US Sanctions on Russia, Anti-Oil Policy Give Competitive Edge to China: Economist

US Sanctions on Russia, Anti-Oil Policy Give Competitive Edge to China: Economist
A customer prepares to pump gas into her car at a Chevron gas station in San Rafael, Calif., on May 20, 2022. Justin Sullivan/Getty Images
Petr Svab
Petr Svab
reporter
|Updated:
0:00

Throttling the oil industry while cutting off Russian oil is putting American businesses at a serious disadvantage to those that now buy Russian oil and gas at a discount, namely China and also India, according to an expert on environmental and energy policy.

Worse yet, this situation appears to be baked into the geopolitical cake for the foreseeable future.

Petr Svab
Petr Svab
reporter
Petr Svab is a reporter covering New York. Previously, he covered national topics including politics, economy, education, and law enforcement.
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