Russia Warns of New Price War Due to U.S. Shale Gains

[SyKoKo]

Russia Warns of New Price War Due to U.S. Shale Gains as Kuwait Calls for Extension of OPEC Production Cuts.


https://www.google.com/search?q=Rus...s.&aqs=chrome..69i57&sourceid=chrome&ie=UTF-8

In a written response to Reuters, Rosneft stated, “It became evident that U.S. shale oil output has become and will remain a new global oil price regulator for the foreseeable future.

“There are significant risks the (OPEC-led) deal won’t be extended partially because of the main participants, but also because of the output dynamics in the United States, which will not want to join any deals in the foreseeable future.”

Rosneft went on to speculate that “We think that in the long-term global oil demand dynamics and reduced investment during the period of ultra low prices will balance the market, but that the risk of a price war resuming remains.”

Rosneft noted the only guaranteed way to balance the market is for all producers to limit supplies – even though Russia itself has yet to make good on its pledged cuts.

 

[SyKoKo]

yet the BLACK MAN in 2008 and the FAKE NEWS laughed at Palin when she said

we can drill our way to energy

INDEPENDENCE

 

[VaticanAssassin]

I sold at 52 in December...

Let me know when it hits 25. I will buy again.

 

[SyKoKo]

Im looking to buy USO 925-935......of course GAS never goes down

Drill Baby DRILL

fuck the BLACK MAN

 

[4est_4est_Gump]

Russia doesn't have a high enough GDP to threaten anyone in an economic showdown (and they know it...





... like Gruber, they just hope the American people are too stupid to know it).

 

[4est_4est_Gump]

Here's a "head's up" for you and hashy:

http://www.americanthinker.com/blog...ons_to_probe_whether_rt_news_is__russian.html

di nada

 

[water505]

Russia doesn't have a high enough GDP to threaten anyone in an economic showdown

Maybe The Don will jack up military spending like you-know-who did in the 80's and bankrupt the Russkie bastards all over again.

 

[Ishmael]

The net exporters are screwed and they know it. In a way they're behaving like the democrats after this last election. They don't have the power to do shit but they're running around trying to convince themselves they do.

Ishmael