This is John Batchel.

Colleague, Michael Bernstein of the Hoover Institution follows the sanctions on Russia

and Russia's compensation.

Right now, the compensation is not looking healthy because price of oil.

Michael explains 2025 has too much oil for the demand. 2026, much too much oil. Here, Michael explains. 2025 has too much oil for the demand.

2026, much too much oil.

Here, Mike explains, and that translates right into the Russian problem.

There's not enough money coming in.

Russia is not in a good position now and going forward, if or not. If not, something happening dramatic.

This is a country that's tumbling into a deep recession.

High interest rates, nobody borrowing, lots of unemployment, trouble.

It's the day after that's the trouble.

Not the day of the end of the war, the day after. The International Energy Agency projects that the total oil supply in 2026 will be 108

million barrels per day, and they're saying that it will be the glut, the surplus will be from 2 to 4 million barrels

per day of the supply above the demand.

So yes, oil will be cheaper.

Now there is deregulation by the Trump administration.

So offshore oil in what used to be called the Gulf of Mexico now, the Gulf of America.

And the Alaska oil now will be more produced,

so there will be oil, glad for, and Russian oil will be very cheap with this discount.