Oil at 40: Saudi Arabia again raised selling prices

After months at extremely low price points, a barrel of Brent crude oil came close to a very important psychological mark of $ 40. At 12:00 Moscow time on June 2, the price rose above $ 39,5 per barrel. At the moment, there is a correction in the range of 39-39,5 dollars.

$ 40 per barrel is an important mark, since for many countries the oil segments of the budgets for 2020 were imposed, starting from this mark as the minimum. Moreover, at a price of $ 40 per barrel, there is the possibility of a new investment in exploration and in the creation of new jobs for oil companies.

Against this background, information comes from the US that the administration of President Trump is going to cancel the requirements for methane emissions. The US Environmental Protection Agency has introduced a new rule on the "methane" standard for oil companies, which is far more "liberalized."

It should be recalled that in the US, oil companies were obliged to reduce methane emissions in 2016. Then the administration of Barack Obama insisted on this, saying that this is a step towards reducing the technological pressure on the environment. And if large companies in the USA are ready to adhere to the “Obama” rule, medium and small companies have earlier turned to Trump with a proposal to abolish strict emission standards.

It is expected that the rule adopted by Obama will be canceled by the end of July.

Meanwhile, reports are coming from Saudi Arabia that in July it will again raise selling prices for oil exports. Experts say that Riyadh is going to raise the bar price for Arab Light oil by $ 3,8. This despite the fact that Riyadh, from which Asian markets were expected to lower prices, raised selling prices in June, by 1,4 dollars per barrel. In this regard, it is expected that oil will exceed the mentioned threshold of $ 40 in the near future.

Comments

[Smolin]

For an ordinary person who is not related to work in Gazprom or not an oligarch, the price of oil does not matter. The price of gas at a gas station will not change. The rent will also not be less. Pensions will not be more, as well as the retirement age will not be less. Or am I wrong?

[credo]

Quote: Smolin

For an ordinary person who is not related to work in Gazprom or not an oligarch, the price of oil does not matter. The price of gas at a gas station will not change. The rent will also not be less. Pensions will not be more, as well as the retirement age will not be less. Or am I wrong?

Yes, of course they are right. An ordinary person, when he watches the news of the 1st channel of the Russian Federation, CNN, France-Presse or Dolce velle in that part of them regarding stock quotes, stock market turmoil, swings with the price of oil, gas or gold and other "business" information, thinks only about , why did he give up listening to all this crazy nonsense, when there are no high-yield shares, no oil and gas wells, and at worst he has no gold mine, and news channels ring out from morning till night just about this, as if from this his life strongly depends.

[Smolin]

A good answer! And I thought it was a sinful thing that I got to the site of the oligarchs. It’s good that in addition to the oligarchs and oil hucksters (the price of oil really matters only for their well-being) there are ordinary people with a small pension and a salary that don’t the heat is not cold.

[Gennady Fomkin]

buy Gazprom share 200r

[Piramidon]

Quote: Smolin

there are ordinary people with a small pension and a salary who are not warm from this, it’s not cold

But are pensions and salaries for teachers and doctors not paid out of the budget, which is replenished from taxes from the sale of the same oil?

[Civil]

Quote: Smolin

For an ordinary person who is not related to work in Gazprom or not an oligarch, the price of oil does not matter. The price of gas at a gas station will not change. The rent will also not be less. Pensions will not be more, as well as the retirement age will not be less. Or am I wrong?

Is an ordinary person who has nothing to do with the state, does not go into politics and silently nods to the TV? Are these the same 86% who silently sit in a booth and do not bark without an order?

[credo]

Quote: Civil

Quote: Smolin

For an ordinary person who is not related to work in Gazprom or not an oligarch, the price of oil does not matter. The price of gas at a gas station will not change. The rent will also not be less. Pensions will not be more, as well as the retirement age will not be less. Or am I wrong?

Is an ordinary person who has nothing to do with the state, does not go into politics and silently nods to the TV? Are these the same 86% who silently sit in a booth and do not bark without an order?

Who offended you so much that you are so insulting about ordinary citizens?

[Civil]

Quote: credo

Are you so insulting about ordinary citizens?

