Retired Lieutenant General Ben Hodges, former commanding general for the U.S. Army in Europe, says the nuclear threat is “absolutely credible,” but there’s no battlefield advantage for President Putin to use it.
General David Petraeus, former director of the CIA, says President Putin’s reality on the battlefield is desperate. “There’s literally nothing he can do. It’s irreversible,” he says.
Henning Gloystein of Eurasia Group says those measures could include a windfall tax on low-cost energy producers and a cap on wholesale electricity prices.
India’s Petroleum Minister Hardeep Singh Puri told CNBC’s Hadley Gamble his country will carefully assess whether to support a G-7 proposal to impose a cap on the price of Russian oil. “There are many conversations going on due to a large number of factors,” Puri said at Gastech 2022 in Milan, Italy.
Joseph McMonigle of the International Energy Forum says “a lot of people think the gap between supply and demand is all OPEC or OPEC+ but half of that is still from U.S. producers.”