Pipelineistan

Chris Doss chrisd at russiajournal.com
Mon Jan 28 23:30:30 PST 2002


Very, very partly bowing. Bowing so little, in fact, that the amount of oil export Russia agreed to lower was about equal to the expected drop due to falling world oil prices.

Chris Doss The Russia Journal

---------------- Hakki said:

Saudi fixing of oil pricing isn't what it used to be since Saudi gave up being a swing producer in 85, but with a quarter of world reserves, and the highest quality, lowest cost product on the market, it still packs quite a wallop, as witnessed by the latest faceoff with Putin which ended with Russia partly bowing to OPEC pressure to reduce output.



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