Chelsey Dulaney

And that would be a huge loss of revenue.

They say about $56 billion in lost revenue for these economies.

Yeah.

So there are a couple places that stand to win.

The most obvious one is Russia, which has been sort of shut out of global energy trade.

They've had some buyers like China invest.

in India.

But the fact that there are so many disruptions from other major oil suppliers has really put Russia back on the map.

People want to buy their oil now.

And for Russia, that means they're bringing in a lot more revenue to fund the war in Ukraine.

So analysts usually estimate that Russia needs oil to be about $59 a barrel to balance its budget.

It's far above that now.

So for Russia, this has been a big win.

Some of the Latin American economies, Venezuela in particular,

Also being reintegrated into the global oil trade, starting to increase production again could benefit Canada, probably see a bit of a growth impact Norway as well.

But a lot of these economies as well will see a little bit of inflation because even though they produce a lot of energy themselves, it's still a global market.

So they still will also see prices rise at the pump and higher prices for things like airfare.

Yeah, this is really all about metals.

So over the past year, we've seen this incredible run up in metals prices, gold, silver, just soaring.

And last week, it hit the wall.