Russian oil companies going bankrupt?!?! What planet are you on? The Russian oil companies are backed by their government. They have as much cash as their country is willing to put into them. With the opportunity to wrestle control of the world energy market from the Cartels, OPEC and Texas fat cats, you can be sure Russia will put out. Bankruptcy is reserved for companies that do not play ball. Like Yukos. Look at the auction a few months ago for pieces of Yukos. Some silent investment firm, Baikal Finance Group, comes out of the woodwork and pick up Yukos within 5 minutes for $9.3 Billion US. Pretty sweet investment firm just shy of $10 billion sitting around, and where did those chucks of Yukos end up?
Go take a look at the how much revenues Exxon generates as compare it to Lukoil. You know the Lukoil that bought Getty. Go take a look at Gazprom and see what they have been involved in. You'll be surprised at how much of a stake they have in the world's Oil and Gas supplies. Then you will realize how big of a deal the Ukranian elections were.
No. Russian companies will bankrupt the US before they ever run out of cash. And as far as drilling deep. There are places in the world that haven't even been tapped. Virgin oil fields only a few hundred feet beneath the ground. You would be surprised at what the Iron Curtain hides from the worlds eyes. There is no world oil shortage. There may be a Middle East Oil shortage. And when the Saudis run out of Oil then the US gets worried. Because now the US has to turn to its old enemies the ones holding on to massive caches of oil and gas in Western and Central Asia. Better to scare the price of Oil up to generate cash and start looking for the scraps deep deep in the ground than to have to go begging for a few million barrels from Russia at fair market prices.
Wars... Industrial Revolution… that is elementary.
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