A collapsed price, a lot of money, and some shrewd traders.
“A sense of foreboding.”
So what happened?
Russia Sanction Busting: “If You’re Not Blatant About It, You’re fine”
US lawmakers and staff received secret payments from Azerbaijan’s state-owned oil company.
Their oil production sets records, US drillers aren’t backing off either, glut gets worse.
Kremlin looks to Middle East and China.
No one backs off. Price plunges.
Chances of finding alternative consumers of Europe’s goods and services are dimming.