A Russian energy embargo would cause massive energy shortages in Europe, leading to blackouts and a deep recession. Posted on 2022/03/11 by Carl Robitaille A Russian energy embargo would cause massive energy shortages in Europe, leading to blackouts and a deep recession. It would cause global oil prices to perhaps double. As much as the world is mad at Putin, that is not a price the West is willing to pay.— John Arnold (@JohnArnoldFndtn) February 26, 2022