Oil prices crash 27% and counting, as the new oil wars begin, when Russia decided not to give in to Saudi Arabia and OPEC’s request to cut down production by 1.5 million of barrels per day.
Continue reading Oil Wars Between Russia & Saudi Arabia May Destroy U.S. Shale Oil Industry InsteadTag Archives: opec
Bankruptcies on Energy Companies Have Begun
As expected, Saudi Arabia’s deliberate increases in oil production has not crippled Russia but Western energy companies only.
Continue reading Bankruptcies on Energy Companies Have Begun