Jeff Snyder

We've talked about it.

We've given you warnings.

Now we're actually going to act on it.

Rob, what's this?

But you know how he's doing it?

Very slowly, incrementally.

It's almost like just tightening the noose a little bit at a time so you don't really realize it.

The right sequencing.

Do you think that would put a stop to all of this, to a lot of this?

I think that's the carrot and the stick, right?

The carrot has always been stop the war in Ukraine and join us and let's do a lot of business.

We'll buy all your oil again.

The stick is we're going to slowly strangle you and there's nothing you can do about it.

I think the goal here for Putin, what he really cares about is remaining as president of Russia.

So if Trump can undermine his power base, he ends up like Maduro.

I mean, what else is he doing right now?

I think what Burry said, it's not about oil here, at least in this one respect.

What he said was that through the Belt and Road Initiative, China has lent billions of dollars all over the world.

And with Venezuela, it was collateralized by Venezuelan oil.

Trump just took their collateral, which means those loans are worthless.