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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.

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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.