[SeekAndFind]

RE: Reasons to love low oil prices:

Stick it to the Saudis who no longer control the oil market.

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Vladimir Putin needs oil prices well over $100 a barrel to keep Russia’s version of Big Oil, Rosnoft, profitable.

We are already significantly below that number; and since the Kremlin gets more than half its revenues from oil and gas sales, the current fall in prices in both commodities world-wide spell big trouble for Putin’s big plans for expanding Russia’s military — and for the Russian economy.

[CPT Clay]

They may not be able to ‘afford’ to cut of nat gas to Ukraine this winter.