Don't look now but the oil market is collapsing (user search)
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  Don't look now but the oil market is collapsing (search mode)
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Author Topic: Don't look now but the oil market is collapsing  (Read 10585 times)
Storebought
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« on: November 06, 2014, 10:52:30 AM »
I've read that OPEC lowering oil prices has nothing to do with staying competitive -- it's just Saudi Arabia trying to drive US shale oil companies out of business. It's basically dumping.
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Storebought
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« Reply #1 on: November 06, 2014, 11:52:34 AM »
I've read AD's reply, but I'm not sure I agree with it. Saudi Arabia is selling (relatively-speaking) low cost oil only to North America, but they are raising their prices to their east Asian customers.

But on a broader point, I honestly don't see how Russia is involved with any of this. Russia mainly uses natural gas to screw its client states.
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