Article

2020-04-03 Caucasus/Russia/Central Asia

Russia rewriting budget to plan for $20 bbl oil.

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Posted by 3dc 2020-04-03 05:30|| || Front Page|| [3 views ] Top

#1 Have a price war with Saudi Arabia primarily designed to kill US fraking which can't compete at those prices only to have Trump fill the stockpiles and the virus shut down industry so that the frakers can just hit pause while that cheap oil helps the otherwise tottering US economy.

Posted by rjschwarz 2020-04-03 10:27|| 2020-04-03 10:27|| Front Page Top

#2 But no one can kill US fracking with a price war. The current operators of the wells can go out of business which is rough for the owners. But as soon as prices go back up someone will buy those shut-in wells etc, hire the field hands back and start fracking again.

Posted by The peanut gallery 2020-04-03 16:12|| 2020-04-03 16:12|| Front Page Top

#3 Time to offer some help to the Russians and to our producers and boost prices a bit.

Post-crisis we are far better off if we can peel Russia away from the Chinese and figure out a rapprochement with Putin over Ukraine and w Putin and the Saudis re global energy supply conditions.

Posted by Lex 2020-04-03 16:25|| 2020-04-03 16:25|| Front Page Top

#4 If demand is short, let them temp close. Russia can suck d*cks

Posted by Frank G 2020-04-03 17:15|| 2020-04-03 17:15|| Front Page Top

#5 Russian ventilators sent to US made by firm under US sanctions

Posted by g(r)omgoru 2020-04-03 19:09|| 2020-04-03 19:09|| Front Page Top

#6 Play Russia off against China. Not the time to bite the Russian hand. They have as much or even more to fear from China than we do.

Posted by Lex 2020-04-03 19:11|| 2020-04-03 19:11|| Front Page Top

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