Quote:
Originally Posted by Flash Walken
Opec are putting pressure on Iran and Russia, that's the reason this is happening.
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It's more Saudi putting pressure on everyone that isn't Saudia Arabia. They want to kill US unconventional oil producers who have high production costs while at the same time punish Russia for it's foreign policy. Venezuela and Russia though both have regimes that rely heavily on the support of ignorant masses which are heavily influenced by oil subsidies. We'll probably see a destabilization of these two if the prices remain low for more than half a year.
Russians are already being screwed by sanctions that have seen food prices rise more than 25% since the June. Once the oil prices drop, I wonder how long it'll take before regular Russian's have issues that Putin cannot explain away.