Sanctioning Oil and Natural Gas Sanctions Society

Sanctioning oil and natural gas sanctions society in many ways. Here are just five.
1. It could likely lead to an increase in the cost of energy. When energy costs go up the cost of nearly everything goes up which can slow the economy.
2. Sanctions could lead to job losses and the O&G industry has some high-paying jobs.
3. Sanctions could lead to geopolitical tensions as countries that rely heavily on oil and gas exports may face economic difficulties.
4. Rogue regimes don’t comply with rules and typically don’t care about the environment.
5. Sanctions on oil and gas may also increase prices globally and rogue countries may use the extra revenue to support actions that are harmful to America and other Countries.

In summary, sanctioning oil and natural gas could significantly impact society by affecting the economy, employment, geopolitical relations, and the environment while at the same time funding rogue regimes.

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This video is meant for educational or entertainment purposes only. This video is not a solicitation. I am not a lawyer, CPA or financial advisor and I am not giving legal, financial or tax advice.