Low Gas Prices..

[Oberon]

Originally Posted by Tribesman

Or is it the Saudis increasing production to push the US shale industry to the point where they can't afford to extract the oil?

Ooor, the Saudis being leaned on by the US to increase production to undercut a certain nation who the US has not been on good terms with lately which exports a lot of oil to Europe...

[Oberon]

Originally Posted by Tribesman

Or do you mean Russia

[Oberon]

Originally Posted by Tribesman

Yeah, but I can't see it backfiring.
Localising effect is impossible in a global market.
The effect on US shale gas is already mentioned.
This could be a re-run of their attempts to screw Cuba by wrecking the sugar market. It resulted in the US sugar industry going for a burton and the switch to highly subsidised highly unhealthy HFCS.

Exactly, I mean we're not talking about high grade Machiavellian actors here...