Episode 99 - The bloodbath begins? | Oil crashes | Is Putin trying to tank US shale?

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Energy Week

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Have Russia and Saudi Aramco ruined everything for oil and gas? This week, we investigate the problems of the oil price war and the geopolitical questions surrounding the global oil industry.Russia Says It Is Ready to Weather the Coronavirus Stormhttps://www.wsj.com/livecoverage/coronavirus/card/EsYOOaU3UYHS6KQVDJYY'Oil price war,' coronavirus could drive gas prices below $2 gallonhttps://www.usatoday.com/story/money/2020/03/09/gas-prices-oil-prices-coronavirus-crude-oil-petroleum-opec/4998630002/Oil crashes by most since 1991 as Saudi Arabia launches price warhttps://www.cnn.com/2020/03/08/investing/oil-prices-crash-opec-russia-saudi-arabia/index.htmlHow Putin spurned the Saudis to start a war on America’s shale oil industryhttps://www.latimes.com/business/story/2020-03-08/oil-price-warSix Thoughts on the Collapse of the Oil Markethttps://www.bloomberg.com/opinion/articles/2020-03-09/oil-collapse-6-ways-saudi-arabia-s-move-will-hit-global-markets- Is this a conspiracy between Russia and Saudi Arabia to take out US shale in retaliation for US sanctions on Nord Stream 2 pipeline? No conspiracy.- Is a desire To get back at the Americans even a factor in Russia’s decision?- Shale is collateral damage.- Russia now in the driver’s seat of the Saudi-Russia relationship, not Saudi Arabia.- Drilling party!- March 18 JTC meeting is NOT binding- Remember that there are more barrels off the market from Libyan that Russia + Saudi Arabia want to put back on the market in April- Not the end of the US shale industry but if this goes on long enough will there be a fundamental shift in the natural of US shale oil industry?