Putin Launches "War On US Shale" After Dumping MbS & Breaking Up OPEC+

Putin Launches "War On US Shale"
After Dumping MbS & Breaking Up OPEC+
http://www.informationclearinghouse.info/53089.htm

Seems that more than ONE can play the game of wrecking another countries Economy


------------------------------------------------------------
What Goes Around Comes Around !
Russia strikes back, after US machinations made their Puppet In Riyadh to dance back
in 2014 causing a precipitous drop in Oil prices. The drop had the specific intention of
hurting the Russian economy. Since then the US has imposed sanctions with the intention
of destroying Russia's "Nord Stream Initiatives"

The Tables Have Turned Unexpectedly !
Russia not only adjusted to the lower Oil prices but are now moving to keep those low prices
in place ! -- Russia refuses to cut production - causing yet a new round of Oil price drop.
So with one brilliant and powerfully astute move, Putin CHECKs the Saudi puppet King
................................................................................ and fatally fractures the US Fracking Rook

They wreak OPEC and virtually destroy the US Fracking Industry, causing serious $$$$$
insolvency problems for the Greed driven Monster US BANKS who loaned the Frakers
Billion$ which they now have No hope of ever paying back.

Saudi's now have already been forced to lower their price just to keep afloat.
.................................................................................................... & US Fracking turns in the toilet

------------------------------------------------------
Putin Launches "War On US Shale"
After Dumping MbS & Breaking Up OPEC+
http://www.informationclearinghouse.info/53089.htm

From The Article:
OPEC+ is no more, after a torrid 24 hours in which Russia overturned the balance of power in
the oil world, leaving the members of OPEC+ dazed and confused, shocking Saudi which now
faces social unrest with the price of oil far below Riyadh's budget, and - in a repeat of the Thanks -
giving 2014 OPEC massacre - sending oil prices plunging by the most since the financial crisis.
&
With global fears over coronavirus already severely impacting the oil market (down 30%
since the start of the year), and with the Russians surprising oil ministers gathered at OPEC
headquarters by suddenly abandoning a plan meant to keep oil prices steady, the biggest
shock was felt by the Saudis, because as Bloomberg puts it, Putin has just effectively
dumped crown prince MbS to start a war on America's shale oil industry:
&
Bloomberg quotes Russian state-run think tank Institute of World Economy and International
Relations president Alexander Dynkin as saying, "The Kremlin has decided to sacrifice OPEC+
to stop U.S. shale producers and punish the U.S. for messing with Nord Stream 2."
----------------------------------------------------

Saudis Plan Crude Oil Output Increase, Begin Price War: Reports
https://www.middleeasteye.net/news/saudis-plan-crude-oil-output-increase-begin-price-war-report



Richard Wolff: Banks are Trembling !

 

At first I didn't know why Putin refused to cut production, until I found out that the cuts would be supplemented by the US. Why should he do something that would benefit the US economy, when Trump has been threatening nations not to buy arms from Russia among other things?

 

double

 

What makes you think a Glut of Oil & the resulting low Oil Price -
Thus causing the puppet Saudi's to have to DESTROY US Fracking
.................................................................................... In order to survive

& the problem this causes for the BANK$
In any way - benefits US Economy ? --

Do I read you properly ? Review



https://www.bloomberg.com/news/arti...o-start-a-war-on-america-s-shale-oil-industry


.

 

Russia’s game will be short lived just like China devaluing the Yen in wake of US tariffs.


Tuesday’s rebounds followed Wall Street’s biggest one-day drop since the 2008 global crisis. Oil prices also bounced back from a record-setting fall.

Hong Kong’s benchmark jumped 1.8%, Sydney’s added 1.2% and Shanghai’s climbed 0.6%. Shares edged slightly lower in Tokyo and Seoul after bouncing in and out of negative territory.
Brent crude, the basis for international oil prices, gained 6.7% but still was down by nearly half from its January peak.

 

Good.
Oil moguls fighting over prices means cheap energy for all.
Third world countries can build an indusrty which was barred to them due to high energy prices.
Good news for Africa and Asia low income countries.
Bad news from Arab countries that have been milking the world dry for ages.

 

.............deleted.........

 

I think everything just bounced... except for the oil price

 

What happened to the doomsday threat of peak oil? Remember the fear mongering? It was prolific!

Well I never believed it would happen on their time table. Now its doomsday climate change!

 

Price wars are temporary. Enjoy the cheap gasoline prices while they last!

 

Facts R -
The slight 10% recovery from the approx $28 bbl sewer price - back up to $34 does nothing
.................................................................................................................................. to repair the damage
-----------------------------------------------------------------------------
from: Barrons


Note the rise you speck of from Mar 9 to Mar 10, compared to the drop of Mar 8, 4pm
-------------------------------------------------------------------------


And considering the Saudi's knee jerked & they just shot themselves in their foot
by initiating a Price War - A Price War that actually feeds into Moscow's machinations.

Russia Fires Back. Could Boost Production of Oil By 500,000 Bpd
https://oilprice.com/Energy/Crude-Oil/Russia-Fires-Back-Could-Boost-Oil-Production-By-500000-Bpd.html
https://oilprice.com/

They Look scared don't they ?

things have every prospect of becoming much worse for US Fracking & the Yank Banks
................................................................................................................ who financed them fo Billion$

-------------------------------------------
from: CNN Business - Updated 4:21 PM ET, Mon March 9, 2020
Why Oil Prices Are Crashing And What It Means
https://www.cnn.com/2020/03/09/business/oil-price-crash-explainer/index.html

from: Oil Price.Com
Oil Price Crash: 50% Of US Shale Could Go Bankrupt
https://oilprice.com/

from: CNBC
The Drop In Oil Was Perhaps The ‘Final Straw’
For US Credit Markets, Strategist Says
https://www.cnbc.com/2020/03/10/dro...al-straw-for-us-credit-markets-strategas.html
-------------------------------------------

 

It is very hard to read your OP when you try to turn the type into something looking like an amateur ransom note.