What an insult, I do not agree. For example, "the passing king - an ordinary people met on their knees along the road" this is not an insult, but a statement of a historical fact. The same is in my commentary - a strict statement of the historical fact. Now you don't have to kneel, not necessarily.

[St Petrov]

Who offended you so much

what difference does it take here to give offended water

PS Vadik, you put up with my choice, my president is already 20 years old. you endure and whine. therefore you are offended and angry. Because you endure.

Are these the same 86% who silently sit in a booth and do not bark without an order?

PPS you don’t even bark, Vadik, understand? You just endure and whine on the forums. And 20 years is not the limit for you - 100% information

How did it happen that there is such dandruff on the forums that can hint that 86% of the country's population is in the wrong format? I think that the more articles Skomorokhov will have, the more there will be such characters as Latynina and such a Vadik

[mole]

Skomorokhov "hurts your eyes"?
I like his articles. Topical.
And what you called "you endure and whine" is a large part of the country - not yet serfs, but already slaves live like that.
Look what happens behind the Moscow Ring Road, just do not look inside the Moscow Ring Road (this is also outside the Moscow Ring Road). Objectively evaluate, given the missed opportunities and real, rather than the promised achievements of the country and those characters that are at the helm ?!
I get scared from this.

[CSKA]

Quote: Mole

I like his articles. Topical.

Yeah, that's just all his criticism for the sake of criticism.

Quote: Mole

And what you called "endure and whine" is a large part of the country

)))) You probably personally conducted a survey.

Quote: Mole

not yet serfs, but serfs already live like that.

Well, it started. Again, crazy whining about the fact that we are all serfs. It turns out that now serfs live well. They bought apartments and cars for themselves, go abroad to rest. But the landowners are so insolently insolent that they give maternity capital and increase from year to year so that the serfs multiply and can buy apartments for themselves.

Quote: Mole

Look what happens behind the MKAD

We look. And here we can clearly see in Krasnodar, probably no worse than in St. Petersburg, Yekaterinburg, Rostov, Kazan, Ufa or Novosibirsk. This is especially evident when you watch a video about the cities of the Russian Federation for 17 years, with pictures before and after.

Quote: Mole

I get scared from this.

It becomes scary when you read all this nonsense from people like you. Because you begin to understand that pseudo-communists have joined the corrupt pseudo liberals. You are an absolute minority, but there are many barking from you. But nothing. Dogs bark the caravan is coming.

[mole]

You may be right about the big cities. But these are just "beads" that the colonialists once exchanged for gold and silver. If everything were well organized, as you say, we would increase in population, expand in markets, but this is not happening. We are only shrinking.
What are some industries in which our country has grown? In addition to the military-industrial complex, because the reserve was set for decades.

[CSKA]

Quote: Mole

Perhaps you are right about large cities. But these are just "beads" that the colonialists once exchanged for gold and silver.

What are you talking about? What beads, what colonizers? All people in all countries want to live normally. Everyone wants these beads. And you are crying for the standard of living, then you are talking about beads.

Quote: Mole

If everything was cool organized, as you say

There is no such term in economics. There are numbers. And there are eyes. And only a blind or young child born in 2000 cannot see the difference, not even with the 90s, but with the 80s.

Quote: Mole

then we would increase in the population

I will reveal the secret to you. In all economically developed countries with a high standard of living, problems with demography. Guess why?

Quote: Mole

markets expanded, but this does not happen. We are only cutting back.

Oh my God. Again some kind of heresy? What are you talking about Leonid? Market of what, what kind of product, what expansion or contraction? Do not tell me what markets there occupied the leading positions of the USSR?

Quote: Mole

What are some industries in which our country has grown? In addition to the military-industrial complex, because the reserve was set for decades.

Well, by the word "grown", everything becomes clear. Leonid you have very vague ideas about economics. A country can be a leader in one industry and its inhabitants can have a high standard of living, or it can be a leader in several industries and have a lower standard of living. Or it may not produce anything at all, but only engage in services and be an economically developed country.
What has grown, grown or grown there is not the level of conversation about the economy. There are clear indicators of GDP (PPP), there is a structure of GDP, there are indicators of export, import, trade balance, gold and foreign exchange reserves, external debt, average wages, and purchasing power.
Everything else, for example, what you write is a set of phrases. They do not say or show anything.

