.
We already are on historical levels for oil, and if there is an invasion, we could see 130, 140 or even 150$ price for oil.
If that happens, inflation will literally explode. The actual 7.5% will be nothing. We might end up with 10, 15% like back in 1970 in Europe and USA.
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