Its not just the Russians, I think every country that has based its entire economy on Oil exports is feeling the pinch.PNGMK wrote:To me and my colleagues.... the oil price is being pushed down to bankrupt Putin... I think Oil has to be greater than $75/BBL for Russia to run on an even keel..... however in the last OPEC meeting it did not appear that the Russians were arguing for production quota cuts... so yes - it's confusing.
I read an article yesterday that something similar to this was done by the Saudis in the 80's when there looked to be a push to alternative energy sources and more efficient cars.nakatago wrote:One unverified story I heard was Saudi Arabia lowered the price of their oil because the US is starting to become serious competition.
I didn't really think about it much except for, "...that's an amusing thought."
Barnsley wrote:Its not just the Russians, I think every country that has based its entire economy on Oil exports is feeling the pinch.PNGMK wrote:To me and my colleagues.... the oil price is being pushed down to bankrupt Putin... I think Oil has to be greater than $75/BBL for Russia to run on an even keel..... however in the last OPEC meeting it did not appear that the Russians were arguing for production quota cuts... so yes - it's confusing.
All those Billions trousered by the Government officials, nobody notices when its $100 a barrel , sadly for them its not the case now.
Until the Russian economy collapses and Putin gets ousted, and someone more aligned with the other global powers and global interests replaces him?Strong Eagle wrote:First, how long to you think low oil prices will last? Do you think there is collusion between the US and Saudi Arabia to keep production up in order to damage the economies Russia, Iran, and Venezula?
My own approach on that, is that that would be a full time job and even then there'd be a good chance I'd be wrong. So I accept I don't know, and realistically have no way of doing so. The same applies equally to bankers/analysts, so I'm damned if I'm going to pay them fees to make similar decisions for me.Strong Eagle wrote: For various scenarios (6 months low prices, 12 months, 2 years) how to you think various investment categories will play out? ...
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