- #1
Finny
- 107
- 31
What do you think will happen in world affairs if oil and natural gas prices remain depressed for,say, a generation as suggested in the UK article below.
http://citywire.co.uk/wealth-manage...e-could-be-depressed-for-a-generation/a834078
and I know the new administration in the UK has dramatically changed government policies to cut out wind and solar subsidies and loosen regulations in favor of the far less expensive fracking.
As an example, I heard on the radio Saudi Arabia needs oil at about $100/ bbl to balance their budget. Today's price under $40 spells big trouble for them. It is also resulting in dramatic reductions in oil exploration and well operation, but production is still rampant. What will Russia/Putin do?? Will the US extend federal solar subsidies past the end of 2016??
http://citywire.co.uk/wealth-manage...e-could-be-depressed-for-a-generation/a834078
and I know the new administration in the UK has dramatically changed government policies to cut out wind and solar subsidies and loosen regulations in favor of the far less expensive fracking.
As an example, I heard on the radio Saudi Arabia needs oil at about $100/ bbl to balance their budget. Today's price under $40 spells big trouble for them. It is also resulting in dramatic reductions in oil exploration and well operation, but production is still rampant. What will Russia/Putin do?? Will the US extend federal solar subsidies past the end of 2016??