Frank Bullitt Posted December 1, 2016 Share Posted December 1, 2016 http://www.bbc.co.uk/news/business-38155185 As bad as it potentially sounds? Quote Link to comment Share on other sites More sharing options...
samdale Posted December 1, 2016 Share Posted December 1, 2016 I for one couldn't be happier. Bit more stability for the industry I work in. Heck, the north sea might actually start making money again. Quote Link to comment Share on other sites More sharing options...
Al Massey Posted December 1, 2016 Share Posted December 1, 2016 I don't see this as "helping" the world, it's helping line their pockets by reducing the amount of output and increasing the cost per barrel. The sooner a better cheaper way of making petrol the better imho Quote Link to comment Share on other sites More sharing options...
Dnk Posted December 1, 2016 Share Posted December 1, 2016 I guess our pump prices will go straight up in response Quote Link to comment Share on other sites More sharing options...
Frank Bullitt Posted December 1, 2016 Author Share Posted December 1, 2016 I guess our pump prices will go straight up in response This is exactly what I was thinking. Prices didn't drop enough at the pumps to reflect the low price of a barrel, now they are restricting it I can see fuel becoming very expensive again Quote Link to comment Share on other sites More sharing options...
Wez Posted December 1, 2016 Share Posted December 1, 2016 I wonder why they intentionally drove down the oil price https://www.bloomberg.com/news/articles/2016-01-26/how-cheap-oil-is-squeezing-russia-s-economy http://www.bbc.co.uk/news/business-35398423 https://www.theguardian.com/world/2016/jan/25/russias-gdp-falls-37-as-sanctions-and-low-oil-price-take-effect http://oilprice.com/Latest-Energy-News/World-News/Oil-Price-Collapse-Pushing-Russias-Economy-To-The-Edge.html Quote Link to comment Share on other sites More sharing options...
Frank Bullitt Posted December 1, 2016 Author Share Posted December 1, 2016 I wonder why they intentionally drove down the oil price https://www.bloomberg.com/news/articles/2016-01-26/how-cheap-oil-is-squeezing-russia-s-economy http://www.bbc.co.uk/news/business-35398423 https://www.theguardian.com/world/2016/jan/25/russias-gdp-falls-37-as-sanctions-and-low-oil-price-take-effect http://oilprice.com/Latest-Energy-News/World-News/Oil-Price-Collapse-Pushing-Russias-Economy-To-The-Edge.html Sneaky bastards Quote Link to comment Share on other sites More sharing options...
imi Posted December 1, 2016 Share Posted December 1, 2016 Manipulation and price fixing - thought that was illegal...... Quote Link to comment Share on other sites More sharing options...
Frank Bullitt Posted December 1, 2016 Author Share Posted December 1, 2016 Manipulation and price fixing - thought that was illegal...... Not if you are an oil sheik it isn't as you just pay the right people off! Quote Link to comment Share on other sites More sharing options...
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