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December 25th, 2015 
Awake Goy Pepe ESCOBAR | 25.12.2015 | 00:00
«I will tell you when Russian companies are for sure going to decrease production – when oil costs $0». Courtesy of Russian Deputy Energy Minister Kirill Molodtsov, this has got to be one of the top quotes of 2015.
Well, forget about oil costing $0 even as OPEC refuses to cut production to curb the global oversupply.
Here’s the breakdown. Russia will keep its 2016 oil production level at a staggering 533 million tons – which will translate as an average of 4.76 million barrels a day in exports.
Curioser and curioser, this process is now running in parallel to Russia and Saudi Arabia set to – maybe – become potential allies, even as their oil strategy frontally clash. Russian President Vladimir Putin has alluded to a «multibillion-dollar program» in the military-technical spheres.
Silk Road Ahead
Oil prices will continue to be low in 2016. OPEC will continue to be fractured. Russia though has managed to survive, as well as Iran. As for the House of Saud, the «consolation» is that its low price strategy managed to kick many a competitor out of the market.
Yet don’t count on a fearful, paranoid House of Saud to come up with a rational decision.
River to Sea
Uprooted Palestinian 
The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of the Blog!
Filed under: Bloody Oil, China, Eurasia, Pepe Escobar, Putin, Russia, Saudia, War on Syria
Source Article from https://uprootedpalestinians.wordpress.com/2015/12/24/a-saudi-russian-oil-splash/
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