MCViewPoint

Opinion from a Libertarian ViewPoint

Posts Tagged ‘oil and gas production’

The Coincidence Of Russia’s Rise And Oil’s Fall

Posted by M. C. on December 16, 2014

The price of oil has been dropping for quite a while. Why no clamor from OPEC to reduce production? Because the US told them to keep quiet. It likely did not take much coaxing.

Saudi Arabia has two problems. US energy independence and Russian oil and gas production. Three problems if you count the cost of training and equipping Sunni terrorists. Training terrorists, even slobbering zealots, isn’t cheap these days. Read the rest of this entry »

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