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Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive. Sooner or later oil prices will reach over $100 per barrel. By that time, however, many oil giants might already be uncompetitive. The author analyzes how oil-producing States are experiencing the crisis. Project page: http://russiancouncil.ru/en/oil2016
... both countries reached record levels of oil production. We will most likely see great price volatility on the oil market in the near future: the market will be “torn to pieces.” News leaked to the press about a possible production cut by oil exporting countries will heat the market, pushing oil prices up. This in turn will cause small American companies to go back into business, increasing the number of drilling rigs in operation and the sale of accumulated stocks. Prices will again plummet, which will create tensions and complicate talks ...
... current course. REUTERS/Lucy Nicholson Sophia Kortunova: Does the World Need More Oil? The most efficient companies, whose production cost is lower than the national average – will be able to maintain their position in the oil market even with an oil price of $35 per barrel. The drop in oil prices below break-even point rarely affects a government’s decision-making process. Following the basic tenets of economic theory, oil-producing states should seek to correlate the level of production with budgetary commitments. In reality,...
| U.S. wants to establish partnership relations with Russia on condition that it meets the U.S. requirements |
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| U.S. wants to deter Russia’s military and political activity |
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| U.S. wants to dissolve Russia |
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| U.S. wants to establish alliance relations with Russia under the US conditions to rival China |
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