New Oil Order- Diplomacy, Geopolitics and Economics
Hello All!
While the forum has so many intelligent and experienced contributors; I had this idea of why not organize the thoughts and comments and discussions we carry out in a more accessible way?
The idea is to create two threads. One will focus on long term changes, bigger picture analysis, discussions, mostly but not completely related to geopolitics, demand/supply scenarios, trade war, agreements etcetera. The other one will focus purely on trading.
Yes, we cannot separate ne
See attached interview from 2014.
Excerpt:
Will Saudi Arabia Not Cut Production If The Russians Do Not Cut?
First of all, why did we decide not to reduce production? I will tell you why. Is it reasonable for a highly efficient producer to reduce output, while the producer of poor efficiency continues to produce?
That is crooked logic. If I reduce, what happens to my market share? The price will go up and the Russians, the Brazilians, US shale oil producers will take my share
