By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions. We in turn value your personal details in accordance with our Privacy Policy.
Please log in or register. Registered visitors get fewer ads.
The endorsement of the decision to cut production by Putin is a worrying indicator that the war in Ukraine is having further economic effects but what do Saudi Arabia and the UAE get out of the arrangement ?
They get an increase in the oil price which they can then waste on vanity projects and buying military hardware from the US rather than looking after the best interests of their populations.
Worth noting that the US is less exposed than it used to be and in fact was the largest producer of oil in 2021 (in total barrel terms):
OPEC+ acting against the interests of the United States or just business ? on 21:43 - Oct 9 by StokieBlue
They get an increase in the oil price which they can then waste on vanity projects and buying military hardware from the US rather than looking after the best interests of their populations.
Worth noting that the US is less exposed than it used to be and in fact was the largest producer of oil in 2021 (in total barrel terms):
So Putin is deluded if he thinks he can turn the production cut to his advantage ? Worth noting that a day or two after the announcement the United States had a change of heart regarding Venezuela:
OPEC+ acting against the interests of the United States or just business ? on 21:49 - Oct 9 by WeWereZombies
So Putin is deluded if he thinks he can turn the production cut to his advantage ? Worth noting that a day or two after the announcement the United States had a change of heart regarding Venezuela:
Russia's revenues might rise, but they can't buy anything they want - high-end electronics, sophisticated weaponry etc - with it. I doubt very much China would sell them anything, as China really want to play both ends against the middle. They don't want to fall out too much with the west.
OPEC+ acting against the interests of the United States or just business ? on 22:21 - Oct 9 by You_Bloo_Right
"nearly in charge"?
By that reckoning Town are nearly in the top 6 of the Premiership.
UK general election 1987 Conservative 376 Labour 229
It just goes to show that "but Corbyn" is not a new concept. After 12 years of Tory Government, there is still a lot of blame for the mess we are in being thrown at anything other than those who have been in Government.
By continuing to use the site, you agree to our use of cookies and to abide by our Terms and Conditions.
