"At the geoeconomic level, I think Trump’s Ukraine strategy is all about his midterm election. Trump thinks: If I can actually end this conflict and lift sanctions on Russia, Russian oil will swamp the global market, it’ll drive down the price of gasoline at the pump and I will win the midterms." [1]
The price of oil and gas still influences significantly all other prices. This was a major mistake of German leader Scholz who is being defeated in Germany's elections too as we speak, and who induced unwanted Germany's deindustrialization with high gas prices.. What an easy to predict blunder.
1. Tom Friedman on Just How Far Trump Could Push the World: The Opinions. Friedman, Thomas L; Healy, Patrick; Weinberger, Jillian. New York Times (Online) New York Times Company. Feb 20, 2025.
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