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The Russo-Saudi Powerplay Against US Shale Oil
From:
Albert Goldson --  Indo-Brazilian Associates LLC Albert Goldson -- Indo-Brazilian Associates LLC
For Immediate Release:
Dateline: New York , NY
Sunday, March 15, 2020

 
The Saudis and Russians have strong incentives to “neutralize” US shale oil dominance.

The Saudis can stymie US shale oil production by flooding the market with additional output and pushing oil prices far below the breakeven point for US shale oil firms already under financial stress.

With no production quota agreement OPEC exists as a legal entity, not a functioning cartel, which now compels its members to increase production to maintain revenue and market share.

In a classic case of misdirection with respect to a Saudi-Russian rivalry, I believe that the Saudis and Russians are coordinating a two-pronged effort to undermine the US shale oil industry.

Indo-Brazilian Associates LLC provides the particulars on this disturbing and possible dire trend on the following link:

https://seekingalpha.com/article/4332047-russo-saudi-powerplay-against-u-s-shale-oil



 
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