[Civil]

You endure my choice, my president is already 20 years old. you endure and whine. therefore you are offended and angry. Because you endure.

I respect GDP very much, our people are not worthy of it, just like you. While the flowers, I believe, Vladimir Vladimirovich will make people of you out of you. Until 2036 a time wagon.

[St Petrov]

be patient, Vadik. 86% shows you your place every election

[aviator6768]

Mozh. girls do not give, you never know ...

[Interlocutor]

Is an ordinary person who has nothing to do with the state, does not go into politics and silently nods to the TV? Are these the same 86% who silently sit in a booth and do not bark without an order?

Are you one of those who bark or don’t bark?

[knn54]

I repeat, for the economy of the Russian Federation and practically the ruble exchange rate, the CONSTANT and SHARP fluctuations in oil prices are not good. Let not the maximum (not lower than 30. understood), but STABLE.

[EnGenius]

This is true for the most advanced commodity countries - Australia, Canada, Sweden, Norway, where exchange rates have dipped 40-100% over the past 10 years. A diversified economy and a stable minimum wage are needed to maintain the standard of living of the population.

[Voyager]

Quote: Smolin

For an ordinary person who is not related to work in Gazprom or not an oligarch, the price of oil does not matter. The price of gas at a gas station will not change. The rent will also not be less. Pensions will not be more, as well as the retirement age will not be less. Or am I wrong?

You are absolutely wrong. Let me remind you that almost all of your household appliances and electronics are imported and bought for money recalculated from the dollar / euro.

The chart below shows the jumps in the average cost of a product (a sophisticated router as an example) in the market. Price varies with the value of the dollar.

In this case, with the fall in oil and the depreciation of the ruble, the price for the months of spring rose sharply. Now oil has risen - the ruble has strengthened -> the price of the product has dropped and is slowly trying to recoup. The higher the cost of the product, the greater the difference. So, to summarize, the life of any average Russian citizen today directly depends on the price of oil. At the beginning of the year, it was generally possible to get up in the morning and first of all run to look at the quotes in order to be able to somehow react to the upcoming changes and plan your own near future.

Moreover, many government agencies still depend on imported equipment and electronics, so the higher the final cost, the greater the burden on the budget (but in reality, this is a shortage of modern equipment for the same structures of our cyber security.)

[Smolin]

that the higher the final cost, the greater the burden on the budget

yeah, we already heard that.

That's just as if THERE not filled CASH buttes, one result -
Oligarchs become richer and ordinary people still poorer.

[Voyager]

You are now engaged in demagogy and stamping populist slogans. From 2000 to 2015, did people get poorer too? The current situation is solely an attempt by the state to respond to external sanctions and other irritants. Yes, at the expense of the population, and this is a global practice in 99% of cases. How you live in a fairy tale ..

[free_flier]

Blois - everyone is getting poorer ... in 2000, there were 5 cars in front of the house, one of them was imported, now it costs 32, of which nineteen were produced in the Russian Federation. Begging house however.

[Old partisan]

And where did you get that the ruble exchange rate depends on the cost of oil?
The ruble exchange rate depends on where in what place the nabiulina is combed.

[YOUR]

Oil prices are rising, we have the same fuel prices are rising. Oil prices are falling, our fuel prices are still rising. Also Nabiullina? And who put her to such a position?
In order not to have speeches, they stopped raising prices at a large amount at a time, now the price of fuel rises monthly by 30 - 40 kopecks per liter, as a result, last year the price went up by more than 10%. Now, because of the cove, it has stopped, as soon as they say that everything is over, look how they will catch up. All our financial losses at our expense compensate.

[AU Ivanov.]

The ruble exchange rate depends on the price of oil. Does the ruble exchange rate also not matter to you?

[Sidor Amenpodestovich]

Quote: Smolin

For an ordinary person who is not related to work in Gazprom or not an oligarch, the price of oil does not matter

It is believed that the continued low oil price has become one of the significant reasons for the collapse of the USSR.

[bk316]

one of the significant reasons for the collapse of the USSR.