How about just a standard font without all the foolishnesses for drama?

 

Fracking Industry - BELLY UP ! - Banks holding their Bazzilian'$ dollar loans - INSOLVENT !

 

I don't have the patience to read everything - or the desire. I have a simple mind. This though is what I gathered from what I read:

The Saudi's wanted Russia to cut production to keep the price of oil stable. Russia said no, and knocked them for a loop. Moscow's thinking was that if they cut production, the oil they would have sold would be covered by the US oil industry.

Putin once said he didn't want oil to go high, because when it does, they become content and it keeps them from developing other parts of their economy. Russia's economy right now has been stabilized, and they can survive a low price of oil from 7 to 10 years. Saudi Arabia on the other hand is at least $50 billion in debt and can't survive for very long.

As for our fracking industry and the banks that support them, if they go under because of Russia it would serve them right. I once said that any nation that messes with Russia has to be idiots. If they had the least awareness, they would have realized that Russia doesn't play games - it would go against their very nature.

We've been demonizing Vladimir Putin and Russia for years ad nauseum. The Maginsky Act was passed by Congress on the testimony of the known criminal and tax evader Browder. We have slandered Russia's elected president and accused him of crimes that we ourselves committed - with Britain's help of course. We have attempted regime changes not only in Russia, but in every nation aligned with Russia. We have sanctioned and attacked Russia's economy incessantly, and even threatened nations who trade with them.

For all of Trump's blustering stupidities, I'm not attacking him. It's an attack on those in the Deep State who control this nation. Their personal animosity towards Russia, is throwing us into a recession - or maybe worse. And for what? For a new world order that will be a repeat of the USSR and worse.

I'm dancing now so full of glee,
to tell you that our dear country
is not for sale, nor will it fail
and if you think it's just a tale,

then let me say that we are proud
and burned too much in history;
from others that were just like thee.

But being burned's a lesson learned
and trust is something one must earn
and you haven't! - Jeannette​

 

LOL @ Putin worshippers.

I remember the last time Vlad the Invader's country made the mistake of getting into an economic war with the United States...



...it left Putinka bawling about the "greatest geopolitical catastrophe" of the 20th Century.

Boo-hoo...

 

Well it's clearly about Nord stream 2 sanctions and the timing is highly relevant also...I'm taking cover and staying out of this one

 

The political catastrophe Vladimr Putin was referring to, were the over 20 million Russians that found themselves living outside of Russia and in apartheid conditions, on lands that were always theirs and a part of Russia. If you don't think it's a catastrophe, then maybe you better think of it this way. It's the paranoia of those apartheid nations they're living in that Washington's manipulating and it's taking us to the brink of WWIII.

 

Looks pretty terrifying. Don't know how we ever survived 2016. I do recall the pain of $4.00/gal gasoline during the Obama years when he was making buddies with Russia and Iran.

 

Well if they are living under Apartheid conditions life must be pretty cushy.. they will be paying lower taxes, receiving free healthcare... a heart transplant for $1 if they need it and won't need to pay a cent for electricity or water.

Do they live under Apartheid conditions....tick the boxes

 

LOL - Kremlin propaganda got you paranoid, Jenny?

Washington isn't taking us to the brink of WWIII, so there will be no WWIII as long as the revanchist warmongers in the Kremlin don't start one.

FYI, I know what the former KGB agent was lamenting. I certainly hope he's learned a lesson from the demise of the monstrous engine of oppression that he once served...

 

Unless you haven't noticed, the monstrous engine of oppression moved here lock, stock and barrel. Enjoy your future.

Fight and strife is my name
and chaos is my game.

I gear them all to kill and maim
and then covertly flip the blame
to you.

So even though I am insane,
and only think of my own gain,
there is no shame.
It's in your name
and there's nothing you can do. - Jeannette​

 

By apartheid conditions, I meant that they have less rights than the non Russians. The intent of course is to get them to leave, but it's their own ancestral land so they refuse. By not giving them equal rights the way Russia has done to all the 100 plus ethnicities living in the Federation, the governments have become paranoid and fear Russia might suddenly decide to take back the land with the people - which is ridiculous. If anything Russia doesn't need land, what it needs is people.

This is why it's offering free land to any Russian or Slav in the world that wants to retain their language, heritage and religious faith

 

I've lived here all my life and I would know if it had moved here lock, stock and barrel. Enjoy your cartoons and anti-American propaganda.

 

Putin loves war. Apparently, so do you.

 

Ah... the ol' fight against "imperialism."
Why did Lenin, Stalin, Mao and Ho Chi Minh speak so much of "imperialism" ?
Because they wanted their newly minted Communist states to resume the
empires of the governments they overthrew. And of course, to establish a
global Communist Empire upon which the sun would never set. No need any
more for iron or bamboo curtains - there would be nowhere to run.

Communists draw nine-dash lines everywhere.

When you hear a new Communist state chanting "imperialism, imperialism"
start looking around to see what countries they have their eyes upon.