THE INTERPRETER: Speaking at the ASEM forum in Milan, Russian President Vladimir Putin noted that the world economy will not sustain oil prices at around 80 dollars per barrel... US shale oil producers will suffer most. According to experts’ estimates, the cost of production is around 80-90 dollars a barrel, 4-5 times more than the traditional oil:Strategic-Culture.org

Monday, 20 October 2014

Speaking at the ASEM forum in Milan, Russian President Vladimir Putin noted that the world economy will not sustain oil prices at around 80 dollars per barrel... US shale oil producers will suffer most. According to experts’ estimates, the cost of production is around 80-90 dollars a barrel, 4-5 times more than the traditional oil:Strategic-Culture.org

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World community cannot sustain oil at $80 per barrel

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