This is the liberals came up with. One of the weightless reasons I would say ....

[Sidor Amenpodestovich]

And what really powerful, you know? Tell me.

[Alex Justice]

And what really powerful, you know? Tell me.

Lacy panties.
The people are tired of living in poverty and in a dictatorial state.

[WIKI]

Quote: Sidor Amenpodestovich

And what really powerful, you know? Tell me.

If you stick to your reasoning, that

It is believed that the continued low oil price has become one of the significant reasons for the collapse of the USSR.

I don’t understand what the future of Russia looks like in this regard, with its budget dependence of 50% on oil prices. The dependence of the USSR budget on oil and gas revenues:

[cat Rusich]

Anti-alcohol company 1985-87 "finished off" the USSR. Loss of treasury up to 30% ...

[major147]

Quote: Sidor Amenpodestovich

There is an opinion,

As one of the hypotheses coupled with a host of other reasons.

[bk316]

For an ordinary person not related to work in Gazprom

Yes, and in Gazprom salaries are paid to few from profit
And so right, not quite nearly. The ruble exchange rate still depends on oil prices, and some prices depend on the exchange rate.
Far from all, of course,
So yes, hysterics about the prices of $ 20 and euphoria at the rate of $ 100 is the lot of the "Internet public", which is not the public at all

[Rubi0]

You are fundamentally wrong, many people sit on stock exchanges, futures or forex with $ 1000 and bargain for themselves, right now, 1-2% per day can be done on such swings and news. The fact that it does not matter to you, it only speaks of the level of financial literacy, which, unfortunately, is generally lame in our country.

[mole]

All these stocks, futures, swaps, etc. are the industry for the suckers. But created to bring profit to its creators.
In fact, labor, not speculation, creates added value.
If the entire population of the planet moves from machine tools to hedge or spot trading in goods and machine tools (means of production), then

[Pvi1206]

The USA squeezed Saudi Arabia ... now they will again extract shale oil ...

[mole]

Saudi Arabia has given Rosneft to Europe after Rosneft’s attempt to expand this market. At the same time, she kept her budget, and she helped her elder brother (or daddy) save the shale. Although Daddy himself would have done it easily, the wagon is good. Proven earlier by more global crises.
Unlike us, unfortunately.
They are trying to realize our previously expanded production opportunities in China at a loss. Peremoga!
For this "change" top managers receive bonuses, albeit relatively small.

[aszzz888]

Meanwhile, reports are coming from Saudi Arabia that in July it will again raise selling prices for oil exports.

Well, not constant, these Saudi primers! Like women of easy virtue. They didn’t have a party which could ask for what was done.

[Sling cutter]

Quote: aszzz888

Well, not constant, these Saudi primers! Like women of easy virtue. They did not have a party that could ask for what they had done.
Reply

Do not pay attention, this article is a reprint from Lukoil’s Facebook, and in Lukoil there are also analytechs.

[bk316]

and in Lukoil there are still analytechs

Where are the good ones? In what?
I already wrote to people with incomplete secondary mathematical education better not to be puzzled by oil prices .....

[Interlocutor]

Do not pay attention, this article is a reprint from Lukoil’s Facebook, and in Lukoil there are also analytechs. wink

Please give a link to this article on Facebook ..?

[mole]

Quote: Stroporez

Quote: aszzz888

Well, not constant, these Saudi primers! Like women of easy virtue. They did not have a party that could ask for what they had done.
Reply

Do not pay attention, this article is a reprint from Lukoil’s Facebook, and in Lukoil there are also analytechs.

Only efficiency in private companies is higher, and less statements. Probably more and better work !?

[aszzz888]

Stroporez (Private Airborne) Yesterday, 14:31 NEW
-5
Quote: aszzz888
Well, not constant, these Saudi primers! Like women of easy virtue. They did not have a party that could ask for what they had done.
Reply

Do not pay attention, this article is a reprint from Lukoil’s Facebook, and in Lukoil there are also analytechs. wink

So yes, there are so many media, so many versions. And why are you clammed up - is it not clear?

