S8 Ep210: PREVIEW Guest: Michael Bernstam Summary: Michael Bernstam analyzes declining oil prices, noting a global glut that has pushed prices under $60 per barrel. He explains that because Russia los

PREVIEW Guest: Michael Bernstam Summary: Michael Bernstam analyzes declining oil prices, noting a global glut that has pushed prices under $60 per barrel. He explains that because Russia loses roughly $2.7 billion for every $10 price drop and sells at a deep discount, current revenues are insufficient to sustain its budget or war effort. 1914