[MEDIA=twitter]1245720677660925952[/MEDIA]
[MEDIA=twitter]1245730595285676037[/MEDIA]
America have their own oil but why do they import
Oil fracking companies in the USA were complaining that if oil goes below 40 dollars a barrel, they will be forced into quarantine
Only Saudi and Russia can sell at 20 dollars and sustain it
OPEC wanted to cut production, Saudi wakasema kwenda huko
The oil in Saudi is a few feet beneath the ground. $10-15/barrel is enough to pay for cost. The Shale oil in the US/Canada is deep beneath the ground. $30/barrel is needed to break even. So if oil is selling at $20 a barrel like right now, US companies will sell at a loss.
And that’s their problem. They should not dictate world oil prices based on this.
They are not dictating. But trying to save ass. The US economy will take a big hit. Softening oil prices will cushion the fall. Oils price alone can stall a recovery as it eats into prices of commodities. I can’t blame the US. They are looking out for themselves like everyone should. There’s a long history of oil prices. There’s a reason why the US keeps Saudis under their armpits.
If they really cared about other people apart from just their specific interests, I would feel sorry as a human being. Sahizi I’ll say Wacha bei ifike ata $9.
White man worshiper go to hell
Wewe keep worshipping men who sold and continue to sell your kin to slave traders. Let them keep fucking your ass.
As if MBS has the power to make Putin do anything.
It’s cheaper compared na franken oil which is expensive to produce from shale. So Russia wakiflood the market the price is lowered which will drive the Dakota oil companies to bankruptcy. Penda sana
True but it’s also coz Russia wanted to cripple the oil-sands industry in North America; whose production remains untenable below a certain price… They have largely achieved this goal… The cold war was not won as many westerners believe… It was just postponed…
Oil yesterday rose by 25%
Today early morning trading oil is also up
The US will not take a big hit as the oil industry is a very small percentage of the economy . What Trump is doing is just trying to save the oil/gas industry.
They’re intentionally trying to kill the US fracking Industry. Unfortunately, Trump’s war with Iran and Venezuela, which combined own about 40% of viable gas and oil reserves, means that Russia and KSA can do whatever they want to stop and kill the fracking Industry, especially when the US economy has gone to shit in the past few weeks due to koronya.
Trump was bluffing, he was hoping some full in the Kingdom or Russia would buy his story and cut back oil. Only to realize they were duped later. Everybody knows the US is bleeding and they’re moving in for the kill. China is definitely smiling since they know Trump has to get a trade deal in a few months before the next election or he might lose the next election for real this time.
Oil prices are up in Asian trading today
based on a false tweet by Trump. They’ll be down again by tomorrow after the clarification. It will also dent the credibility of Trump’s tweet in the stock market in future
Lets wait and see