Oil Wars 2016 - US vs Russia vs Saudi Arabia vs Iran

[Lodestar]

Oil Wars 2016 - US vs Russia vs Saudi Arabia vs Iran
The oil price collapse is having a devastating impact on ALL of the worlds major oil producers as it's not just a case of what is the break-even price but the price necessary to finance government budgets that are now in deep deficits which has been triggering increasing global instability as the price has slid to $30. In fact the budgets of virtually every major oil producer requires an oil price north of $80 just to break-even. With several such as Russia requiring $100+. Furthermore the oil price slump of 2015 has played a large part in sparking economic mass migration out of African oil producers such as Nigeria whose government requires an oil price of $120 to balance it's budget.

http://www.marketoracle.co.uk/Article53690.html



CNN - Oil wars: The view from Iran
http://www.cnn.com/videos/business/2016/01/17/iran-oil-wars-final-defterios-pkg.cnn

[Lodestar]

1. 5 Oil Wars That Ended in Disaster

http://nationalinterest.org/feature/5-oil-wars-ended-disaster-14885