Their homework and they sense that they can write out a price war much better than the very over leveraged you know 50000000000. 00. Budget constraint to saudi arabia that needs 83. 00 a barrel of oil in order to balance its budgets as well as fund its longer term visions of getting off of oil and expanding its economy under the vision of mohamed bin solomon so its really people have to look at this as a sense of it these are not just necessarily coincidences in my point of view because the ruble was strengthening last year russia has been on a d. Dollarization platform in order to diversify away from dollar reliance in part to fight sanctions thrown against it as well as its partners but also to strengthen its own ambitions to have its currency the currency of its allies really rival if not travel. Its the 47 year old petro Dollar Standard which is the effective monopoly globally with regard to oil or gas pricing so theres a lot of you know its a game of chicken really behind the scen
The larger corporations are not very interested in proving or disproving the value of their food because theyre already making it a 1000000000. 00 on it and theres no reason to do that research. Hello and welcome to cross talk were all things are considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crosschecking crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and geopolitics. Analyst as well as a former commodities trader and in toronto we Cross Alexandre Bruno he is an analyst at gulf state analytics a gentleman crosslike rules in effect that means you can jump in anytime you want and i always appreciate pilot may go to you 1st in irvin
Comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crosschecking crude carnage im joined by my guess was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and geo political analyst as well as a former commodities trader and in toronto we Cross Alexandre Bruno he is an analyst at gulf state analytics sorry gentlemen crosslike rules in effect that means you can jump in anytime you want and i always appreciate pilot may go to you 1st in irvine because you got up early as for this program here all right it all happened quite quickly and a lot of analysts werent too surprised by the deal that the russians and the saudis had collapsed there were the russians didnt go along with what the saudis wanted to do. And the saudis reacted and now we have carnage on the oil markets here what is saudi arabias gambit here because you know in th
Trumpet in this race for the United States has. Used various terms in order to describe israel the west bank and the gaza strip you can. Look it up throughout the years it has changed so one headlines the coronavirus story and Everything Else to talk about at r. T. Dot com pictures and features there for you or a very social media check if you get a minute its midnight 31 here in moscow my name is kevin owen thank you for watching our channel we are r. T. International. Hello and welcome to cross talk where all things are considered im Peter Lavelle with the coronavirus now officially declared a pandemic the world faces the additional burden of an Oil Market Collapse this comes at a time when demand for crude was already low some are calling this the ultimate perfect storm how this all ends is anyones guess. Crude carnage im joined by my guest was me in beirut hes a professor of economics and International Affairs in irvine we have pai and he is an independent economic and political an
Community wake up to the challenges presented by chinas manipulation of the longstanding International Rules based order that has benefited all of us for many decades john holl as our correspondent at that conference in munich. You know they say that the Munich Security Conference doesnt provide solutions but it provides platforms for competing narratives to play out weve certainly seen that here in the last hour under the same roof youve got the United States effectively firing the starting gun and missile to a new era of foreign and defense policy naming china as the number one threat to the world and then swiftly followed by the Chinese Foreign minister waving the flag seemingly for multilateralism a concept that seems to be under increasing strain and threat in the west we have the headlines europe has recorded its 1st death from corona virus after an elderly Chinese Tourists died in france the 4th person to die outside of Mainland China and south break has now killed more than 150