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(51,078 posts)

5. For Russia, the low prices are destroying their oil industry

Sun Apr 12, 2020, 10:41 PM

Apr 2020

It also hurts the US shale oil industry. Trump will do anything Putin wants.

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21 replies

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Highlight:

OPEC, oil nations agree to nearly 10M barrel cut amid virus [View all] Omaha Steve Apr 2020 OP

This orangecrush Apr 2020 #11

Trickle down economics is a bitch, eh? docgee Apr 2020 #4

For Russia, the low prices are destroying their oil industry IronLionZion Apr 2020 #5

+1000 padah513 Apr 2020 #10

But, They Have To Cut Anyway ProfessorGAC Apr 2020 #14

There are multiple factors at play here IronLionZion Apr 2020 #16

The Prime Factor Is Storage ProfessorGAC Apr 2020 #17

Lack of storage will force them to cut production even more IronLionZion Apr 2020 #18

Agreed ProfessorGAC Apr 2020 #20

Because the (Shale) Oil Industry in the US is Highly Leveraged modrepub Apr 2020 #15

10% reduction in production vs safeinOhio Apr 2020 #6

I was going to post the same thing, gab13by13 Apr 2020 #8

A day latter, we called it... safeinOhio Apr 2020 #21

First off, Miguelito Loveless Apr 2020 #7

Trump will give billions in bail out to the frackers. gab13by13 Apr 2020 #9

Environmentally speaking MosheFeingold Apr 2020 #12