...and if Russia does not turn off the gas tap on July 22, I am...

...and if Russia does not turn off the gas tap on July 22, I am expecting Oil/Gas price to come down probably back to mid $90s (on the crude)...if it does, markets would probably implode and the Euro suffers a sharp selloff and we are closer to a global recession and the IMF would have to once again downgrade their recent assessment. For the bigger picture, you would hope for the former. For oil stock holders, you may want the latter but with a big price to pay for the world economy. Also if the latter scenario materialises, goodbye market rally and we could see 3500 on the S&P500 relatively quickly and everything will be sold off under a Risk-Off capitulation.