GAME OVER! Russias Partnership With Saudi Arabia Will Collapse The US Economy!
- last year
Why is Saudi’s distancing with the US significant enough to completely dent the US petrodollar?
The Organization of Petroleum Exporting Countries and its allies, including Russia, decided on October 5th, 2022, to reduce oil production by 2 million barrels per day. The world's economies, particularly those of the US, UK, and India, might suffer greatly from this large amount of oil, which makes about 2% of the global oil supply. Now that both the US and the UK are on the verge of recession, this oil price increase might make things much worse for them!
Because of this, the NOPEC law is being passed in the US as retaliation! and the UK government is implementing a Price limit plan!! Consequently, Russia,
High energy prices, caused by Russia’s Ukraine invasion, mean the Organization of the Petroleum Exporting Countries (OPEC) will earn $907 billion from oil exports this year, according to the US Energy Information Administration (EIA), compared with $577 billion on average since 2000. Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait will collectively have a $409 billion current account surplus, reckons Capital Economics, or almost three times last year’s total. Russia’s current account surplus so far in 2022 has also tripled, year-on-year.
#russia #news #Unitedstates #oil #war #useconomy #china
Video Credits: Investing Future(YouTube)
The Organization of Petroleum Exporting Countries and its allies, including Russia, decided on October 5th, 2022, to reduce oil production by 2 million barrels per day. The world's economies, particularly those of the US, UK, and India, might suffer greatly from this large amount of oil, which makes about 2% of the global oil supply. Now that both the US and the UK are on the verge of recession, this oil price increase might make things much worse for them!
Because of this, the NOPEC law is being passed in the US as retaliation! and the UK government is implementing a Price limit plan!! Consequently, Russia,
High energy prices, caused by Russia’s Ukraine invasion, mean the Organization of the Petroleum Exporting Countries (OPEC) will earn $907 billion from oil exports this year, according to the US Energy Information Administration (EIA), compared with $577 billion on average since 2000. Saudi Arabia, the United Arab Emirates, Qatar, and Kuwait will collectively have a $409 billion current account surplus, reckons Capital Economics, or almost three times last year’s total. Russia’s current account surplus so far in 2022 has also tripled, year-on-year.
#russia #news #Unitedstates #oil #war #useconomy #china
Video Credits: Investing Future(YouTube)