Wednesday, December 31, 2014

OPEC Price War Deepens

The Telegraph: Brent oil hits new low as Opec price war deepens slump

My Comment: Enjoy it while it lasts.

More News On Declining Oil Prices

Oil Set for Biggest Slump Since 2008 as OPEC Battles U.S. Shale -- Bloomberg
OPEC Resolve on Supply Promises No Calm for Oil Markets: Energy -- Bloomberg
OPEC oil output hits six-month low in December on Libya -- Reuters
Why Oil Will Probably Stay Cheap in 2015 -- Jordan Weissmann, Slate
Saudi Arabia's Playing The Oil Market The Right Way For The Lowest Cost Producer, Almost Like Standard Oil -- Tim Worstall, Forbes
Are low oil prices here to stay? -- BBC


James said...

What it not being said is how this reduction in Brent oil revenue is going to affect several European nations domestic budgets.

Unknown said...

I love European socialists especially Nordic ones.

Bright, shiny happy people.