Hofmeister: If Russia Loses Market Share on Oil They’re in ‘Deeper Trouble’ than They’d Ever Admit

Donald Trump promising to ░░░░░░░░ us oil and gas ░░░░░░░░ Europeans loosening the energy ░░░░░░░░ Here s what he ░░░░░░░░ in Poland We are ░░░░░░░░ to securing your access ░░░░░░░░ alternate sources of energy ░░░░░░░░ Poland and its neighbors ░░░░░░░░ never again held hostage ░░░░░░░░ a single supplier of ░░░░░░░░ John great to see ░░░░░░░░ This is a win ░░░░░░░░ for the United States ░░░░░░░░ is great for energy ░░░░░░░░ when oil is coming ░░░░░░░░ in price and some ░░░░░░░░ they might close up ░░░░░░░░ if this gives them ░░░░░░░░ market to deal with ░░░░░░░░ it is a win ░░░░░░░░ Europeans which because Russians ░░░░░░░░ for years decades held ░░░░░░░░ the Russians didn t ░░░░░░░░ It all comes down ░░░░░░░░ price What will the ░░░░░░░░ of natural gas and ░░░░░░░░ of energy what will ░░░░░░░░ price be there is ░░░░░░░░ lot of price back ░░░░░░░░ forth that could take ░░░░░░░░ and if we are ░░░░░░░░ lng as one of ░░░░░░░░ fuels a lot of ░░░░░░░░ will have to be ░░░░░░░░ and that infrastructure will ░░░░░░░░ quite some time to ░░░░░░░░ and it will need ░░░░░░░░ to fund it in ░░░░░░░░ hundreds of billions of ░░░░░░░░ if you are talking ░░░░░░░░ Syria s competition to ░░░░░░░░ so it is not ░░░░░░░░ flipping a switch and ░░░░░░░░ using American supplies instead ░░░░░░░░ Russian supplies David I ░░░░░░░░ of Ronald Reagan s ░░░░░░░░ in the early stages ░░░░░░░░ his administration when he ░░░░░░░░ out a plan for ░░░░░░░░ end of the Soviet ░░░░░░░░ if he didn t ░░░░░░░░ that end for 12 ░░░░░░░░ it is the next ░░░░░░░░ of the first George ░░░░░░░░ s residency but you ░░░░░░░░ to start somewhere and ░░░░░░░░ looks like a good ░░░░░░░░ no Absolutely Among all ░░░░░░░░ around the world we ░░░░░░░░ grow the fastest we ░░░░░░░░ be the most thorough ░░░░░░░░ could be a daunting ░░░░░░░░ meeting with Russia but ░░░░░░░░ would have to commit ░░░░░░░░ to it and stick ░░░░░░░░ it and that is ░░░░░░░░ investors come in the ░░░░░░░░ to hang in we ░░░░░░░░ to begin somewhere You ░░░░░░░░ fluent in that language ░░░░░░░░ this is a big ░░░░░░░░ for the United States ░░░░░░░░ negotiations with Russia particularly ░░░░░░░░ man like Vladimir Putin ░░░░░░░░ understands this is a ░░░░░░░░ threat to market share ░░░░░░░░ Europe It gives us ░░░░░░░░ in negotiations over a ░░░░░░░░ range of things The ░░░░░░░░ economy is entirely dependent ░░░░░░░░ selling natural resources particularly ░░░░░░░░ resources and if they ░░░░░░░░ market share they are ░░░░░░░░ deeper trouble than they ░░░░░░░░ ever admit Keeping that ░░░░░░░░ going during this period ░░░░░░░░ low oil prices they ░░░░░░░░ been hit hard even ░░░░░░░░ they are not admitting ░░░░░░░░ to the world outside ░░░░░░░░ We have created in ░░░░░░░░ six months Donald Trump ░░░░░░░░ been in office and ░░░░░░░░ 5000 energy jobs He ░░░░░░░░ bringing the jobs We ░░░░░░░░ on a bit of ░░░░░░░░ come back but prices ░░░░░░░░ not where they need ░░░░░░░░ be to bring the ░░░░░░░░ back to where investors ░░░░░░░░ count on sustained growth ░░░░░░░░ It is good for ░░░░░░░░ who fill up their ░░░░░░░░ every week.