Military Review

Saudis dictate game conditions in the oil market

47
Experts state the fact of the growing dependence of the world economy on oil produced in the Middle East. With low prices, Saudi Arabia does not intend to reduce production rates. According to the head of the International Energy Agency Fatih Birol, the largest shares in the oil market today belong to Saudi Arabia and Iraq. And the demand for their supply is growing. Now the Middle Eastern states produce 34% of the world volume of "black gold".


Saudis dictate game conditions in the oil market


As the newspaper reported Financial Times, the world economy is “risking” to be more and more dependent on Middle Eastern oil.

Executive Director of the International Energy Agency (IEA), Fatih Birol, told the Financial Times correspondent that the leading Middle Eastern producers (Saudi Arabia and Iraq) currently have the largest share in the global oil markets after the 1970 Arab embargo. The demand for their oil has grown amid falling prices for mineral raw materials over the past two years. The price decline has negatively affected the performance of a number of countries where the extraction of raw materials is more expensive. The article refers to the USA, Canada, Brazil, where production over the past 2 has declined.

As the head of the IEA said, some politicians are at risk of giving the world a pattern of complacency. This is especially true of North American politicians who have assured the world that US energy supplies will surpass the sales of Middle Eastern oil, on which the world now depends. “The source of imports number one is the Middle East,” Mr. Birol stated categorically.

Middle Eastern producers now give 34 percent of world production, producing 31 million barrels per day (according to IEA). And this is the highest figure since 1975 of the year (the corresponding share then was 36 percent). For comparison: in the 1985 year, when production in the North Sea increased, the share of Middle Eastern countries fell to 19 percent.

The rapid growth in US production of oil from shale deposits caused a collapse in oil prices in the middle of the 2014 year. However, unlike 1980's situation, oil producers entering OPEC (led by Saudi Arabia and its allies in the Persian Gulf) decided not to reduce, but to maintain production volumes in order to protect market share. Thus, they were interested in volumes, not price.

Gasoline has fallen in price, and the former efforts of states to improve energy efficiency and reduce emissions into the atmosphere have gone down the drain. Motorists are back to buying large amounts of fuel for cars, and at the same time large cars. In the US, the number of purchased SUVs has increased significantly (more than 2,5 times). Even more concern for environmentalists and politicians is caused by China, where the number of purchased SUVs has more than quadrupled. China has become the center of growth in oil demand over the past decade, becoming the second largest consumer of oil after the United States and surpassing the United States as the world's largest importer of “black gold” last year, the newspaper reminds.

In the meantime, energy investment declined by hundreds of billions of dollars: in 2014, oil companies began to take drastic cost-cutting measures.

Oil supplies outside OPEC, including the United States, will fall this year, said Mr. Birol. But a holy place is never empty: a high level of production in Iraq, Saudi Arabia and Iran will fill this gap.

"The Middle East reminds us that it is he who is the main actor in setting a low price for oil," Birol said in an interview. According to him, this region will have three-quarters of the growth in oil demand in the next two decades.

Mr. Birol believes that American politicians need to introduce more stringent fuel efficiency targets in order to reduce demand. Despite production in the United States, the world market cannot completely get rid of its dependence on Middle Eastern oil. "Oil production in the United States will increase, but the US is still an importer of oil, and there will be more for some time," the expert believes. According to the opinion that the export of shale oil from the United States will allegedly develop "in parallel" with exports from the Middle East, Birol does not share. According to him, he would not have signed such statements.

Other experts with such categorical statements hardly agree.

Is the same Financial Times previously published an article under the eloquent headline: “US oil reserves surpass those of Saudi Arabia and Russia” (“US oil reserves exceed those in Saudi Arabia and Russia”).

The publication of the Financial Times is based on a study by the Norwegian consulting company Rystad Energy. According to this agency, the United States surpassed Saudi Arabia and Russia in terms of total recoverable oil reserves: the indicated reserves in the United States amounted to 264 billion barrels, and in Russia - 256 billion barrels. According to the study, Saudi Arabia has 212 billion barrels. 1 place unconditionally belongs to the United States. The global total reserves of Rystad Energy analysts have estimated at 2,1 trillion. barrels. This is not so much: the planet will have enough of this all for 70 years, if the current level of production is maintained (30 billion barrels annually).

