As energy inflation is no longer his problem, Biden is happy to put as many obstacles before Trump 2.0 as possible and is deciding now, to really crack down on Russian energy revenue. On Friday, prompt Brent reached $80 per barrel for the first time since October, as new sanction measures were announced. The measures against Russia include sanctions on Gazprom Neft and Surgutneftegas, and the blacklisting of 183 vessels involved in Russian energy exports. Sanctions have been dictating the strength as players may not want short risk as Trump heads into office with all tariff threats outstanding. In an ironic act of God, a cold Russian air mass may be out to seek revenge on the US energy infrastructure. The Siberian Express is chugging down into the lower 48, and the strong Canadian pressure is pushing this bitter cold, low, dry air into the Rockies and straight to Texas. Weather forecasts are as varied as they are confusing, but the freeze is heading south, and the whole state may freeze.
