Weaponized fracking?

Walter Russell Mead:
How American Fracking Could Cause a Russian Recession
Between the bounty from fracking holding down the price of oil and the Saudis willingness to keep production in line with demand the Russians are very likely to have a recession even if they produce more oil when they can't sell it to the Europeans.  The same thing happened to them in the 1980's when the Saudis responded to Russian aggression in Afghanistan by increasing production and driving down the price.  That led to the collapse of the Soviet Union as they tried to respond to the pressure put on them by the Reagan defense build up at the same time their oil revenues declined.

Comments

Popular posts from this blog

Russia attacking Iranian forces in Syria

Shortly after Nancy Pelosi visited Laredo, Texas and shook hands with mayor of Nuevo Laredo this happened