General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsMBS escalated the oil-price war AFTER talking to Trump.
Link to tweet
I'm out of clicks, but here is the Bloomberg article: https://www.bloomberg.com/news/articles/2020-03-10/putin-and-mbs-draw-trump-into-grudge-match-for-oil-supremacy
exboyfil
(17,862 posts)sandensea
(21,600 posts)uponit7771
(90,302 posts)Spider Jerusalem
(21,786 posts)fracking has led to a spike in atmospheric methane (methane is 86x more potent a greenhouse gas than CO2): https://www.nationalgeographic.co.uk/environment-and-conservation/2019/08/fracking-boom-tied-methane-spike-earths-atmosphere
Coleman
(852 posts)do damage to Russian oil industry since Russia chose to cut prices to hurt the US oil industry, whil OPEC increased production instead. If IQ45 made a deal, Putin is going to be upset.
MLAA
(17,250 posts)AwakeAtLast
(14,123 posts)Baitball Blogger
(46,684 posts)Wellstone ruled
(34,661 posts)When they did the Aramco Oil IPO,one knew there was this possibility was or could happen. They raised more than a trillion dollars which gives them a financial Cushion to prevent a Overthrow of the King as well as support their Political Causes around the World.
One of Bloomberg's Oil Economic Guru's predicted this last November or December. Yes,they wanted to hit the Shale Guy's,but,what is interesting is,the Saudi and Other Soverign Wealth Funds in the Middle east hold those junk rated bonds issued by the Shale Drillers.
Hekate
(90,557 posts)...has financial news. (Basically he said what Rex Tillerson said about Trump.)
The other one was just when the stock markets started to really tank & I read something here -- he ran to the computer to confirm and immediately canceled a bunch of stuff he'd recently initiated.
Thank, DU.