GREY:BXEFF - Post by User
Comment by
Steelhead15on Dec 12, 2014 4:28pm
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Post# 23225811
RE:why doesn't RUSSIA cut production?
RE:why doesn't RUSSIA cut production?Russia can't cut and gain. The reason is other suppliers would simply fill the loss of bbls. Namely from NA.
Our drillers are so much more effective than government run O&G. We would surely fill the loss from Russia and that is why the Saudis didn't cut either.
I've read and heard the situation is as much political as demand and supply.