Posted on 02/16/2016 3:13:27 AM PST by Olog-hai
Russia's energy ministry says it has agreed with Saudi Arabia, Qatar and Venezuela to freeze oil production levels if other producers do the same. [...]
Getting other producers to go along with that could be tricky. Prices have fallen sharply slump in prices since summer 2014, leaving producers scrambling to win market share from competitors. ...
(Excerpt) Read more at bigstory.ap.org ...
I knew something was up. Stocks are all better now. Nothing has really changed but it’s time to buy.
The fix is in and the money is about to roll into Wall Street, bankers and crony capitalists.
When we don’t get mentioned along with Saudi Arabia, something is veeeeeery wrong.
The money may not be flowing that way this time.
That’s great, it leaves more of the market for our US frackers.
Someone always cheats
I guarantee you that American fracking companies will go fullbore production the second these pukes freeze their quotas.
Putin should agree to join OPEC, and volunteer for the role of quota enforcer. You produce too much oil, his guys will talk to you about things, if you know what I mean. “That’s a nice oil well you got there, it would be a shame if terrorists attacked it, wouldn’t it?”
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