Russia, Iraq, Iran: Which Will Be Sunk by Falling Oil Prices?

December 3, 2014

Zachary Fillingham

Texas Oil Pump CC Flickr Paul Lowry

 

Oil plummeted into the low $60s following OPEC’s surprise announcement last week that it will be maintaining its production quotas. Prices have since clawed their way back towards $70. It’s clear that we are entering uncharted territory in terms of global energy markets, and it’s difficult to say who will emerge winners and losers over the long-term. That mostly depends on who blinks, or in this case bankrupts, first.

Over the short-to-medium term however it’s much easier to see where the economic pain will be felt. Put simply, OPEC’s strategy can be viewed as precipitating a period of low prices in the hope of a more extended period of high prices in the future. But not all OPEC governments can weather this interim period of low prices equally. Some are already presiding over sectarian conflict, debt, overstretched budgets, and razor-thin profit margins on oil extraction.

This article will identify the governments most at risk and examine how long they can hope to hold out.

 

 

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  • 101Truth101

    How about USA and Canada in that equation? USA has already ‘sunk’ Iraq. Now, its crosshairs are on Russia and Iran. That will bring us all down. Sheer stupidity. And, it all began in 1990s ex-Yugoslavia. Canada is the yelping little puppy dog that does USA’s bidding. They all sink, some may take a bit longer. As to Russia, don’t bet on Russia sinking soon. Those Russians haven’t forgotten history. Americans never knew history, thinking it would be all clear sailing. Not so, and USA need only to look in the mirror to find the cause of the downfall.

    • deeegeee

      I would agree mostly with what you say about Russia except in it’s history of revolution and wars no-body outside if the politburo had anything to lose.This time there is a substantial Russian middle class who DO have a lot to lose.We know how short our own history memories are !

      • 101Truth101

        All I can say in reply is, ‘Don’t keep that history memory too short.’ USA is not the USA of Geo. Washington. It is now, unfortunately, run by corporate interests and (esp. since the baby boomer presidents) an ally of Saudi Arabia. We only need to do the research re human rights, etc.

        • AND yes; Saudi Arabia. A USA ally.

          How Zbigniew Brzezinski created Al-Qaeda and Taliban

          https://www.youtube.com/watch?v=nA7E6EVXl1A

          Estonian Foreign Minister Urmas Paet and Catherine Ashton discuss Ukraine over the phone
          Officers of Security Service of Ukraine (SBU) loyal to the ousted President Viktor Yanukovich have hacked phones of Estonian Minister of Foreign Affairs Urmas Paet and High Representative of the European Union for Foreign Affairs and Security Policy Catherine Ashton and leaked their conversation to the web.

          https://www.youtube.com/watch?v=ZEgJ0oo3OA8

          “There is now stronger and stronger understanding that behind the snipers, it was not Yanukovich, but it was somebody from the new coalition,” Urmas Paet said during the conversation.

          “I think we do want to investigate. I mean, I didn’t pick that up, that’s interesting. Gosh,” Ashton answered.

          The call took place after Estonia’s Foreign Minister Urmas Paet visited Kiev on February 25 at the peak of clashes between the pro-EU protesters and security forces in the Ukrainian capital.

          Paet also recalled his conversation with a doctor who treated those shot by snipers in Kiev. She said that both protesters and police were shot at by the same people.

          “And second, what was quite disturbing, this same Olga [Bogomolets] told as well that all the evidence shows that the people who were killed by snipers from both sides, among policemen and then people from the streets, that they were the same snipers killing people from both sides,” the Estonian FM stressed.

          Ashton reacted to the information by saying: “Well, yeah…that’s, that’s terrible.”

          “So that she then also showed me some photos she said that as a medical doctor she can say that it is the same handwriting, the same type of bullets, and it’s really disturbing that now the new coalition, that they don’t want to investigate what exactly happened,” Paet said.

          The Estonian FM has described the whole sniper issue as “disturbing” and added, “it already discredits from the very beginning” the new Ukrainian power.

  • David E.H. Smith

    ‘But, WILL CHINA, INDIA, The Muslim World, et al, SUPPORT PUTIN (BRICS, et al); The WHITE KNIGHT?’

    Higher Taxes (But, No “NEW” Taxes), More Cuts to Services to Pay Secret TPPartnership Tribunal Penalties; NON Shareholders Have to Pay SHAREHOLDERS, corporate Japan, America, et al.

    How Much are You Selling your Right to Sue the Global Corporate Economy for?

    HOW to DISCOURAGE CORPORATE USA, et al, “Need” to FLEECE NON-Shareholders & GLOBALLY EXPAND $17 Trillion DEBT; SECRET TPP, CETA, et al, GLOBALIZES WALL ST.’s UNREGULATED TRANSGRESSIONS? TOO Big, BigGER, BIGGEST for “ARRANGED” FAILURES?

    TPP/CETA/C-CIT Treaties; SUING The Global Corporate Economy; the harmless NON Shareholders. “Coveted” HK Investor; BUY GOLD?

