Russia-Saudi revenge against shale oil threatens to crush entire US financial system, Professor Wolff tells Boom Bust ...United Arab Emirates

Global stock markets hit bear territory this week, with oil prices experiencing their biggest plunge since the 1991 Gulf War. Boom Bust is joined by Professor Richard Wolff of the Economic Update to discuss the ongoing oil crisis. He explains that the US, which wanted "energy independence," decided 10-20 years ago to go into the fracking business simply because it was profitable. "Fracking is very expensive… but everything was premised on the notion that the price of oil would stay very high," Wolff says. "The Saudis and the Russians were hurt by the emergence of the American fracking industry; they've hated that industry from day one

Read More Details
Finally We wish PressBee provided you with enough information of ( Russia-Saudi revenge against shale oil threatens to crush entire US financial system, Professor Wolff tells Boom Bust )

Also on site :

Construir una industria próspera de redes ópticas F5.5G para un nuevo crecimiento en la era de la IA
Namibia Considers Incentives to Help Launch its Oil Industry
Japan Moves to Shield Consumers from Soaring Gasoline Prices

Russia-Saudi revenge against shale oil threatens to crush entire US financial system, Professor Wolff tells Boom Bust ...United Arab Emirates

Rice prices in Japan more than double in May as core inflation jumps to highest levels since 2023

Innovapptive Unveils 15 AI Agents to Transform Industrial Frontline Operations

Oper8 Global Group Receives Frost & Sullivan's 2025 European Customer Value Leadership Recognition for Excellence in Edge Data Center Solutions

FinVolution Group Announces Proposed Offering of US$130 Million Convertible Senior Notes

Why Big Oil Isn’t Afraid of Peak Oil Demand

Trump’s Climate Subsidy Cuts Face Red-State Rebellion

Cui Li, CDO de ZTE, au MWC25 Shanghai : l'évolution numérique et intelligente ouvre une nouvelle ère de civilisation de l'IA

Dystany Spurlock to Make NHRA History With Support From Foxxtecca

Datamaran bringt sein Core-Produkt auf den Markt: Intelligenz für die nächste Ära der Nachhaltigkeit und Berichterstattung in Unternehmen

Kazakhstan, China Forge Uranium Partnership as U.S. Falls Behind

MBDA et AXISCADES s'engagent à étendre leur coopération stratégique

The Physics of Collapse: How to Adapt to Economic Shifts

Oil Price Momentum Tanks As Trump Dithers on Iran War Call

World News in Brief: Global investment plunges, hurricane season in Haiti, rising cholera and hunger in South Sudan

Returns 2.0: Tech-Enabled Reverse Logistics Powered by Two Boxes and Barrett Distribution Centers