Say goodbye to cheap gas - Russia, Saudis offer oil output freeze

[petros]

Isn't that the gay one?

 

[Sons of Liberty]

Wrong. Its economic warfare over NG pipeline routes. If Assad wins Gazprom gets right of way. If Rebels win and Syria gets Democracy Saudis, Americans, Canadians, Jews, Palestinians, Egypt, Lebanese bust gazprom's EU monopoly and taxpayers get to fund it all through fake climate change taxation scams.

Yeah wrong, supply and demand has absolutely nothing to do with it. :roll:

 

[CDNBear]

It's truly sad that when the conbot agenda on the economy falls to pieces, they have to pivot to making up terrorists.

You make up terrorists all the time.

 

[petros]

Yeah wrong, supply and demand has absolutely nothing to do with it. :roll:

This isn't tied to oversupply? That never happens in economic warfare does it?

 

[Bar Sinister]

Sure it is, and it keeps on being a winner as long as OPEC and the Russians remain giving away huge volumes of their oil at rock bottom prices.

The resources in the ground in Western Canada and the States will still be there long after the aforementioned groups stop having a 2 for 1 sale.

Hell, the usual suspects are also getting shafted because these low prices have eliminated any momentum in the green and ecotard fields so I see it as a win-win

Actually it has eliminated any momentum in the tar sands and the shale oil industry. Solar and wind are just getting started and despite your whining they are not going to go away.

 

[DaSleeper]

Ecotard!

 

[Curious Cdn]

They are freezing petroleum output at the VERY HIGH January levels. Say hello to cheap gas far the foreseeable future. This seems to be about crushing more expensive sources of petroleum, like the oil sands.

 

[B00Mer]

Ecotard!

Lots of them on CC... :lol:

 

[MHz]

You spelled 'us' wrong bloomer.

Saudi has bigger fish to fry, or so they think as they are looking to be able to control the flow in Iraq and Syria as it goes north to the western EU. Saudi will be linked to Africa and they will just be developing so building the infrastructure so actual output will be very small at first and larger 70 years down the road.

 

[EagleSmack]

Actually it has eliminated any momentum in the tar sands and the shale oil industry. Solar and wind are just getting started and despite your whining they are not going to go away.

As long as they are subsidized of course.

 

[MHz]

Actually it has eliminated any momentum in the tar sands and the shale oil industry. Solar and wind are just getting started and despite your whining they are not going to go away.

Considering the return on investment having them shut down is not a loss as far as the ability of the area to 'function'. Knowing it is there as a 'reserve' is all that is needed for now. Oil at any price is when they will kick in again.