Russia is Biggest Loser In Oil War

As Russia decided to go to war with the oil giant Saudi Arabia they had a lot of pride in their ability to keep up with the Arabs in oil production. Russia is highly jealous of the United States and Canada as they have become the leading nations in oil-exporting.

Russia planned to start an oil war with the Arabs in an attempt to drive the price of oil so low that it would halt oil production on the North American continent. But that all seems to be backfiring in their face.

Putin was counting on some kind of effect from the oil war. However, he forgot about a tiny little virus that was going to soon shutdown a world. Oil production increased and demand decreased with a vengeance.

This was meant to be a major victory for Putin as he tries to extend his powers and tenure as the president of Russia. But now that his nation is fallen into ruin and has shut down his plans for global domination will have to wait.

The United States has placed sanctions on Russia to keep them from expanding their influence around Asia and Europe. The once communist giant still tries to bully smaller nations into becoming their satellite states.

They were once dependent on a lot of things but that has since changed. The sanctions have given them a dose of reality to keep them humble and working with other nations instead of pushing them around.

Russia loves high oil prices because it helps them pay off their debts. This war that they have engaged in may drive prices lower in the short term. But when all the smaller companies go out of business and nations cannot produce their oil they are going to come to Russia for their needs. This, in turn, will push the price of oil higher and make Russia a lot of money. But all of this has backfired in his face.

Putin has been making a lot of promises to the people of Russia that he is now having a hard time delivering to them. He is watching his budget fall apart and the promise he made goes up in smoke simply because he put all of his eggs in one basket. The key to his domination in Russia and around the world was to push people out of the oil market. But now it looks like he is pushing himself out of the market.

All of his scheming and plans are going to cost them big time. It is like a domino effect happening within his borders. And when it is finally over he will have seen 1.5 to 2 percent of his GDP disappear into the darkness.

Russia has no disposable income sitting around waiting to be used. They are like the family living one paycheck to the next. Hoping that someday something will come along that gets them ahead in life. But since Putin has dealt poorly with his plan, that dream is years away.

Russian would love to have a larger share of the remaining market. Oil demand for the world is below 100 million barrels per day. Their initial plans were to create a surplus and push shale producers into bankruptcy.

But they did not plan on demand to fall so dramatically as they ramped up production. They are a victim of their bad timing. Putin is seeing his popularity fade as more of his people lose confidence in his ability to lead their nation.

Pushy Putin is getting what he deserves. He tried to harm American oil producers but all he got was a large dose of humility. His effort to set himself up for life is gone. What he will see now is the domino effect within his borders if he does not act quickly to stop the damage that he has caused.

No amount of negotiations will help as it is too late to try. His stubbornness to deal with the United States to develop plans that would benefit both nations will be his undoing.

The world is sitting on the biggest surplus of oil that has ever been seen. Putin and others wish they could put it all back in the ground and start over. But they cannot. Russia has started something that they just cannot walk away from.

The Russian oil fields are old and to shut them down now will mean permanent damage to those supplies. Meaning they could never get to that oil again.

As Russia decided to go to war with the oil giant Saudi Arabia they had a lot of pride in their ability to keep up with the Arabs in oil production. Russia is highly jealous of the United States and Canada as they have become the leading nations in oil-exporting.

Russia planned to start an oil war with the Arabs in an attempt to drive the price of oil so low that it would halt oil production on the North American continent. But that all seems to be backfiring in their face.

Putin was counting on some kind of effect from the oil war. However, he forgot about a tiny little virus that was going to soon shutdown a world. Oil production increased and demand decreased with a vengeance.

This was meant to be a major victory for Putin as he tries to extend his powers and tenure as the president of Russia. But now that his nation is fallen into ruin and has shut down his plans for global domination will have to wait.

The United States has placed sanctions on Russia to keep them from expanding their influence around Asia and Europe. The once communist giant still tries to bully smaller nations into becoming their satellite states.

They were once dependent on a lot of things but that has since changed. The sanctions have given them a dose of reality to keep them humble and working with other nations instead of pushing them around.

Russia loves high oil prices because it helps them pay off their debts. This war that they have engaged in may drive prices lower in the short term. But when all the smaller companies go out of business and nations cannot produce their oil they are going to come to Russia for their needs. This, in turn, will push the price of oil higher and make Russia a lot of money. But all of this has backfired in his face.

Putin has been making a lot of promises to the people of Russia that he is now having a hard time delivering to them. He is watching his budget fall apart and the promise he made goes up in smoke simply because he put all of his eggs in one basket. The key to his domination in Russia and around the world was to push people out of the oil market. But now it looks like he is pushing himself out of the market.

All of his scheming and plans are going to cost them big time. It is like a domino effect happening within his borders. And when it is finally over he will have seen 1.5 to 2 percent of his GDP disappear into the darkness.

Russia has no disposable income sitting around waiting to be used. They are like the family living one paycheck to the next. Hoping that someday something will come along that gets them ahead in life. But since Putin has dealt poorly with his plan, that dream is years away.

Russian would love to have a larger share of the remaining market. Oil demand for the world is below 100 million barrels per day. Their initial plans were to create a surplus and push shale producers into bankruptcy.

But they did not plan on demand to fall so dramatically as they ramped up production. They are a victim of their bad timing. Putin is seeing his popularity fade as more of his people lose confidence in his ability to lead their nation.

Pushy Putin is getting what he deserves. He tried to harm American oil producers but all he got was a large dose of humility. His effort to set himself up for life is gone. What he will see now is the domino effect within his borders if he does not act quickly to stop the damage that he has caused.

No amount of negotiations will help as it is too late to try. His stubbornness to deal with the United States to develop plans that would benefit both nations will be his undoing.

The world is sitting on the biggest surplus of oil that has ever been seen. Putin and others wish they could put it all back in the ground and start over. But they cannot.

Russia has started something that they just cannot walk away from. The Russian oil fields are old and to shut them down now will mean permanent damage to those supplies. Meaning they could never get to that oil again.