... to finance their development, confiding in their revenues from oil sales to repay them and in the favorable interest rates, Venezuela being a prime example. Then even if not so financially exposed, some recessive effects are doomed to happen anyway. ... ... projections have been raised.” (Source WEO)
Somewhat remarkable in the U.S. case, the growth is following the crisis of shale industry, which was allegedly the revolutionary approach that would should have brought energy independence and strengthened ...
... Interests
More prosaically, in the oil oligopoly this whole matter is turning out to look more and more as a move, and certainly an astute one, born for economic reasons which thrived on geopolitical ground, with the aim to knock out of the market not the shale industry, but rather the other traditional producers. And if we factor in that this effectively translates into a hard impact on the economies of countries like Russia and Venezuela, which are not currently enjoying a healthy diplomatic relationship with the United States, then sinking the oil price down would be a way to kill two birds with one stone, configuring a win-win scenario for the Saudi-American partnership. Of ...