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Resource Strategist Warns of New Russian Threat: "It Would Be the Greatest Blackout in American History"
The Obama administration has already begun implementing sanctions against Russian politicians and business interests, but rather than leading to a compromise the controversial geo-political maneuvers may be further fueling the fire. According to Marin Katusa, Chief Resource Strategist at Casey Research, Russia’s control of valuable domestic resources puts them in a unique strategic position against the United States and gives them significant leverage should they choose to implement sanctions of their own. The country is rich in oil and gas, an advantage they have used time and again in negotiations with Europe by simply threatening to shut down gas pipelines if their demands weren’t met. But something most people don’t realize is that the Russians also dominate the rare earth metals sector, namely the mining of uranium. If Russia were to restrict the export of that uranium, explains Katusa, life as we know it in the United States could come to an abrupt halt.
In the following must listen interview with Future Money Trends, Marin Katusa delves into the facts behind America’s dependence not just on foreign oil, but uranium and other resources, and explains the repercussions should Russia choose to literally “pull the plug” on the United States.
For years the Obama administration, as well as their predecessors, have surrendered America’s energy independence to foreign interests. Americans are already familiar with the economic effects of oil embargos such as the one that lead to the 1973 crisis that quadrupled oil prices. Most recently, as tensions in the middle east rose in 2008, the price of gas rose nearly 40% in a single year and threatened America’s domestic strategic oil reserves. Since the end of the cold war we’ve experienced a relatively stable trade relationship with Russia up until a few months ago when Ukraine exploded in revolution. Now Americans face a new energy threat that could, should Russia choose to exercise this option, lead to rolling blackouts across the United States and cause electricity prices to sky rocket almost overnight. It’s a threat that doesn’t seem to be on anyone’s radar, but one that could have an immediate impact on Americans’ way of life if Vladimir Putin decides he’s had enough of the political showmanship.
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