Quote:
Originally Posted by irokcj5
I don't know how much the US can affect oil price, but one has to wonder if the US in collaboration with Saudi, is purposely lowering prices crash Putin's war machine. Think about it, 3 months ago, Putin was the big dog on the block, was begining to look like a major world leader. He pushes too far with Ukraine, boasts about surveilance flights in the GoM, gets a deal with China to fund bases in Cuba, Venezuela, has subs entering Norways waterways, flying near US airspace in Alaska, flying over NATO countries airspace. All this within the past 3-6 months. Now he is being crippled and Russians are turning against him. Seems to me more than co-incidence. Sad thing is, if true, is that the working class families are the pawns that get sacrificed. 2015 will be interesting.
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Don't forget the embargo on western food products.
Russia is number 2 in the world for oil exports, it's half their economy. America and SA are no doubt in bed and I think your theory is spot on. I've heard it said that the Saudis will push it down just until a gold begins on small drillers then bump it up to just above sustainable - for every dollar it drops the Russians lose a couple billion bucks/yr.
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