Rystad also indicates that more than half of the recoverable reserves in the United States are shale oil. In shale deposits of Texas alone, almost a quarter of the total recoverable reserves of the United States.

Nevertheless, the publication notes that there are other estimates. For example, experts at the BP Statistical Review believe that the United States is still inferior in its reserves to Russia and Saudi Arabia, as well as Venezuela, Canada, Iraq, Kuwait. True, there is one important caveat: BP analysts calculate such reserves according to official data, and they often indicate reserves and undiscovered deposits.

The publication cites the opinion of Richard Mallinson (Richard Mallinson), an expert of the London company «Energy Aspects». He recalls that the volume of reserves is undoubtedly a decisive factor, but the price of a barrel of oil remains important.

According to him, the growth in the US does not cancel the role of Saudi Arabia and Russia. Oil from those cheaper. Shale oil is generally rarely cheaper than 40 dollars per barrel. That is why OPEC was able to survive the fall in prices over the last 2 of the year relatively painlessly.

As for Russia, it should be noted that it is increasing production and exports in parallel with Saudi Arabia and other countries of the Middle East. There is no need to talk about any “freezing” of production for the sake of influence on the world price.

According to the Ministry of Energy, which appeared in the press in July, the level of oil production in the first half of 2016 increased by 4,9% compared to the same period of 2015 of the year and amounted to 5,55 million barrels per day. What a frost here! Oil production in the Russian Federation in June of the current year increased by 1,14% (compared to last year), having increased to 10843 million barrels per day, they note "New News". It grows every month since July 2014.

Oddly enough, other Russian experts believe in the “freezing”. For example, Maria Belova, senior analyst at Vygon Consulting, said about the oil situation Reedus following: “The world situation at present is such that the demand for crude oil is growing annually by 1,2 million barrels. To meet this demand no one except the countries of the Middle East, can not. The US consumes almost all the oil they produce. Russia froze production volumes in a desperate attempt to prevent a further fall in prices. Therefore, the overall balance remains about the same. ”

* * *


Saudi Arabia made a sure bet on the oil market and won. At a lower cost of oil than Russia, it infringed the interests of the latter. Most importantly, she successfully played against the United States with their far-reaching shale plans. With the current low price of oil, Americans do not interrupt the supply of oil from the Middle East. In addition, almost all of the oil produced in the United States is consumed by the Americans themselves. Including those who in the past two years, actively buying SUVs.

Russia, which has increased oil production, could fill the budget and reserve funds with currency, however, it is hindered by a drop in oil prices, which is directly related to the cunning games of the Saudis on the black gold market. Of course, if the Russian economy did not have a strong dependence on the oil trade, the blow would not have been so serious.

Recall, in just three days, from 4 to 7 in July, Brent oil, which is customary to navigate in the markets when pricing for Urals, fell in price from 50 to 46,5 dollars per barrel.

Observed and commented on Oleg Chuvakin
- especially for topwar.ru
47 comments
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  1. Mavrikiy
    Mavrikiy 12 July 2016 06: 02
    0
    Here sabaks are vindictive. Well, they did not allow Assad to overthrow, so immediately strangle. So it was already, half a year strangled. Snoozing? Oh well.
    1. Andrey Yuryevich
      Andrey Yuryevich 12 July 2016 07: 31
      +3
      the Saudis will finish badly, "democracy" will come to them ...
      1. razmik72
        razmik72 12 July 2016 09: 54
        +2
        Quote: Andrew Y.
        the Saudis will finish badly, "democracy" will come to them ...

        They can come to the Saudis, they have bulk oil.
    2. razmik72
      razmik72 12 July 2016 09: 53
      +1
      Quote: Mavrikiy
      Here sabaks are vindictive. Well, they did not allow Assad to overthrow, so immediately strangle. So it was already, half a year strangled. Snoozing? Oh well.

