Not All Oil Is Equal: Why Banning Russia’s Crude Is Risky

Crude oil prices are soaring, with Brent breaking $130 over the weekend as the United States and Europe discussed banning Russian oil imports. But according to some industry insiders, this might not be the smartest move. "The only way to stop Putin is to ban oil and gas exports," Scott Sheffield, chief executive of Pioneer Natural Resources, told the Financial Times in an interview last week. "[But] if the western world announced that we're going to ban Russian oil and gas, oil is going to go to $200 a barrel, probably — $150 to $200 easy."…