He

 

told you what he was going to do:

Russia to cut oil output in response to western nations’ price cap

'Russia will cut oil production from next month in response to a price cap imposed by western nations, the country’s top energy official has said, in the first sign Moscow is seeking to weaponise oil supplies after slashing natural gas exports to Europe last year."

(We weaponize our currency?

Russia weaponizes its natural resources.)

"The cut of 500,000 barrels a day, the equivalent of almost 5 per cent of Russia’s production, or 0.5 per cent of world supply, was a response to the “destructive energy policy of the countries of the collective west”, Alexander Novak said on Friday."

"Christyan Malek, global head of energy strategy at JPMorgan, said Moscow’s move would “be viewed in some quarters as Russia starting to weaponise oil”. But he added that a more practical reason could be to prevent the market from being “too oversupplied” as Russia reroutes exports from Europe to Asia."

(Yeah...and when they make further cuts?

What will be the logic then?

False prophets of Ball anybody?

1 Thessalonians 5:3)

"But cutting oil production further may risk alienating big oil importers such as China and India, which are aligned with Russia but sensitive to oil price increases. An official working on the price cap said it was “important to not take Russian comments at face value” and that any production cut would “disproportionately hurt developing countries”.

(Theyve done everything else they said they were gonna do but dont take this at face value? See 1 Thessalonians 5:3 again plz.)

"In January, Russia’s government revenues from oil and gas were down by 46 per cent year on year, contributing to a fast-growing budget deficit that reached $25bn for the month as the Kremlin boosts defence spending.

"Pierre Andurand, one of the world’s top-performing traders in the sector, has claimed that Putin has already “lost the energy war”"

(I'd hold my horse about that just yet...)