they include venezuela, nigeria, russia, already feeling the heat from western sanctions. now, just a short time ago i spoke with chad brownstein, an energy analyst and chief executive offer of rocky mountain resources over in los angeles. i asked him what was behind the drop in oil prices. there was no view on what demand would look like so there was overdrilling in the united states and now we re at a place it s $70 a barrel or less that the consumer is going to benefit but long term there s thousand a concern amongst the secondary and tertiary markets within opec they can t sustain balancing their national budgets with the price being stagnant in the 70s. that s what this essentially comes down to. it s which nations are more exposed financially to the fluctuating oil prices. those relying heavily on exporting oil could suffer here, right, we re talking russia, nigeria, venezuela, but which nations do you think face the
CNN CNNI Simulcast October 20, 2014 06:18:30
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