Russia beats Saudi in oil sales - DFWstangs Forums
 
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post #1 of 6 (permalink) Old 09-08-2009, 09:41 PM Thread Starter
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post #2 of 6 (permalink) Old 09-08-2009, 09:55 PM
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Short-term this is good for American consumers.

Long-term this will prove to be a giant clusterfuck for whoever is in power in this country.

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post #3 of 6 (permalink) Old 09-08-2009, 11:10 PM
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in THIS country?

How so?

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post #4 of 6 (permalink) Old 09-08-2009, 11:52 PM
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in THIS country?

How so?
US/Russian relations aren't exactly peachy these days and he who owns the oil wields a rather large stick with which to do what he will. We get along much better with the Saudis than we do the Russians, so I'm merely interested in seeing how this plays out.

Russia is currently doing its best to maintain a rather capitalistic heading, but there is very little stability in the power there. We know how the Saudis will react to any number of scenarios; predicting the reactions of the Russians will probably prove to be much more difficult.

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post #5 of 6 (permalink) Old 09-09-2009, 07:56 AM
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Quote:
Originally Posted by Slowhand View Post
US/Russian relations aren't exactly peachy these days and he who owns the oil wields a rather large stick with which to do what he will. We get along much better with the Saudis than we do the Russians, so I'm merely interested in seeing how this plays out.

Russia is currently doing its best to maintain a rather capitalistic heading, but there is very little stability in the power there. We know how the Saudis will react to any number of scenarios; predicting the reactions of the Russians will probably prove to be much more difficult.
Just like in the old days,

Land=Money=Power

Now it is

Oil=Money=Power

I agree 100% with you, it will be interesting to see how this plays out.

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post #6 of 6 (permalink) Old 09-09-2009, 12:38 PM
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Don't forget that the OPEC countries are throttled back to try to boost oil prices. Just because those capitalist pigs from Mother Russia eek by them in production this month doesn't make me think that they'll soon be big, bad oil barons.

I'm willing to bet that the Saudis oil extraction technology eclipses Russia's and their lead in production will definitely be short lived.

However, this event has surely caught the Saudi's attention and may put a damper on what I believe is a plan to boost prices up to satisfactory levels, hedge them and then flood the market with their oil while we sink back into the early 80's crunch.


It's all theories and speculation, of course.

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