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RE: Venezuela To Accept More Crude Oil From Russia As Production Falters

in #oil7 years ago

I am intrigued by the oil market...not as an investor or speculator but from a technological standpoint. The headwinds for oil are blowing. Countries are adopting mandates to cut fossil fuel usage and embrace renewables. This has to have a major impact on those countries that have economies based upon oil.

The only one that I saw change their approach are the Saudis. They are looking to pump oil as much as they can so they can dump Aramco on the open market in an IPO. After that, they are seeking to become a renewable haven.