Long Run Explor Ltd Ord WFREF

Opec, Russia and the U.S.

[Kherson]

Food for thought folks. Who really wins in the political arena with long term low oil prices? I really don't see any winners...
We know that Russia and Iran are now experiencing massive problems due to low oil prices, but is it in the best interests of the West to allow this suffering to continue? I think not...
Keep in mind that those Middle-East Petro-dollars were being recycled back into our Western Capital Markets. Therefore, higher energy costs are revenue streams, both directly (taxes) and indirectly (investments) for Western governments. The last thing that the West wants now is deflation...
I will not be surprised to learn that OPEC and Russia are/were working behind the scenes to impliment production cuts with the full support of the U.S. If production cuts do occur within the next month, everyone wins...
Kherson