[Invoce]

Some analysts suggest a rebound in oil prices above $ 120. The collapse in oil prices led to the fact that shale oil companies closed. And the specifics of its production is such that it is impossible to preserve the well. The barrel collapses (horizontal), and drilling a new one is quite an expensive event. All this will lead to a shortage of raw materials ..

[loki565]

Some analysts suggest a rebound in oil prices above $ 120.

It is doubtful, the industry is still in a fever from a pandemic, by the end of the year it will be $ 50-60

[Vadim237]

If an artificial oil production crisis is not done, but most likely it will be done by any means, the first signal will be a correct report that half of the existing oil fields will remain for three to four years of production and then a sharp decline will be further more the next massive attack on tankers in the Persian Gulf and Saudi refineries , storages and even the Katarovskys will arrange a coup d'état with military operations and there hi gas and oil production, American and Australian offices will finish dumping on LNG - oil and gas prices will break through the price ceiling. Hello maximum profit to all oil producers and salatsevikam.

[bk316]

half of the existing oil fields will remain for three four years of production

No, this is almost a disaster. Too little time margin. There are such models, but they are not very reliable: "non-market" methods will be used.

[Invoce]

So I didn’t talk about a short period ... The growth will be gradual, and as Vadim 237 said

oil production crisis .... most likely it will be done by any means the first signal will be a correct report that half of the existing oil fields will remain for three to four years of production and then a sharp decrease will be farther more than another massive attack on tankers in the Persian Gulf and Saudi refineries, storages and even the Katarovskys will arrange a coup d'état with military operations and there hi gas and oil production, American and Australian offices will finish dumping on LNG - oil and gas prices will break through the price ceiling. Hello maximum profit to all oil producers and salatsevikam.

[orionvitt]

Quote: Invoce

shale oil companies closed

Well closed, and okay. This should concern only Americans. Shale oil, by itself, made up a very small fraction of global production. And the total price of oil depends on consumption, that is, on the state of the global economy. And here the forecasts are not comforting.

[Vasyan1971]

Quote: orionvitt

In the price of gasoline, only a small fraction of the cost of oil itself.

We know, we know. Gasoline rises in price at any price of oil.

[Andobor]

Quote: orionvitt

This should concern only Americans.

This primarily worried Russia, shale oil squeezed Russian from the markets,
- Now the problem is resolved, - it is possible in growth.

[rocket757]

Will everything be fine with us ???
It is unlikely that all and hardly straight tomorrow. It may become better than yesterday, for example, but yesterday it was really sucks, as most said ...

[Roman123567]

but yesterday it was really sucks

So everything will remain ..
Nobody would do better for us with this system ..

[rocket757]

As always, as, consider, everywhere ... nothing new.
The system is such ... and we ourselves have chosen it.
Going to change, something, we ourselves will not get together.
However, it is not worse at all, how many where, but somehow worse than what we still remember.

[Roman123567]

The system is such ... and we ourselves have chosen it.

It is not true..

change that, we’ll not get together ourselves.

Because we ourselves didn’t choose anything ..

not worse at all how much where

Well .. again came to a comparison with Africa ..

worse than what we still remember.

You can’t argue here ..

[rocket757]

And who chose a new country for you? Where were you at that time?

[major147]

[quote] [quote] [quote = Roman123567] [quote] The system is like that ... and we chose it ourselves. [/ quote]
It is not true..
[quote] change that something, we won’t get together. [/ quote] Because we ourselves didn’t choose anything ..
[quote] it’s not worse at all, how many where [/ quote] Well ... again, they came to a comparison with Africa ..
[quote] worse than what we still remember. [/ quote] There is no arguing here .. [/ quote] [/ quote]

Diagnosis - Learned Helplessness Syndrome.

[bk316]

However, it is not worse at all, how many where, but somehow worse than what we still remember.

Bravo. Yes, and we all remember different things and not at all what actually happened.

[rocket757]

An intelligent person remembers everything as it is. It’s not so difficult to evaluate all the pros and cons and bring the overall balance. The balance will be different for everyone, this is normal, but from that it is possible that the average can be calculated and weighed with the present.
My overall balance - it was not smeared with honey, everywhere and everything, but in general it is better than now ...
I do not pretend to the truth, just as it is.

[major147]

Quote: rocket757

I do not pretend to the truth, just as it is.

