This is CBSI in the world. I'm John Batson. Sanctions against Russia since the Ukraine

conflict in 2022. Michael Bernstein has been my guide and my inspiration. Each week I come back to

Michael now and say vindication. And the vindication this week starts in the United States.

This is a double bank billiard shot.

Watch this.

Financial Times, the salmon-covered colored paper out of London.

Very bearish all the time.

U.S. oil output set for first annual drop since pandemic. Subhead blow to Donald Trump's

energy dominance goal as EIA predicts production decline in 2026. The story involves not only how many

barrels a day, how many rigs are available, and how many are taking offline,

but also the increased demands on all oil production because fracking is much more expensive

than regular old, sink a well and enjoy bonanza.

But decline.

What does that mean for the Russian sanctions?

Michael, a very good evening to you.

The oil men don't mess around.

When they see a decline up ahead, they cut back quickly

because they're living on bank loans,

just like movies.

You make a movie with a loan and you've got to pay it back.

All right.

They're saying that their output is going to drop.

...