Remove Chinese Remove Conference Remove Economy Remove Venezuela
article thumbnail

Opinion: Is Russia Plotting To Bring Down OPEC?

Green Car Congress

Energy is the foundation of Russia, its economy, its government, and its political system. They pose an existential threat to the industry and therefore to the Russian economy: The revenues Russia can earn from its crude and natural gas exports face intense pressure. The emergence of the U.S., This has transformed the U.S. Wary of U.S.

Russia 150
article thumbnail

Opinion: Oil Market ShowdownCan Russia Outlast The Saudis?

Green Car Congress

Venezuela, an OPEC member, has even proposed an emergency summit meeting. This apparent bravado notwithstanding, the two countries’ entry into the low-price Crudedome is ravaging their economies. Breaking the peg would devastate the Saudi economy. IMF WEO Data: Recessions as far as the Eyes can See. percent growth in Q1.

Russia 150