I made a diagnosis above - "Syndrome of learned helplessness." If you are curious - take an interest, the most interesting thing!

[rocket757]

Ha, they come up with diagnoses, terms, hang up labels, put forward theories ... and still I won’t enter why OUR PEOPLE don’t want to unite, organize your party \ movement \ front Schaub was at least something that would become OUR and protect OUR RIGHTS \ INTERESTS ???
From childhood, after all, they explained to everyone, showed, and life has proved that - It is better to walk around the open spaces cheerfully, if CHORUS, COLLECTIVE ... the main thing TOGETHER! If you teach the "dad" a lesson, it's better to do it! besides, "the hares are kicking the LION in a crowd!
Why is it that people have not fixed in their brains ??? Why do people not want to learn that itself, itself, does not expect anything good?

[major147]

Quote: rocket757

From childhood, after all, they explained to everyone, showed, and life has proved that - It is better to walk around the open spaces cheerfully, if CHORUS, COLLECTIVE ... the main thing TOGETHER! If you teach the "dad" a lesson, it's better to do it! besides, "the hares are kicking the LION in a crowd!
Why is it that people have not fixed in their brains ??? Why do people not want to learn that itself, itself, does not expect anything good?

That is why this crap was invented, so that they would not unite, that "nothing depends on me, but someone is to blame for my bad life, but not me." This is Learned Helplessness Syndrome.

[rocket757]

Stupid ... you must always start with yourself!
We begin to believe in ourselves, people, FRIENDS, in all of US!

[major147]

Quote: rocket757

We begin to believe in ourselves

I don't mind, but look at the comments above. This is an illustration of everything I said.

[rocket757]

Unfortunately, there are many more such comments "And we are for sho", "everyone is to blame, but not me", much more than is permissible.

[major147]

Quote: rocket757

Unfortunately, there are many more such comments "And we are for sho", "everyone is to blame, but not me", much more than is permissible.

Right now, a new wave has begun regarding voting on the Constitution. I read on other sites. Whatever "stench" is not there, I don't even want to quote, but it all comes down to the fact that there is nothing to vote. And I think so, come and tell me whether you like the amendments or not. This is the only way to take responsibility for yourself.

[rocket757]

It’s necessary to go, it’s not a question .... excuse, like I didn’t go, I didn’t choose, but now we are for sho, you can’t think more stupid.
What we win, what we lose, this is not a question, because you can win only by teaming up ...

[Uncle lee]

Both oil prices and gas prices are completely independent of us .... Although you are bursting!

[Vadim237]

But the budgets of all 85 regions are well dependent on gas prices.

[Uncle lee]

And what, the budgets of all 85 regions are composed only of gasoline sales at gas stations?

[Vadim237]

No, but on sales taxes they have more than 1,6 trillion rubles per year.

[Uncle lee]

Quote: Vadim237

from sale

IN !!! I’ll ride more, fill the budget ...
And where is this digit from?

[orionvitt]

Quote from Uncle Lee

Both oil prices and gas prices are completely independent of us ....

It is strange when people think that gas prices should depend on oil prices. In the price of gasoline, only a small fraction of the cost of oil itself. In addition, oil as a raw material is not only gasoline, but also almost the entire chemical industry, where its pricing is.

[Uncle lee]

Quote: orionvitt

from oil prices

I specifically wrote that gasoline prices, and especially oil prices, do not depend on us ... From a word at all ... Or do you know who sets oil prices? What about gas?

[Glory1974]

After months at extremely low price points, a barrel of Brent crude oil came close to a very important psychological mark of $ 40.

Q.E.D. The fall in prices was pre-planned, carried out in tandem with the United States. After resolving their issues, the parties, as agreed, began to return to their previous positions.
During this time in the United States, small owners of the shale business have been re-bought by large players, and now their existence will be facilitated by removing the "methane" requirement.

[Thrifty]

In fact, there are no prerequisites for a strong increase in oil prices. This is a speculative game in order to save the budget of the Saudis, which is bursting at all seams due to lack of finances for social programs.

[Break through]

Fine. We are satisfied with at least 40 dollars. There will be no budget deficit.