      I did not understand your idea, where does the price of energy and the strangulation of Assad, where is the connection? In Syria, the oil-cat wept, it is so much that it does not affect global pricing.
    3. Megatron
      Megatron 12 July 2016 10: 55
      +1
      Everything is different for us than for people, oil is growing - gas is growing. Oil falls - gasoline rises. But the bureaucrats are gaining weight every day!
      1. razmik72
        razmik72 12 July 2016 11: 18
        0
        Quote: Megatron
        Everything is different for us than for people, oil is growing - gas is growing. Oil falls - gasoline rises. But the bureaucrats are gaining weight every day!

        Where is "with us" - in Ukraine or in Russia?
        1. Megatron
          Megatron 13 July 2016 23: 51
          0
          I live in St. Petersburg, now I am resting in the Crimea.
          Why is it an enemy flag. Already wrote about this.
      2. Suhow
        Suhow 12 July 2016 23: 08
        0
        CE, Peremokh that abbreviation ... Well, by autumn = + = prices of housing and communal services bo tse Europpa, it’s a pity that qi is abbreviated for everyone, and not just for Svidomo euroopeis.
        1. bubalik
          bubalik 14 July 2016 00: 00
          0
          Megatron, and how is it?
          1. Megatron
            Megatron 15 July 2016 12: 17
            0
            ZBS, current prices in places bend strongly. drinks
  2. EFA
    EFA 12 July 2016 06: 08
    +3
    Yes, they have tryndets themselves in the economy, it is not surprising that they continue to pump at the same pace and are not going to slow down, they need to fill the budget, otherwise ISIS will spread to them. The child of the parent will gobble up.

    If they cut production, there will be less profit, and not the fact that they will be able to maintain power.
    1. razmik72
      razmik72 12 July 2016 10: 00
      0
      Quote: EFA
      Yes, they have tryndets themselves in the economy, it is not surprising that they continue to pump at the same pace and are not going to slow down, they need to fill the budget, otherwise ISIS will spread to them. The child of the parent will gobble up.

      If they cut production, there will be less profit, and not the fact that they will be able to maintain power.

      If the Saudis reduce oil production, then prices will rise and the same shale companies from the USA will take their market share. In general, the author of the article cited the opinion of a huge number of experts from different countries, but did not cite the opinion of one of the most competent Russian energy experts, Mikhail Krutikhin .Muzhik really in the subject and a lot of what he says comes true with amazing accuracy.
  3. apro
    apro 12 July 2016 06: 17
    +1
    The Saudis themselves are under the pressure of the amers and fulfill all the wishes of the white figam accurately and impeccably, the Americans are manipulating the oil price and they do not care who has any problems, they compensate their vassals and the rest will fall like a card.
    1. razmik72
      razmik72 12 July 2016 10: 06
      0
      Quote: apro
      The Saudis themselves are under the pressure of the amers and fulfill all the wishes of the white figam accurately and impeccably, the Americans are manipulating the oil price and they do not care who has any problems, they compensate their vassals and the rest will fall like a card.

      This is how the United States compensates for oil prices in Saudi Arabia? I didn’t hear that the United States from its own pocket gave hundreds of billions of dollars to the Saudis at the expense of compensation for collapsed oil prices. As it does not sound paradoxical, but the drop in oil prices also hit the US economy, because the article explicitly says that Today, the US produces the most oil in the world.
      1. apro
        apro 12 July 2016 10: 49
        -2
        Dear Starikov, this is well described in the book of Sheshel oil, and when the supervisor of which of the oil-producing states fell currency? And who does not have interesting parallels.
        1. razmik72
          razmik72 12 July 2016 11: 22
          +1
          Quote: apro
          Dear Starikov, this is well described in the book of Sheshel oil, and when the supervisor of which of the oil-producing states fell currency? And who does not have interesting parallels.

