Tuesday, December 23, 2014
Oil Price Slump, Saudis and US Weapon To Topple Regime In Russia and Iran
Global oil prices have fallen so sharply in the past six months, almost half what it sold six month ago,this have been felt in all countries that derive their revenue from crude sales.
The United States and Saudi Arabia are using this to punish and cause serious havoc on enemies countries like Iran
Russia which depend on oil for it revenue to run it government is witnessing its account running dry due to price crash of oil, it is clear it cannot continue to run it oppressive government and aggressiveness against other neighboring country, at a price as low as 58.50 dollars is way too low to keep Putin's government afloat, with huge sanction eating the country hard.
There is panic in Russia with the value of Rubies falling Money is leaving the country for fear, a similar fall in oil price was a major factor that brought the collapse of Soviet Union in 1991
Saudi Arabia sees Iran as a political and religious foes in the gulf region, with Iran supporting regime of Assad of Syria due to religious affiliation, need the oil price to rise to enable it run its crippled economy by long standing sanction which the Saudis are not willing to help out.
The Saudis can survive 1-3 years of low oil price, but Moscow doesn't have the capacity to stand the heat,the Saudi know this,they want Putin to pay for selling advance weapons to Iran and support for Assad regime
Surprisingly America has overtaken Saudi Arabia, now the largest producer of oil through fracking,a technology which The US is the world leader,the only positive thing in this price decline is buying fuel at the gas station cheaper.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment
Add a comment