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25/11/15
11:04
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Originally posted by dbrov
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I have a question about OPECs I'm hoping someone can help me out with.
There plan is to suffocate high cost producers out of the market through low oil prices, naturally reducing supply. But no OPEC countries balance sheet can handle this price long term, not even Saudi. So once the price does recover, isn't the time it takes for high cost producers to re commission there rigs the only material gain they've gotten of this entire ordeal?
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IMHO the 'game' is to suffocate the Russians.
Suffocate their gas supply through the Black Sea, end their only ice free port there.
Suffocate their relations with the Syrians and end the Russian reliance on the Med port they have used in Syria for the last 30 years.
The Saudis are actually acting in concert with the yanks to starve Russia out, IMHO of course.