I may have crossed streams on thread thought processes... I know this one is about Saudi Arabia lowering prices, etc., etc. but Russia still plays some kind of role somewhere
Arsen told me so
Yes, sanctions against Russia also helps driving oil prices down. Why do you think US increased oil supply like crazy? US knows exactly what's going on... Flood energy market to the point where Saudi Arabia and other countries have to slash prices and increase output to compete and cause countries like Russia and Venezuela to financially crash because they cannot afford selling energy this cheap. Obama also sanctioned sales of energy technology to Russia so Russia have to operate with literally one hand tied in this volitile market.
I read multiple reports that Saudi Arabia and other countries afraid that US will reach it's reserve capacity and will continue to produce oil at record volume... Saudi Arabia and other oil producing countries increased supply and lower prices to avoid US flooding energy markets. Economies of gulf states will take a hit while the rest of the United States should see major economic improvements. Venezuela and Russia are two major losers because of the cost of extracting oil in these nations. US has not plans of cutting down on energy production any time soon. Fracking will also take a major hit because it's an expensive process and energy prices are cheap.
Look what I found this morning at work trying to get warm. Were going to take him to the vet later. His eye is a little messed up but he can see out of it and he has ear mites. Hopefully we can get him fixed up. After a few minutes holding him he fell asleep