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So this story has been published by the papers, but what’s the big picture? Ol’ Putin is whispering into the oil and gas producing countries to create a gas-OPEC.
These countries attended his henchmen meeting: Algeria, Bolivia, Brunei, Egypt, Indonesia, Iran, Libya, Malaysia, Nigeria, Qatar, Russia, Trinidad and Tobago, the United Arab Emirates and Venezuela. Equatorial Guinea and Norway are attending as observers.
Do you find this funny? I do. Natural gas is an abundant source of energy. Sure, you can link the cost of oil drilling rising to slightly higher costs of gas, but it’s a bi-product. Have you ever driven past an oil well. I lived in Bahrain for a year, in the middle east, and I have. They have so much gas being produced from oil drilling, they burn off excess. A common practice.
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