That sounds like the kind of thinking that a businessman would come up with.
Agree.
Russia is letting her currency depreciate. Its economy is shrinking. However, this may not be enough to restrain Russia. Putin is more or less running war-time economy now.
I don't mind Russia taking down Turkey/ISIS and doing severe damage to Gulf oil country nutjobs who are sponsoring all kinds of Jihadis, before Russia and Iran bleed enough and have to retreat. This could be good for Ukrainians. Russia has to cut back on her venture in Ukraine as well as his encroachment into Eastern Europe.
I like the way you think! Both Russia and Iran are oil driven economies so the best way to fight them is through oil. Even Saudi Arabia and much of OPEC would be on board with this to counter Iran.
FRegards
Agree with the decriminalization of exporting oil and gas. But Who pays the subsidies required to cause privetly owned property to be sold at below market rates?
Why would we want to shatter the Russian economy? What have they done to us, besides start destruction of ISIS when we “say” we are for that exact thing. Why is war always the answer, whether it be economic, cold or hot? How about let our corporations figure things out themselves? There is only one reason to “go hot” on another nation, that is because to not do so means we as a nation could perish.
Russia, IRan and the Assad regime are the only forces that are giving the ancient Christians in the middle east a chance to survive. Why would we want to stop that?
Obama does not want oil prices to drop. This would hurt ISIS black market. Obama really wants ISIS to prevail there. Why be against the Keystone Pipeline, lifting exports etc? Because it will lower oil prices, and this hurts ISIS and of course the economy of the people buying the oil.
We truly have an evil man in the WH who has no affiliation or loyalty to the USA, but to Islam.
Check the price of crude oil. Way down as the Saudis are pumping like crazy. You are correct that this hurts Russia ,Iran, as well As Venezuela.
Your idea will hurt a bunch of countries, our friends included. Here at home the low price of oil is hurting our oil industry. Wells are being capped because they lose money on every barrel pumped. Drillers are going bankrupt.
This was the Saudi plan. Keep supply high as demand slows with the purpose of driving the US frackers out of business. It’s working. New drilling in the US is down substantially.
The US cannot undercut Turkish oil prices as much of that oil comes from ISIS’s captured wells - essentially free oil from captured producing wells. ISIS can always undercut our price & Turkey is lapping it up.
I am confident that the current combination of low oil prices & an expensive war in Syria, which I believe could last years, will do significant damage to the economies of Russia & Iran. Whether Putin & the Iranians care or not is questionable. Both are out for conquests & the inevitable spoils that come with them.
Finally, it is worth remembering that Japan attacked the US precisely because of the US oil/steel embargo on it. Putin will not sit idly by if the US plays war games with oil.