    It will be good for, not only the NON shareholders of the enterprises that will be generated by the on-going global “cooperation” of corporate treaties, agreements, partnerships, et al, including the China – Canada Investment Treaty, The Trans Pacific Partnership, the EU – Canada CETA,
    but,
    for the potential shareholders, as well,
    who are quite interested to know if President Xi Jinping (China) will support Russia as a co-member of B.R.I.C.S. when President Putin uses his potential role as “The White Knight”.

    And, while President Putin’s potential support as “The WHITE KNIGHT” in the development of the CETAgreement, et al, litigation below can dramatically off-set the hundreds of billions of dollars due to the present & future sanctions leveled by American led, et al, corporations & financial institutions via their governments’ signing their global corporate economic treaties/”arrangements”,

    and the potential for making trillions of dollars for the Russian economy over the next 30 – 40 years & beyond,
    are the citizens (SHAREHOLDERS & NON shareholders) of Germany & JAPAN just being prudent in wanting to wait for the outcome of:

    1) the submission to The SUPREME COURT of CANADA & the highest court in Germany, et al, to make their findings regarding “The Submission”:

    “The SHAREHOLDERS & Corporations of AMERICA, Australia, Canada, et al
    v
    the harmless Canadian NON shareholders, both; Native & non Native, et al”?
    (see; davidehsmith.wordpress.com )

    and

    2) “The MERKEL (Chanc. Germ.) Letter; To Sue, or, Be Sued”?
    (see; davidehsmith.wordpress.com )

    Have the federal representatives of the nations that are the potential signatories of CETA, TPP, et al, willingly provided the NON shareholders of China, Canada, Europe, the Trans Pacific nations, et al, with the aforementioned information? Are the federal representatives, et al, depriving the NON shareholders of Canada, et al, of the due diligence information that enables the family of the NON shareholders of Canada, et al, to make informed decisions regarding their financial planning?

    And, would a reasonable person conclude by a preponderance of the evidence, &/or, beyond a reasonable doubt, that these documents, et al, demonstrate that the SHAREHOLDERS of AMERICA, CANADA , the EU & Trans Pacific nations, et al, really do not care which NON shareholders pay them the punitive penalties, etc., by way of their secret (“Death-Star Chamber”) TRIBUNALS, as long as its not the SHAREHOLDERS who pay & not their corporations regardless of which country the corporations:

    1) operating from,
    2) maintain their headquarters,
    3) use to do their cyber banking, accounting, “taxation”, etc.
    &
    4) et al?

    And, re; the CHINA – Canada Investment Treaty, is it understandable why the “coveted” Hong Kong investor & his associates are “concerned” with the aforementioned findings of The SUPREME COURT of CANADA, et al, & the effects of the findings, et al, on the EU, AMERICA, the Trans Pacific nations, et al, treaties with CHINA, et al?

    In regard to arms sales; how about the sale of arms (non nuclear) in general in regard to the “trade” treaties that are continuing to be secretly negotiated and how will the Tribunals, both; B.R.I.C.S. & non BRICS, adjudicate, decide & penalize the NON SHAREHOLDERS for the sale of legitimate, semi- legitimate & “illegal” sales of arms within the signatories nations & the those of others, &/or, unaligned? Of particular, interest is China, which does have an treaty with Canada, which puts China “at odds” with other arms manufacturing & nuclear powers that it (China) does not have any “arrangements” with.

    Are these types of questions that your politicians & the corporate lobbyists calls “forget-me-nots” (“Buyer Beware”) that will be (maybe) worked out after the fast tracked signatures are obtained?

    And, what do you think is the significance of the line in The Submission to The Supreme Court of Canada “…And, lest one forgets that the revelation of the present perilous international treaties/”arrangements” began with the regard for the rights of Native Canadians as per the Treaties/”arrangements” that corporate Canada & the Government of Canada have “foisted” upon Native Canadians…”? What are the various ways that this line will cost the SHAREHOLDERS, et al?

    On the other hand, it may be worth repeating yet again,

    “What the TREATY of VERSAILLES was to the 20th century PALES in COMPARISON to the TPP, CETA, C-CIT, NAFTA, et al, in the 21st”.

    And, how will YOUR submission to YOUR highest court IMPROVE upon The Submission that is presently before The Supreme Court of Canada?

    David E.H. Smith
    – Researcher
    – “Qui tam…”
    ******
    Please consider sharing the enclosed information & questions with 10 members of your family, friends, associates in order that they can use the due diligence info to make more informed decision about their families’ financial planning, & then they can share it with 10 others…
    ******
    For more Information & Questions re; The Relationship between Human (Nature) Rights & Economics by way of the C-CI Treaty, the CET Agreement, TPP, et al, and The WAD Accord
    &
    List of RECENT ARTICLES, LETTERS & NOTIFICATIONS by DEHS,
    see; davidehsmith.wordpress.com

  • Russia has a 2 year financial reserve; Will solve the economic problem caused by the West by then. Most Russian oil gas production cost is about, at $19-20 a barrel.

    EU is the one that is in trouble, not Russia .

    ‘Who the Hell You Think You Are?’ Nigel Farage throws egg in Eurocrat faces

    https://www.youtube.com/watch?v=2gm9q8uabTs

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