I believe Oil production is roughly half of the Russian economy. It's no coincidence that the OPEP and the Americans keep pumping like there's no tomorrow. It wouldn't be the first time they unite to drive the Russians down. Saudi Arabia and USA can take the hit, not Poutine.
- QuebecPride

Saudi Arabia's dependence on oil revenue is even higher.

My point is that the country with the worlds 4th largest oil reserves that was putting out 3.7 million barrels per day pre-sanctions will be back on the market. The price of oil won't be rising significantly anytime soon.
- golfingsince

Ok, I see now and I agree

I hope it rises slowing (like dead chickens chicken)..

At least for a year or two.

Saudi Arabia's dependence on oil revenue is even higher.
- golfingsince

No doubt, but they produce at a much cheaper price than Russians. They're still making loads of money even with the barrel at 64$. As I said, USA and Saudi Arabia can take the hit, not Russia.

Ok, I see now and I agree

I hope it rises slowing (like dead chickens chicken)..

At least for a year or two.
- pete26

The one thing AB has going for it is that if the Russians keep producing like they are now they'll be running out of oil in about 20 years.....unless they find new sources.

No doubt, but they produce at a much cheaper price than Russians. They're still making loads of money even with the barrel at 64$. As I said, USA and Saudi Arabia can take the hit, not Russia.
- QuebecPride

I've read its north of $80for Russia .

And good night.

No doubt, but they produce at a much cheaper price than Russians. They're still making loads of money even with the barrel at 64$. As I said, USA and Saudi Arabia can take the hit, not Russia.
- QuebecPride

Cost of oil production in Russia averages $40/barrel for current fields.

I've read its north of $80for Russia .

And good night.
- pete26

You too Pete

Here, some morning coffee read

http://www.globalresearch...h-down-oil-prices/5421890

You too Pete

Here, some morning coffee read

http://www.globalresearch...h-down-oil-prices/5421890
- QuebecPride

Of course they want the price to be higher, but they're not going to curb production so they can have even less. Anyways, would love to debate this with you but I just got called into work.

Of course they want the price to be higher, but they're not going to curb production so they can have even less. Anyways, would love to debate this with you but I just got called into work.
- golfingsince

Have a good day bud!

Have a good day bud!
- QuebecPride

Yeah, it's not a tap out. I got ordered for 0230.

Considering the assets owned by Russia, their debt is easily solvable.

Yeah, it's not a tap out. I got ordered for 0230.

Considering the assets owned by Russia, their debt is easily solvable.
- golfingsince

Coal still running strong here. Sell it to Central Asia and China. Killing the planet

Coal still running strong here. Sell it to Central Asia and China. Killing the planet
- AdamFrench

how are the locusts?

how are the locusts?
- DoubleDown

His in-laws are visiting?

how are the locusts?
- DoubleDown

We're under a state of emergency, but this region is often plagued by locusts and little comes of it. In 2014 there was the same thing here and only like 1% of the crops got killed.

www.oilbuzz.com

how are the locusts?
- DoubleDown

Is it Pesach already?

www.oilbuzz.com
- Tee-Dot

Remember when you stopped coming here for an extended period of time?

Remember when you stopped coming here for an extended period of time?
- hscesq

I dont

Is it Pesach already?
- hscesq

nice

I dont
- WaterBoy

It was glorious.

It was glorious.
- hscesq

remember when him and stormey were both not around?

remember when him and stormey were both not around?
- DoubleDown

Double dose of gloriousness.

Remember when you stopped coming here for an extended period of time?
- hscesq

Yes, and I truly apologize for that absence.

Double dose of gloriousness.
- hscesq

I just fixed a flat on my bmx.

Gonna ride it to work this morning.


No glory at all

Yes, and I truly apologize for that absence.
- Tee-Dot

If you really mean it, then never come back.