The Schork Group principal Stephen Schork argued that America is “paying” Russian President Vladimir Putin to invade Ukraine based on the current energy policies of the United States.
, briefly topping $105 a barrel for the first time since 2014 – and Russia's full-blown attack on Ukraine, which started last Thursday, could push prices even higher with many NATO countries such as Germany dependent on Russian oil to fuel their countries.
That dependence has also limited the international response to Russia's invasion, with sanctions being specifically designed not to target Russian fuel exports amid fears such a move could send energy prices soaring in Europe. "Germany is now waking up, France is waking up and we’re starting to see that here in the U.S.," Schork warned on Tuesday. "Two years ago the United States was the premier oil producer in the world. We had cut our purchases of Russian oil to a fraction of where they were 10 years earlier and then inside of one year our purchases of Russian oil have increased sixfold," he continued. "Now we are paying Putin to invade the Ukraine based on our energy policy.
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