Horn
19th October 2015, 11:14 PM
And the Winner is…
Despite the intense pain they are suffering in the low price Crudedome, both the Russian and Saudi governments profess for public consumption that they are committed to their volume and market share policies.
This observer believes the two countries cannot long withstand the pain they have brought upon themselves—and this article only scratches the surface of the negative impact of low crude prices on their economies. They have, in effect, turned no pain no gain into intense pain no gain and set in motion the possibility neither will exit the low price Crudedome under its own power.
Article Source: http://oilprice.com/Energy/Oil-Prices/Oil-Market-Showdown-Can-Russia-Outlast-The-Saudis.html
Despite the intense pain they are suffering in the low price Crudedome, both the Russian and Saudi governments profess for public consumption that they are committed to their volume and market share policies.
This observer believes the two countries cannot long withstand the pain they have brought upon themselves—and this article only scratches the surface of the negative impact of low crude prices on their economies. They have, in effect, turned no pain no gain into intense pain no gain and set in motion the possibility neither will exit the low price Crudedome under its own power.
Article Source: http://oilprice.com/Energy/Oil-Prices/Oil-Market-Showdown-Can-Russia-Outlast-The-Saudis.html