We are living in very perilous times folks. Falling oil prices.....yea! Not so yea when you realize the global politics behind it.
Most folks believe the dramatic plunge in the price of oil is a direct result in new fracking technology. Well to some degree, this is true. What the average working stiff does not see is a cold war being waged against Russia and Iran.
This silent/covet war was designed to foment civil unrest in the heartlands of both Russia and Iran. Recent reports of cyber warfare have begun in an effort to enhance the ability to bring down critical infrastructure.
Militarization of space is often mentioned in the news these days. China/Russia/Iran/N Korea all working to increase their ability to knock out U.S. satellites that give us battlefield advantage.
China has for two decades sought military solutions to America's overwhelming naval advantage....research China's sunburn missile system.
Putin sees the west and NATO as their primary adversary. He will not allow this latest attack on their economy/ruble to go unchecked. Putin will respond. My prediction? Fasten your safety belts, it's gonna be a bumpy year.
The increase in oil prodcution and decrease in price is because of fracking, mainly from the US.
SA has not increased oil production. They have decreased oil production.
Russia produces more oil than any country in the world. Why should SA and the US decrease their oil production to save a Putin mismanaged country that produces more oil?