          Other oil-producing countries, unlike Russia, have kept their national currencies. They are not to blame for the fact that the Russian government has shifted the burden of the economic crisis onto its people.
  4. Teberii
    Teberii 12 July 2016 06: 22
    0
    The production of a barrel of oil from the Saudis is about $ 10, everyone else will have to reckon with this. Especially for us, where the production is about $ 20-25.
    1. VP
      VP 12 July 2016 07: 35
      +2
      This is where you brought these numbers?
      In different companies and fields, our prime cost is different. There are 5-6 bucks.
      For 2015, the average was 14-18.
      And declining. The fact is that oil companies (NK) are increasingly converting their costs from foreign exchange to ruble. For example, reducing imports of equipment and purchasing in the domestic market. With the fall of the ruble, this began to make serious sense.
      The Saudi currency is tightly tied to a one-on-one dollar and, on exchange rate fluctuations, they cannot throw off expenses even on salaries.
      1. razmik72
        razmik72 12 July 2016 10: 11
        0
        Quote: VP
        This is where you brought these numbers?
        In different companies and fields, our prime cost is different. There are 5-6 bucks.
        For 2015, the average was 14-18.
        And declining. The fact is that oil companies (NK) are increasingly converting their costs from foreign exchange to ruble. For example, reducing imports of equipment and purchasing in the domestic market. With the fall of the ruble, this began to make serious sense.
        The Saudi currency is tightly tied to a one-on-one dollar and, on exchange rate fluctuations, they cannot throw off expenses even on salaries.

        Russian oil companies will be able to save on salaries, no one doubts that, but the new oil-producing equipment, I didn’t hear something if the Russian developers of such equipment had made a breakthrough, it would take years.
        1. VP
          VP 12 July 2016 10: 53
          +2
          There is no talk of breakthroughs, but more recently, everyone was transported from abroad, even to the gate valves - it was no more expensive than local ones.
          With a change in course, the situation has changed.
          1. razmik72
            razmik72 12 July 2016 11: 24
            0
            Quote: VP
            There is no talk of breakthroughs, but more recently, everyone was transported from abroad, even to the gate valves - it was no more expensive than local ones.
            With a change in course, the situation has changed.

            Read my comment below, in short I will say that they are bringing all this from one very "fraternal" country for the Russians.
    2. razmik72
      razmik72 12 July 2016 10: 07
      -1
      Quote: Teberii
      The production of a barrel of oil from the Saudis is about $ 10, everyone else will have to reckon with this. Especially for us, where the production is about $ 20-25.

      I read that a barrel of oil in CA costs below $ 10, somewhere around 5-6 dollars per barrel.
  5. CARLSON
    CARLSON 12 July 2016 06: 45
    +1
    Not just because yesterday a message was received about a destroyed convoy of fuel trucks and oil tankers. Another five to ten such messages and the price will stabilize and return to around 50, and maybe even exceed it. As it was half a year ago, when after the same reports all the surplus oil on the market, at 1,2 million barrels per day, suddenly resolved and the price went up.
    1. Andrey Yuryevich
      Andrey Yuryevich 12 July 2016 07: 33
      0
      Quote: CARLSON
      Not just because yesterday a message was received about a destroyed convoy of fuel trucks and oil tankers. Another five to ten such messages and the price will stabilize and return to around 50, and maybe even exceed it. As it was half a year ago, when after the same reports all the surplus oil on the market, at 1,2 million barrels per day, suddenly resolved and the price went up.

      I don’t understand how a broken convoy for Turkey can affect the price of oil.
      1. CARLSON
        CARLSON 12 July 2016 12: 18
        +2
        Quote: Andrew Y.
        Quote: CARLSON
        Not just because yesterday a message was received about a destroyed convoy of fuel trucks and oil tankers. Another five to ten such messages and the price will stabilize and return to around 50, and maybe even exceed it. As it was half a year ago, when after the same reports all the surplus oil on the market, at 1,2 million barrels per day, suddenly resolved and the price went up.

        I don’t understand how a broken convoy for Turkey can affect the price of oil.

