USA will bleed green form selling oil.
Germany’s in the process of (a) shutting down all their coal-fired generators, and (b) dismantling all their nuclear power plants.
No, Obama’s Anti-Energy, Anti-Industial, Anti-Capitalist, policies are what will cause “the West to Bleed”!!!
Joke’s on you, Vlad.
Janet Yellen is already destroying the dollar. Squashing your oil profits can’t hurt us there.
Russia has deliberately structured it’s economy to resist foreign pressure staring about 15 years ago.
Putin is feeling his oats.
Mr. Putin is whistling past the graveyard. Oil prices are now disconnected from physical supply and demand and are entirely a function of bloated futures trading on the NYMEX. Indeed, world crude stocks and supply are more than adequate for needs and the world is effectively awash in oil. A simple signal from Washington to the hedge funds and other unknown buyers who have propped up the NYMEX contract could tank oil quickly to $50 or less, as happened when the Russians invaded Georgia in 2008. Yes, US upstream companies would suffer. But the US would get a cold and Russia would get pneumonia. Oil-importing China would breathe desire — for a while.
Russia needs the money too much. They can supply China but Europe will just find other sources. Then Putin loses his customer base and he is reduced to dealing with China. And China plays hardball.
"And that's how we get rid of Moose and Squirrel."
Sarah et al were right, drill, drill, drill and we wouldn’t be in this mess.
We need to drill for oil, build refineries and frack for gas. Also, build some nuke plants and energy costs could go down significantly.
USA has biggest oil reserves in the world.
Especially the best kind for refining, light sweet crude.
USA will be the biggest producer of oil.