Oil Market Showdown: Can Russia Outlast The Saudis?
Both Saudi Arabia and Russia paint positive portraits on current and future economic performance
By Oilprice.com Dalan McEndree—— Bio and Archives--October 19, 2015
Global Warming-Energy-Environment | Comments | Back To Full Article
"Two men enter, one man leaves, two men enter, one man leaves, two men enter..."
Mad Max: Beyond Thunderdome
November 27, oil consuming countries will celebrate the first anniversary of the Saudi decision to let market forces determine prices. This decision set crude prices on a downward path. Subsequently, to defend market share, the Saudis increased production, which exacerbated market oversupply and further pressured prices.
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