        I also don’t really understand, but this morning oil grew by 2%.
        Probably all the same there is a connection, especially if, after one destroyed column, dozens of others simply did not ship, for fear of repeating the fate of the destroyed
    2. razmik72
      razmik72 12 July 2016 10: 13
      0
      Quote: CARLSON
      Not just because yesterday a message was received about a destroyed convoy of fuel trucks and oil tankers. Another five to ten such messages and the price will stabilize and return to around 50, and maybe even exceed it. As it was half a year ago, when after the same reports all the surplus oil on the market, at 1,2 million barrels per day, suddenly resolved and the price went up.

      Bombed ISIS oil carriers are just a drop in the ocean of oil, from this the price will not shake a cent.
    3. CARLSON
      CARLSON 12 July 2016 15: 33
      +1
      How interesting it turns out, the more oil rises in price today, the more minuses they put to me, probably I don’t understand something request or someone lost their liqueurs in this convoy
  6. Banishing liberoids
    Banishing liberoids 12 July 2016 06: 45
    0
    Let the Saudis get at least all of their oil in a couple of years, despite the considerable foreign exchange reserves, the economy also went negative, and in ten years they will sell their oil rigs for scrap due to lack of oil fool
    1. razmik72
      razmik72 12 July 2016 10: 16
      0
      Quote: Expelling Liberoids
      Let the Saudis get at least all of their oil in a couple of years, despite the considerable foreign exchange reserves, the economy also went negative, and in ten years they will sell their oil rigs for scrap due to lack of oil fool

      And what remains for the "poor" Saudis is that they will not pump their oil, the state employees will start pumping shale oil again in a matter of days, drilling rigs there can be easily put in and out of operation.
  7. Suhov
    Suhov 12 July 2016 06: 50
    +6
    cheaper gasoline

    It’s cheaper in the rotting West.
    And here in Russia - it rises in price!
    So our oil workers can sleep peacefully, their incomes will not fall.
    Losses in foreign trade due to falling global oil prices were offset by rising domestic revenues due to rising gas prices in rubles.
    And the fact that the incomes of ordinary citizens fell and the number of poor in the country increased, so in this the global crisis is to blame. wassat
    1. razmik72
      razmik72 12 July 2016 10: 22
      +1
      Quote: Sukhov
      cheaper gasoline

      It’s cheaper in the rotting West.
      And here in Russia - it rises in price!
      So our oil workers can sleep peacefully, their incomes will not fall.
      Losses in foreign trade due to falling global oil prices were offset by rising domestic revenues due to rising gas prices in rubles.
      And the fact that the incomes of ordinary citizens fell and the number of poor in the country increased, so in this the global crisis is to blame. wassat

      So inside Russia there is practically no competition in the oil market and the state itself does not monitor that there would be no monopoly collusion.
      The situation in Armenia is exactly the same, I would say it is much worse, we have only two firms importing petroleum products, the result per person is in neighboring Georgia, and I can compare prices here in Georgia, I live practically on the border with Georgia - so, there the prices for gasoline and diesel fuel are 35-40% cheaper than in Armenia.
      1. Suhov
        Suhov 12 July 2016 11: 10
        +2
        Quote: razmik72
        So inside Russia there is practically no competition in the oil market and the state itself does not monitor

        Comparison, very successful, from cf Shirley-Myrli:
        We have oil workers, as it is in Russian, eat a lotThat is, snickering! wassat
        1. razmik72
          razmik72 12 July 2016 11: 31
          +2
          Quote: Sukhov
          Quote: razmik72
          So inside Russia there is practically no competition in the oil market and the state itself does not monitor

          Comparison, very successful, from cf Shirley-Myrli:
          We have oil workers, as it is in Russian, eat a lotThat is, snickering! wassat

          It is necessary to closely monitor the pricing in the oil industry and introduce draconian fines for cartel conspiracy - these are the very minimum, which will slightly lead to the feelings of the oil giants.
  8. Ilya77
    Ilya77 12 July 2016 07: 55
    -1
    They didn’t take the country off the oil needle - apparently, someone doesn’t have a desire, they only want to buy a watch for 37 million or an apartment for 600 million https://lenta.ru/articles/2016/07/12/russiatrade/.
    1. VP
      VP 12 July 2016 08: 16
      0
      Do you have a plan somewhere to get away from oil?
      Do not share?
      We look forward to your revelations. We are sure that everything is elementary simple and, without doubt, easily doable.
      1. Ilya77
        Ilya77 12 July 2016 10: 21
        +2
        Quote: VP
        Do you have a plan somewhere to get away from oil?
        Do not share?
        We look forward to your revelations. We are sure that everything is elementary simple and, without doubt, easily doable.


