What A Global Energy Crisis Means For North American Stocks

Let’s imagine that a few years ago in early 2014 that Vladimir Putin had tossed a coin in a wishing well and asked for a more supportive market for Russian oil and gas, their chief source of foreign currency. A mere seven years ago, after the Russian invasion and takeover of Crimea, the country was a pariah on the world stage. U.S. sanctions intended to cripple the Russian economy, combined with low oil prices following the Saudi decision to take back market share held by upstart American shale, were delivering just the results intended.…