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The Saudis are not justified in dumping, cheap oil is not good for anyone.
They won't be able to contain cheap oil for long.
Cheap oil does not benefit anyone - yes. But, they can drag us out of the market completely....
It's like sawing off the bough you're sitting on. If you become unwanted by the states, you are "zeroed out". Who would invest in something like that? Highly unlikely and implausible.
And who believed in $30 oil? The same statements were made - it is not profitable for anyone, it is impossible, it cannot be, it is a bribery, ayyyyyyyyyy.
And who believed in $30 oil? The same statements were made - it is not profitable for anyone, it is impossible, it cannot be, it is nonsense, ayyyyyyyyyyy.
Oil at $30 does not undermine confidence in the US dollar. But the acceptance of dollars in individual countries does. But of course you can believe what you want.
Oil at 30 does not undermine confidence in the US dollar. But the acceptance of dollars in individual countries does. But of course you can believe what you want.
The hegemon is not interested in such trivialities.
Cheap oil does not benefit anyone - yes. But, they can drag it out until we are completely squeezed out of the market...
It is unlikely to force us out of the market; they did not pull the pipeline to Europe for nothing.
But they can.
The Chinese are seizing the moment of cheap oil and are actively buying Russian oil to replenish their reserves.
It is unlikely to force them out of the market; they did not pull the pipeline to Europe for nothing.
But they can.
The Chinese are seizing the moment of cheap oil and are actively buying Russian oil to replenish their reserves.
The only thing I don't understand is why our managers are so stupid and sell crude.
Instead of building refineries to produce petroleum products, gasoline, paraffin, fuel oil, etc.
and sell the finished products at a higher price than selling the crude. Where the fuck is the logic in that?
And by building refineries, it creates new jobs, as if the social sector is not left out,
and there's additional tax to the treasury on finished products, not raw material, etc.
But no, we do not need the factories. The same situation with the timber, they exported half of Siberia in round timber, idiots.
It is unlikely to squeeze it out of the market, they did not pull the pipeline to Europe for nothing.
But pulling it, yes they can.
The Chinese are seizing the moment of cheap oil and are actively buying Russian oil to replenish their reserves.
Links, if you can, to news where China is buying up Russian oil.
The only thing I don't understand is why our managers are so stupid as to sell crude.
Instead of building refineries to produce petroleum products, gasoline, paraffin, fuel oil, etc.
and sell the finished products at a higher price than selling the crude. Where the fuck is the logic in that?
And by building refineries, it creates new jobs, as if the social sector is not left out,
additional tax to the treasury from finished products, not from raw material, etc.
But no, we do not need the factories. The same situation with the timber, they exported half of Siberia in round timber, idiots.
In short, IMHO: after us the flood may follow.
Links, if you can, to news where China is buying Russian oil.
I think it was just the opposite yesterday or the day before yesterday that china did not buy a barrel of russian oil at all - i do not want to google
As for the oil price, apart from trade wars there are alliances, it is not clear who is with whom now, the same Arabs danced to Uncle Sam's tune a long time ago, now they seem to have become independent