        And what is the difficulty instead of spending on luxury to spend on medicine, science and education, as they did in the USSR? Why then could they, but now not? And your comment in the style of "get it first" betrays you a demagogue.
        1. VP
          VP 12 July 2016 11: 27
          +1
          And how much do they spend on luxury?
          And why in the USSR there were lines for everything that is possible and bread was bought in Canada?
          And I do not need to delight me with Soviet medicine - I found the USSR and I remember the level of ordinary district clinics.
          And why is the question "how?" makes you indignant?
          Quote: Ilya77
          And your comment in the style of "get it first" betrays you as a demagogue.
          Reply Quote Report Abuse

          Let’s do this - if you find this phrase with me, then I will write that I am a demagogue. If you do not find then you will leave a post here that Ilya77 demagogue
    2. Andrey Yuryevich
      Andrey Yuryevich 12 July 2016 08: 17
      +1
      Quote: Ilya77
      They didn’t take the country off the oil needle - apparently, someone doesn’t have a desire, they only want to buy a watch for 37 million or an apartment for 600 million https://lenta.ru/articles/2016/07/12/russiatrade/.

      well ... these "desires" are not limited to ... 55-year-old manager of the company "LUKoil" Valentin Ivanov married an 18-year-old model from Kansk (Krasnoyarsk Territory) Liza Adamenko. Of course, the wedding was in France, there was a castle, diamonds and friends "from show business". “Young” looked pleased, young - enthusiastic and happy (her Instagram is bursting with photos of gifts that her happy husband showered her with - cars, jewelry, and bags from stores with the inscriptions Gucci, Chanel, Prada).
      1. VP
        VP 12 July 2016 09: 27
        0
        The top manager of a huge enterprise with the Gucci package is harsh, shoot a bastard
        1. razmik72
          razmik72 12 July 2016 10: 47
          +2
          Quote: VP
          The top manager of a huge enterprise with the Gucci package is harsh, shoot a bastard

          The top manager is not to blame for the fact that he is allowed to steal like that and the shootings of top managers can’t fix things, the whole economic situation needs to be changed.
          1. VP
            VP 12 July 2016 11: 29
            +1
            Lukoil private company and proprietor can use the profit as he wants.
            1. razmik72
              razmik72 12 July 2016 12: 06
              +2
              Quote: VP
              Lukoil private company and proprietor can use the profit as he wants.

              A private company is not an excuse for monopoly high prices for fuels and lubricants, it is precisely such uncontrolled price gouging that leads to the fact that the so-called "private" company no longer cares about geological exploration, or about training its personnel in leading companies in the world, or about the fact that to establish the production of at least the minimum necessary oil equipment. And why should a "private" oil company bother at all and invest their money somewhere, because prices in the domestic market are inflated and money is not just dripping, but pouring into their pockets, why do they need extra hemorrhoids ... laughing .
              1. VP
                VP 12 July 2016 13: 00
                0
                Quote: razmik72
                A private company is not an excuse for the monopoly high prices for fuel and lubricants

                Bdyms, all my knowledge about how NK is prevailing, what tax burden they have, what is FAS, etc. scattered into the winds)
                You are right, everything is so)
                1. razmik72
                  razmik72 12 July 2016 14: 41
                  0
                  Quote: VP
                  Quote: razmik72
                  A private company is not an excuse for the monopoly high prices for fuel and lubricants

                  Bdyms, all my knowledge about how NK is prevailing, what tax burden they have, what is FAS, etc. scattered into the winds)
                  You are right, everything is so)

