THIS is a clear message to Russia, Venezuela and the likes, don’t mess with Uncle Sam. If Russia continues to parade on the sovereignty of smaller countries and ignores the sanctions imposed by the USA and the EU we can all keep smiling all the way to the gas pumps! 

This action of falling oil prices did not just happen, it was a carefully orchestrated and planned event which will no doubt have severe ramifications in the Russian economy and countries like Venezuela will experience unbelievable hardships! With the USA being the largest importer of crude oil as well as holding an extremely large reserve capacity, they can certainly afford to control and dictate the fluctuation of crude oil prices.
In the interim, signing concessions and exercising waivers on taxes of oil sold to the other G-12 member countries which will have a less significant negative economic impact on those countries. Now that prices of oil are at a level we are certainly familiar with, it is interesting to see Russia’s next move, should they continue their bullying of Crimea and not adhere to the sanctions imposed on them then it’s safe to say we can enjoy cheap petrol prices for a long time to come! Check mate!

JUSTIN WILTSHIRE