This is CBSI on the world.

I'm John Batchel.

Michael Bernstam of the Hoover Institution,

my guide on sanctions regime against the predatory Russian nation attacking Ukraine

and threatening all of Europe and the United States and everyone with nuclear weapons,

depending upon the price of oil. The Russian military, as it is, is fueled by bribes for large

benefits. At the same time, the Russian economy is fueled by what is called military Keynesianism.

That is giving lots of money away.

But where's the money come from?

From the oil sales to India and China, first and second in line.

But, Michael, a very good evening to you.

For the whole of the winter, you look to April when the Saudis were going

to increase their production and UAE as well. And that would damage the price of oil. The Russians

were already giving a discount and it was in the 70s. Now it's in the 60s. Things have to be

bad for them. Good evening to you, Michael. Good evening to you. And indeed, in April, the OPEC countries, especially the Saudis,

and the Saudis have a spare capacity of 3 million barrels a day, increased their oil output

because oil prices are declining. The OPEC share in the world oil supply

is down to under 40%, so it cannot manipulate the market as they used to. And so they've decided

to get by increasing volume their money instead of by price. Fine. And the United States and Guyana

and Brazil and Canada are increasing their oil output. So there is an oil blood in the world. For Russia,

it is very bad because oil prices are declining and Russian oil because it is sulfuric, because it is under sanctions, because

it is heavy, so the quality is not as great, or Russian oil sells at discount.

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