article thumbnail

Opinion: OPEC Divorce And Self-Destruction Thanks To Saudi Oil Strategy?

Green Car Congress

If you are the world’s leading energy economy, you produce energy, that’s what you do.”. “A Of this, the Saudi government will finance $239 billion, while private investors will finance $79 billion, as well as investments in refining (which it does not specify). by Dalan McEndree for Oilprice.com. “If If You’re a Government.

Oil 150
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Energy is the foundation of Russia, its economy, its government, and its political system. They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. The emergence of the U.S., This has transformed the U.S.

Russia 150
article thumbnail

Opinion: Saudis Could Face An Open Revolt At Next OPEC Meeting

Green Car Congress

million barrels per day in 1H 2015, in part because as Russia's economy contracted, reducing domestic crude demand to 3.47 in Russian and Soviet history, Soviet economics, and International economics, and MBA in finance and marketing. Moreover, Saudi policy, combined with the impact of U.S. million barrels/day in 2014 to 7.55

article thumbnail

Opinion: Saudi Oil Strategy: Brilliant Or Suicide?

Green Car Congress

National oil producers can and are shifting the cost of the lowered prices to other sectors of the economy. for example, has ended fuel subsidies, thereby essentially, increasing its budget revenues, while Saudi Arabia recently floated a $4-billion domestic bond offering to help finance its budget. a durable decrease in output?