[Connor MacLeod]

Well, everything is fine in short! The federal budget is making up for the price of $ 40 per barrel! We live! We believed that the price would rise to $ 40 and it went up! Congratulations to all!

[parusnik]

Yeah .. Now the cherry goes up, the beets bloom, the hens are farrowing ...

[Van 16]

And if it rains during drying, eh?
"Return of the Prodigal Parrot"

[Vasyan1971]

Quote: parusnik

the hens are farrowing ...

Damn, I read out of the corner of my eye, it seemed - Ukrainians (internal censorship, you understand) ... I wanted to be happy for them, but not fate, apparently.

[veritas]

The Saudis held back, but their currency was not so lowered as ours. They did not begin to shift the burden on the shoulders of citizens. I think their gas prices have fallen.

[Vasyan1971]

Against this background, information comes from the US that the administration of President Trump is going to cancel the requirements for methane emissions.

Enough for Grett! Not only childhood, it turns out, she was stolen from her, but they are also going to spoil youth ... And to blame, specifically, Trump!

[fa2998]

Quote: Smolin

. Or am I wrong?

In principle, you are right! All those "blessings" that you have listed will certainly not get cheaper. It's just that when prices are low, some Miller's type go to Vova and ask for a "trillion", they are beggars! And they will! have proceeds, and not from the treasury!

[Kerensky]

It seems to me alone that everything is clogged with oil now. She stands at the necks everywhere. And this is real oil, not futures. Will oil owners and oil producers not come into conflict?

[Gennady Fomkin]

Quote: Pvi1206

The USA squeezed Saudi Arabia ... now they will again extract shale oil ...

Shale oil? Yes, for God's sake, only the question is there then something will grow up or will the Martian landscape please anyone?

[Gennady Fomkin]

Some optimists are trying to object, they say, temporary losses. As soon as quarantine is removed, everything will naturally recover. So no. Rolls-Royce Holdings Plc, one of the world's leading aircraft engine manufacturers, announced the upcoming layoffs of 8 employees. This means that the industry is really frozen for a long time.

It follows from this that a cumulative long-term decline in oil demand is expected from the previous 99 to a probable 67 million barrels per day. And this is a very serious problem, which until the end of 2020 will not resolve in any way. Therefore, the Russian government, undoubtedly, must take this factor into account in its strategy for overcoming the crisis. The Russian Federation has no external debt than some bankrupts - more than 20 trilliks)

[Gennady Fomkin]

[media = file: /// C: /Users/111/Downloads/this-is-how-the-oil-sands-have-been-harvested-since-1967.jpg] welcome to hell.

[Gennady Fomkin]

Where and how is shale oil produced?

Recently, major changes in the world oil production system have occurred, primarily due to the emergence of new technologies. The media immediately dubbed this phenomenon nothing more than a “shale revolution,” and news about it continues to excite global news agencies. The main "revolutionaries" were the United States, which achieved outstanding results in this area.

It is shale oil in the United States that enabled this country to become one of the world leaders in terms of hydrocarbon production, reduce motor fuel prices in the domestic market and become one of the largest oil exporters. Here's the thing: at the industrial scale of shale oil production, hydraulic fractures cause millions tons of aqueous chemical solutions injected into the well, which contain a huge amount (about 700 items) of substances hazardous to human life and health. For example, in the United States, tap water can be set on fire near the places of shale oil production, since it is very strongly mixed with methane. Already, the health of residents of these areas of America is significantly deteriorating due to poisoning by methane and other toxins.

Another problem with fracking is that it requires huge amounts of fresh water, the deficit of which is exacerbating every year. The richest US state of California can actually introduce restrictions on water consumption.

All of these factors lead to protests by residents of those areas in which shale oil production is already underway or is only planned. Moreover, some countries (France, the Netherlands, Bulgaria) have banned the use of fracking in their territories at the legislative level. Welcome to Hell.

[yfast]

Well, Americans, as a last resort, will be able to get married from America to Europe and Africa. If the water becomes really bad.

[dik-nsk]

Against this background, information comes from the US that the administration of President Trump is going to cancel requirements for methane emissions

Now, of course, Greta Tunberg will come out and fiercely condemn the hegemon?))