Did the US start an oil war against Russia
Venezuelan President Nicolas Maduro accuses the United States of engineering an oil price war to collapse Russia and Venezuela, flooding the market with shale oil. Putin suggests possible US Saudi coordination to punish Iran and hit oil economies, as Brent falls to about 55 dollars.
MENTIONED IN THIS ARTICLE
Russia
Nicolas Maduro
Venezuela
United States
Maduro
Vladimir Putin
U.S
Saudi Arabia
Iran
Obama
Putin
Is there really an oil war driven by US fracking?
Gwynne Dyer argues against the oil war conspiracy theory, noting fracking began before tensions with Russia rose and that US oil policy involves tax breaks and limited exports. He explains the Gulf and Venezuela roles, stating US imports persist and only a small amount of ultra light oil is slated for export.
MENTIONED IN THIS ARTICLE
Washington
United States
Russia
Moscow
Venezuela
Barack Obama
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