Putin’s War Economy Suffers as Saudis CRATER Oil Prices!

25 comments

1. Be a lot better if prices went down because of US production , which Biden hates. Rather give money to tyrants so him and his family get a cut

2. Crude Oil 74.65 +0.94(+1.28%)

3. Creator now, Putin loses. Price will go back up as peace and rebuilding begins

4. It’s that or we lose democracy over the price per gallon 😂

5. I wonder why they held off until now. Did they realize that russia can´t do anything to them and now want to grab russias market share?

6. The Saudis do not care about Ukraine, US, Russia, or the geopolitical events .. They are gaming the Oil Market.. Fewer nations will buy Russian Oil due to Secondary Sanctions .. Russian Oil Production is falling under these conditions .. Russia cannot maintain its Oil infrastructure causing these declines to last until significant resources are invested into Russian Oil Production .. This is a decades decline .. Saudi is ramping up production and dropping Oil prices to get the lion’s share of Russian’s former market share ..

7. The Saudis are no one's ally outside of the Saudi Royal family. Anyone who thinks otherwise is mistaken.

8. Shame. Still waiting for big mouth US ( and it's sidekick UK ) to take on another country with nuclear weapons directly. And BTW please enlighten us on how well the German economy is doing since the cheap gas from Russia was sanctioned 😯

9. So basically the price for oil is relatively low however consumers, us paying way more than we should allowing someone to earn silly money 🙂

10. I don't know of anybody in the US gov't who asked Saudi Arabia to increase production. According to what I see, Saudi is increasing its market share because a few OPEC nations produce (a lot) more than they agreed to. This is likely why Saudi is pushing for a larger share as opposed to a price. Also, the USA isn't planning on increasing its oil production by much through December. From current numbers, the prediction is less than 51,000 barrels/day, which is not much considering our consumption. After the current administration basically neutered the oil industry (not renewing leases, loss of over 50 oil platforms, the shutdown of shale plants, Prudhoe punishment, etc.), it would take the US petroleum industry about 6 months until they really could begin ramping up again, and maybe a year before a huge difference can be made. Just for an idea of where things are… Louisiana produces less now than Ohio and Utah. Alaska produces less than Colorado. New Mexico is now the 2nd leading producing state behind Texas. This happens when you are a politician and your donors own and invest in green energy. So, any dream USA gas prices will drop enough to bite into inflation isn't as big as we need.

11. The "alliance" is actually a loose confederation of authoritarian opportunists, they would only cooperate with each other when it's convenient and little else. Iran are only interested in making the west look bad and when the screws twist their only looking out for themselves. Same thing for China and NK. They are not going to give handouts or lend lease, it will always be transactional.

12. are not China and India the largest buyers of Russian oil and did not both countries force Russia to reduce the price of oil products greatly ??

13. Russia's war economy is broken because "Russia has more people" doesn't have enough people to man the factories, fill combat units in Ukraine, and maintain basic societal infrastructure in Russia.

    Money becomes a non issue when there simply isn't enough bodies at any price to fill a job.

14. 😀😀😀😀,guys i am not laughing because it was Putin and Xing that encouraged developing countries like Saudi Arabia and Iran to join BRICS and people were happy saying BRICS will control more than 60% of the world petroleum and will influence world order. Now BRICS members don't agree amongst its members,it's all about individual country's interest.

15. Russia cannot simply turn on/off oil production of a well – especially in Siberian oil fields – they are not designed to do that. Plus, Russia relies on Western companies to drill & establish wells. They are stuck pumping oil and selling it at a loss or near a loss.

16. Thank you

17. Dear Paul, thx for your videos. Everybody might want to see Austrian military expert Oberst Reisner's assessment of the strategic overall situation in Ukraine and the regional perspectives and outlooks

    He speaks German but the slides are in English and you can auto translate subtitles of his speech

    https://www.youtube.com/live/mHHLM8lhqQQ?feature=shared&t=1140

18. are you unaware crude is up 8% over the last 5 days. you are always way off in your analysis…

19. https://youtu.be/OvTvwGJTCyM?si=wRslmtfSF2uhCxkr
    Dummy poster always fools himself every day. Ukraine men don't want to fight!

20. "Saudis CRATER Oil Prices" mate what are you talking about?

21. Morning cute face 😊

22. It is said right there in the article: $20 fall in oil prices would cause Russia a loss of 1% of its GDP. Hardly a devastating blow to the Russian economy.

23. This is why self reliance on energy is so important.

24. The fact that Saudi Arabia is drilling for oil in the ocean and not on land means there reserves are falling rapidly. They dont have infinite oil. Enough for now tho.

25. Saudis want the states on their side. They know Russia is a busted flush.