By Brandon Smith
There is a narrative being spread within leftist/socialist circles by media celebrities and White House cronies, and it is this: Paying high prices for oil and gas is actually a GOOD thing. But why is it a good thing to these people? How do they benefit?
Spoiler Alert: It has nothing to do with punishing Russia economically.
Authored by Tsvetana Paraskova via OilPrice.com,
Russia’s oil company Tatneft, one of the biggest in the country, operated in Crimea until very recently despite the risk of being blacklisted by the U.S., Reuters reported on Wednesday, citing Tatneft documents and a source close to the company.
Back when oil was at $100 and above, the Saudi economy was firing on all cylinders, and nobody even dreamed that the crown jewel of Saudi Arabia - Aramaco - would be on the IPO block in just a few years.
Authored by Irina Slav via OilPrice.com,
The chief executive of Russian state oil major Rosneft met yesterday with Cuba’s President Raul Castro, suggesting that the two are working on an energy deal, Reuters reports.
Rosneft started exporting crude oil to the Caribbean island earlier this year as its main supplier, Venezuela, struggled with a decline in its own production, and in October Sechin said there were plans to increase oil shipments to Cuba.