|
Fracking requires oil to be about $60-70 a barrel in order to be profitable. With SA artificially dropping the price to where it's a complete loss, it will start forcing companies to withdraw from fracking completely. Some major companies like Shell will probably continue to do it in hopes that the price will rise again, but smaller companies will be forced to abandon their operations. The last artificial price drop last year already spun the Russian economy into a pretty bad recession on top of the economic sanctions. There's definitely an angle to keep doing this to put pressure on them to knock off what they're doing in Ukraine.
|
#
¿
Jan 12, 2016 20:42
|
|
|
|
| # ¿ Apr 28, 2024 21:27 |
|