I would agree with this: It could be a message from Obama that - TopicsExpress



          

I would agree with this: It could be a message from Obama that says, ‘Russia, we can impact the price of oil if we want to. But I think thats giving the administration too much credit at this stage, said Dominick Chirichella, senior partner at Energy Management Institute in New York. However, if something like this continues, it will definitely have an impact on Russia as their budget (for everything) is based on crude oil (as well as gas). On the other hand, Republicans are now pushing administration to increase natural gas exports. However it will not affect anything in the near term future as infrastructure is not built yet (estimates ~2017). reuters/article/2014/03/12/us-usa-energy-reserves-idUSBREA2B12V20140312
Posted on: Fri, 14 Mar 2014 06:11:27 +0000

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