3 ms·
I know what the media says. The funny thing about the media is that it seems to do a lot of brown nosing to US corporations. I'm telling you what I believe base
by kolbe 12y ago
I know what the media says. The funny thing about the media is that it seems to do a lot of brown nosing to US corporations. I'm telling you what I believe based on research and beliefs. And I believe Saudi Arabia isn't refusing to cut output to fuck over Russia or the US as the media posits, but instead because they want to liquidate their oil as quickly as possible based on the trajectory we are seeing in green energy technology. The tech isn't there yet, but as a betting man, I'd bet that we will make serious progress in the next 20 years to significantly marginalize oil.
The numbers I've read are much higher[1] than the ones you cited.
[1] http://www.reuters.com/article/2014/10/23/idUSL3N0SH5N220141023 http://www.reuters.com/article/2014/10/23/idUSL3N0SH5N220141...
- protomyth 12y agoWell, the media speculates taking out Iran's cash flow is a bit more important to them than the US / Russia which I happen to think is fine reasoning. I am pretty sure its not to liquidate a supply.