                  Sometimes it's better to keep silent ....
                  1. VP
                    VP 12 July 2016 19: 02
                    0
                    Logically, even the ancients said that not everyone needs to discuss)
          2. Essex62
            Essex62 12 July 2016 14: 02
            +1
            I would even say, change the social system. Private ownership of the means of production creates in the minds an indefatigable thirst for profit at all costs. There is a substitution of values, corrupts, removes the brakes and stoppers. The possibility of possessing wealth directly leads to theft and corruption. The only time in the history of mankind has managed to create an almost perfect society. Each Soviet October Revolution, and even more so, the pioneer knew that the exploiter is a warrior and should be despised, and it is better to crush like a rot. But then the fence was, almost deaf, between us and the west. Now it is more difficult by several orders of magnitude. It is necessary to look for options. For example, I do not see yet. And the clinics in the Union were good and the doctors sincerely tried to cure the patient and not cut the dough.
    3. razmik72
      razmik72 12 July 2016 10: 43
      +2
      Quote: Ilya77
      They didn’t take the country off the oil needle - apparently, someone doesn’t have a desire, they only want to buy a watch for 37 million or an apartment for 600 million https://lenta.ru/articles/2016/07/12/russiatrade/.

      Just like that, no one gets off an oil needle; conditions are needed for the manufacturer to invest in turnover, and not in luxury yachts or the same luxury apartment.
  9. SIMM
    SIMM 12 July 2016 08: 32
    +1
    I have long been touched by these "experts and ANALYTICS" of all stripes ... In essence, they do not differ from the "sofa", except for the salary of course.
    Has anyone ever heard how at least one of them was flogged for their "predictions"?!?)))))))))))))))))))
  10. dojjdik
    dojjdik 12 July 2016 09: 22
    0
    Saudi Arabia, a long-standing Jewish bantustat, now they also annexed Iraq with Libya - there is an attempt to take oil from the ayatola, but so far Assad is interfering, therefore, no need to dismount a horse, a balance between production and processing is needed; diesel fuel gasoline kerosene is good but ethylene white spirit benzene is better and there are such processed products that cost 100 times more than crude oil; petrochemistry is what is needed, but in Iraq Hussein must be imprisoned2 and as soon as possible so that this new Hussein nationalizes all the oil; and the Saudis will wait for their "Houthis"
  11. Masters
    Masters 12 July 2016 12: 10
    0
    Quote: Teberii
    The production of a barrel of oil from the Saudis is about $ 10, everyone else will have to reckon with this. Especially for us, where the production is about $ 20-25.

    we have production with all taxes 13-15 $ words of Novak and this is taking into account the north, and on Prirazlomnaya a little lower
  12. Lord blacwood
    Lord blacwood 12 July 2016 15: 48
    0
    Saudi Arabia made a sure bet on the oil market and won. At a lower cost of oil than Russia, it infringed the interests of the latter. Most importantly, she successfully played against the United States with their far-reaching shale plans. With the current low price of oil, Americans do not interrupt the supply of oil from the Middle East. In addition, almost all of the oil produced in the United States is consumed by the Americans themselves. Including those who in the past two years, actively buying SUVs.

    All this is good. But if the author writes that there is little oil left, then where will Saudi Arabia be in these 70 years? Indeed, in addition to oil, it produces and does not produce anything. There are changes in the world. Humanity will begin to increasingly use other forms of energy.
    And besides, who put the Saudis on their feet. Who supplies them weapons and trains the army. Whose policies are the king now pursuing? Saudi Arabia is a pawn in the hands of the United States, and if it does something, it does so by order from Washington.
  13. Essex62
    Essex62 12 July 2016 18: 43
    0
    From Washington they lie, they rule from other places. In the oval office are the same ass, peredasti sitting. In a sense, they convey the will and wishes of the oldest, most influential Saxon and Jewish families. One can speak with this gopot only from a position of strength. They should be afraid for their precious skins. That's when all sorts of reboots come, missile defense treaties and other crap.