Quote:
Originally Posted by AndrewM
Saudi's cannot sustain low prices or the high rates they are stating they can for very long. Russia hasn't really cut anything over the past few years. I think think this is designed to kill the shale plays and has little to do with competing with each other as neither wants to give their oil away.
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You can look at this another way OPEC is an American Ally due to petro dollar. Russia is not. This is a economic war between Putin and Trump. Trump also wants low oil prices. It’ll be here for awhile, and the market is expecting that.
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