Kiwi—you may be right but don’t forget that Russia has its own problems and an economy that is not nearly as diversified as the US economy, one largely dependent on hydrocarbon sales for export revenues. Plus the guys calling the shots get hit directly in their own pockets from a long-term price slump in oil. Not a recipe for a long-term price war IMO.
The US can Outlast Russia and the Saudis together...the oil we'll always be there..the US can produce enough oil for the US alone and stop exporting....the US is self sufficient not dependant on anyone....these low prices helps the Chinese the most