Yeah, I think that it’s really messing Vlad up quite a bit. Tough to pay for all his toys and deal with the embargoes in place from the West and the EU when one of his major exports is tanking. Im curious to see if he tries to cut off Eastern European natural gas as winter closes in.
A good Planet Money the other day (I think it was Planet Money) about OPEC and how the players are constantly cheating each other over sneaking oil out when they have agreed to a particular level of production. There were a number of descriptions of how various countries “cheat” on OPEC production limits so they can generate more $$$. Dan > On Dec 1, 2014, at 1:07 PM, Curly McLain <126die...@gmail.com> wrote: > > No suspicion. That was the announcement over the weekend after the last opec > meeting. They refused to cut production to try to put the frackers out of > business. They are deliberately lowering oil prices to put competition out > of business. It is a global price war. Unfortunately, not much of it has > shown up at the pump. > > They are trying to strengthen their position long term by eliminating > competition. > > It is also putting the squeeze on Vlad and the Norge. _______________________________________ http://www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://mail.okiebenz.com/mailman/listinfo/mercedes_okiebenz.com All posts are the result of individual contributors and as such, those individuals are responsible for the content of the post. The list owner has no control over the content of the messages of each contributor.
