Posted on 10/10/2015 7:46:54 PM PDT by 100American
U.S. President Barack Obama tried to convince the King of Saudi Arabia to coordinate actions in the oil market to reduce world oil prices, the main source of Russia's export revenues, and "punish its behavior" in Crimea. Experts estimate that if the prices are reduced by as little as 12 dollars per barrel, the Russian Federation will lose $40 billion in revenue. There has been a precedent, because this is precisely how the USSR collapsed. Before Obama's visit to Saudi Arabia, the U.S. media was discussing options of "punishment" for Russia with sanctions for its "behavior in Crimea." The first option was proposed by an American financier George Soros. According to him, every day the U.S. could offer for sale 500-750 million barrels from its strategic resources (SPR) estimated at 700 million barrels, which should lead to the decrease in world oil prices by about $10-12 dollars per barrel. Immediately after the formal reunification of Russia and Crimea, the Obama administration gave orders to sell 5 million barrels of oil from the SPR. -
(Excerpt) Read more at english.pravda.ru ...
More likely Russia and Persia will destroy Saudi Arabia.
House of Saud is a house of cards.
It’s Pravda so it needs to be taken with a grain of salt. But they do indirectly make one very valid point. The boy in the Oval Office has found a box of matches and is playing with them constantly.
From the other story you posted, once again 0bama is too late and already checkmated. The Saudis are cutting their deal with Russia and we aren’t part of it.
Problem is the idiot will bankrupt 1/5 of our economy as well. For him its a win win because he hates fossil fuel producers anyway. For the rest of the country it puts a lot of people out of work from good paying jobs.....
Selling part of the SPR is a national security issue...
Obama is....fill in the blank...
We should be buying oil for the reserve while its cheap.
If Russia decides to occupy Saudi Arabia, I suggest we send Seal Teams in to grab the Bribe List before it falls into unfriendly hands. Don’t want to see our whole government in orange jump suits.
I remember when we captured Saddam’s bribe list. We blacked out half the names. I figure the Saudi list would make that one look like Amateur Hour.
Good point. Notice that the Israelis and Saudis are both looking to Putin.
And one day he's going to get burned, hopefully standing next to a gas pump...
I seem to recall an island nation in the Pacific that was cut off from its oil supply. Started a hell of a mess. As I remember it we called it WWII.
True that, we cut off supplies because of their invasion and occupation...
Bushido..
To the end...
Russia goes after ISIS, Obama throws a tantrum. Russia must be punished. I think the dirty little secret is that US have allied with ISIS all this time. Now everything make sense
“We should be buying oil for the reserve while its cheap.”
No OJackass, he buys high and when oil is at an all time low, he SELLS!
I tend to believe Obama got the Saudis to break the frackers especially since it encompasses mostly red states. Hurting Russia was just a side benefit.
good point, buy up on the cheap and then turn up the volume on the backside...
PAyday
If you’d like to be on or off, please FR mail me.
..................
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.