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CNBC/Sam Meredith/3-8-2022
“It is absolutely clear that a rejection of Russian oil would lead to catastrophic consequences for the global market. The surge in prices would be unpredictable. It would be $300 per barrel if not more.” – Russian Deputy Prime Minister Alexander Novak
USAGOLD note: Nothing, in our view, could be more stagflationary than $300 oil. Even $200 oil will be a major problem.
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