One of the reasons our stock market is crashing is because of an oil war between Saudi Arabia and Russia, which was started by Saudi Arabia. Putin was ready for it and knew it was coming. According to some experts, they are both aiming at the United States shale industry, or at least Putin is. Russian President Vladimir Putin, in particular, is looking to destroy our shale industry and weaken the sanctions that made the U.S. the leading exporter.
CNN REPORT
CNN reports that “Vladimir Putin knows America’s fragile oil industry is built on a mountain of debt. So when Saudi Arabia called for production cuts to mitigate oversupply, Putin decided to pounce. His goal is to wrest market share back from American frackers whose debt-fueled growth caused Russia to lose its 2018 title as the world’s largest oil producer.”
“Russia’s strategy seems to be targeting not simply US shale companies — but the coercive sanctions policy that American energy abundance has enabled.”
They plan to cripple the shale industry, according to CNN.
FINANCIAL TIMES REPORT
Armed with a $570bn foreign reserves war chest, a floating exchange rate and an economy that relies far less on foreign capital and imports than just a few years ago, Russia believes it can weather the sharpest fall in crude prices since 1991 for longer than rival producers such as Saudi Arabia and — most importantly — the US shale industry, according to Financial Times.
EXPERT MICHAEL CUTLER
During an interview with TeamDML, retired INS agent, immigration expert, Michael Cutler said the United States is now energy-independent because of President Trump, but Saudi Arabia and Russia are trying to put a stop to that.
Cutler explained that between fracking and shale oil, the U.S. now has a surplus of oil, but producing it is expensive.
Saudi Arabia and Russia dumped petroleum onto the world market, causing the price of petroleum to drop drastically. Now, it is no longer economically feasible for the U.S. to produce its own oil, Cutler said.
He said it appears the goal of Saudi Arabia and Russia is to force America to stop being energy-independent so they can use leverage against us, thereby weakening the United States.“
If we become dependent on other countries for our energy the way we were under prior administrations, then we can be held hostage by then because they can manipulate us,” Cutler warned.
He noted that Joe Biden is opposed to fracking and against shale oil production. “Could it possibly be that the reason Ukraine was eager to give Biden and his son money was because they knew he would pursue a policy that would prevent America from being energy-independent?” he asked.
That is why the President is considering bailouts for the industry.
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If our stock market is crashing, it is only due to media propaganda. Don’t fall for the fear tactics of the left. It is all they have, lies and fear mongering. We have a great nation here. We could do well on our own. Stop with the sensational garbage that only benefits the media goals of global identity. We are not the world, we are the United States of America, and we can rock this world with trade of our own products. But let home be first in all we do, as the other nations will be busy serving themselves. We must all agree to pitch in all we can to restore our farmlands from the loss of soils due to flooding and other weather problems. Refuse to allow the leftists to attack our meat suppliers. Backyard gardens are possible for many, and also very satisfying in the summer months. Let’s focus on what makes America great, rather than the politics that make it seem small and petty. It is all the left knows to do anymore, is to have more of our hard earned dollars tossed into their sticky finger pot! They are ravenous dogs, and do not have our nation’s best interest at heart. They abandoned such thought long ago. Removing all illegals IS in our best interest. They should never have been given an inch, and should have gotten in line with the many who are coming here legally. Immigration laws are part of what makes this a great nation. The democrats though, wish to use it in hope of grateful voters for their party. We must restore hope to our nation’s farmers, and soon. The high suicide among them is due to hopelessness brought on by leftists agenda that does not even take Americans and their food belt into consideration!
The fracking industry is taken a hit. I’ve got a good friend in the fields of North Dakota keeping me up to date. Many will shudder…at least for a while. As soon as barrel prices start going up these US companies will renew fracking. The Russians and Saudi’s are deeply reliant on oil to fund their countries. The US can easily wait them out.
I don’t know how he thinks he’s going to do that without clintons help.
We are under siege from so many sources, these countries including China would love to Biden as President.
In this case Putin has a similar goal to the democrats.
CNN would never say that the US government growth is debt fueled, or US education is debt fueled, though those debts far exceed the energy industry. Another difference is that US energy industries produce useful products.