Americans accused Russia of bankruptcy of one of the largest US shale oil companies


One of America’s largest oil shale drilling companies declared bankruptcy on Wednesday - it is expected to be the result of an energy war between Russia on the one hand and the United States and its allies on the other. About this writes the American magazine The National Interest. One of the reasons for possible bankruptcy is also called the situation with coronavirus.


Whiting Petroleum has thus become the first natural shale gas company to go bankrupt in the current foreign policy realities. At the same time, many energy producing corporations are currently having difficulty servicing their financial debt due to a price war between the leading powers in the energy market.

According to US officials, the culprit in the situation on the oil market was Russia, which seeks to fill the market with large volumes of "black gold", while Saudi Arabia has reduced oil production. As a result, oil prices fell to $ 30 per barrel and below.


US Shale Fields

The Kremlin, according to Americans, is concerned that the US will take advantage of the situation and use shale oil to fill the market.

According to Buddy Clark, co-chair of Haynes & Boone Law Firm, in the near future we can expect an increase in the number of bankruptcies among US energy companies, since the supply of energy on the world market significantly exceeds their demand.
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  1. Bakht Offline
    Bakht (Bakhtiyar) April 7 2020 09: 32
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    One of America's Largest Shale Drilling Companies Announces Wednesday bankruptcy

    This article is April 5

    As the first sign, they cite the announcement of the start of the bankruptcy proceedings for Whiting Petroleum, whose debt is $ 2,2 billion. In this case, there is a clear substitution of concepts: the process of “financial restructuring” and bankruptcy are two different things. The official Whiting Petroleum press release stated:

    The company has more than $ 585 million in its balance sheet, and it will continue to operate normally without interference to suppliers, partners or employees.

    https://topcor.ru/13975-mirovaja-neftjanaja-otrasl-okazalas-na-poroge-bolshogo-razdela.html#comment
    1. Lieutenant Rzhevsky I April 7 2020 10: 00
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      Quote: Bakht
      In this case, there is a clear substitution of concepts: the process of “financial restructuring” and bankruptcy are two different things.

      I remember that Ukraine conducted a financial restructuring under the guidance of the wise Yaresko. Dangerous thing.
      1. Nick Offline
        Nick (Nikolai) April 7 2020 21: 48
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        Quote: Lieutenant Rzhevsky I
        Quote: Bakht
        In this case, there is a clear substitution of concepts: the process of “financial restructuring” and bankruptcy are two different things.

        I remember that Ukraine conducted a financial restructuring under the guidance of the wise Yaresko. Dangerous thing.

        Today, a figure has slipped on Day TV that, due to falling oil prices, about 70% of US oil companies are already in the queue for this "restructuring". fellow
      2. Astronaut Offline
        Astronaut (San Sanych) April 8 2020 18: 22
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        The only difference is that in case of bankruptcy anyone can buy property and assets, and in case of restructuring, a specific buyer is selected in advance.
  2. slesarg65 Offline
    slesarg65 (Igor Ivanov) April 7 2020 09: 49
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    A strange kind of energy war! Russia, which is on an energy needle, cuts eggs for itself!
    The Saudis and SASHEVS are in shock! Well, nothing takes these Russians!
    What did you expect?
    Well look! We are not chasing expensive oil, there is a balance!
    But if we assume that we must now be equal to American shale oil, which is difficult to produce, then probably we need to change the standards?
    1. Nick Offline
      Nick (Nikolai) April 7 2020 21: 38
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      Quote: slesarg65
      A strange kind of energy war! Russia, which is on an energy needle, cuts eggs for itself!

      Well enough already to tell about an energy needle of a fairy tale. The share of oil and gas in the structure of Russian GDP last year was only 7,2%.

      https://1prime.ru/state_regulation/20190919/830338839.html
      1. cmonman Offline
        cmonman (Garik Mokin) April 7 2020 21: 55
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        From your own link:

        The share of oil and gas revenues in total federal budget revenues will decrease from 40,8% in 2019 to 35% in 2022.

        40% are by no means equal 7.2%
        1. Nick Offline
          Nick (Nikolai) April 7 2020 22: 25
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          Quote: cmonman
          From your own link:

          The share of oil and gas revenues in total federal budget revenues will decrease from 40,8% in 2019 to 35% in 2022.

          40% are by no means equal 7.2%

          You are the country's GDP with the Fed. do not confuse the budget. In the total volume of production of goods and services in Russia, including the agricultural sector of the economy, the share of oil and gas is only 7,2%. The share of taxes from oil and gas in the federal budget, yes, 40%. But if we take it correctly, then we must take into account the entire state consolidated budget, which includes the budgets of the regions and municipal budgets. If the federal part of the consolidated budget is approximately 20 trillion rubles, then the entire consolidated state budget is 40 trillion rubles. Therefore, the share of oil and gas revenues in the total budget of the country is much lower.
          1. cmonman Offline
            cmonman (Garik Mokin) April 8 2020 02: 23
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            I am very happy for Russia - it overtook the United States by% of gas / oil in GDP, because 7.8% in the USA and 7.2% in Russia. Already raised from one knee !!!
            1. Nick Offline
              Nick (Nikolai) April 8 2020 07: 30
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              Quote: cmonman
              I am very happy for Russia - it overtook the United States by% of gas / oil in GDP, because 7.8% in the USA and 7.2% in Russia. Already raised from one knee !!!

              Yes, actually, on their knees and did not stand before any of the mortals.
    2. Astronaut Offline
      Astronaut (San Sanych) April 8 2020 18: 25
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      And what is incomprehensible here? Russia wants the States to participate in the reduction, and not just OPEC +. Otherwise, Russia and OPEC will reduce production, and the States will take their place. The price will not change, and the proceeds will go to the States - this is also “egg cutting”!
  3. Lieutenant Rzhevsky I April 7 2020 10: 05
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    What is wrong with speculators blaming Russia?
  4. nov_tech.vrn Offline
    nov_tech.vrn (Michael) April 7 2020 10: 16
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    At first glance, there is no point in this news. We translated and added a few introductory words, the phrase “according to opinion” is especially impressive, there is no analysis and there seems to be no position of the author, but she is! Russia is blamed for the problems of the shale industry, this is the main message of the article, although most analysts say that in the current crisis, the actions of Saudi Arabia, with an obvious trace of the United States, are clearly traced. For reference, you can see plans to barrage oil supplies to the United States and the refusal of the Saudis to extend the current 3-month restrictions at the time of negotiations in OPEC +. Having abandoned this, the Saudis began dumping and, due to this, tried to increase the supply of their oil to Europe. The ultimate goal is a redistribution of the market.
    1. Nick Offline
      Nick (Nikolai) April 7 2020 21: 41
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      Quote: nov_tech.vrn
      The ultimate goal is a redistribution of the market.

      That's it! And Russia has serious opportunities to preserve its share, and possibly increase it.
  5. The comment was deleted.
  6. Lieutenant Rzhevsky I April 7 2020 10: 24
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    What are you worried about these people? They did not fit into the market. Do not think about it - new ones will grow.

    Anatoly Borisovich Chubais.
  7. 69 Offline
    69 April 7 2020 10: 54
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    The financial pyramid was not invented by Mavrodi, but by the US shale.
    1. Lieutenant Rzhevsky I April 7 2020 11: 08
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      Actually, the creators of the Fed.
  8. zz811 Offline
    zz811 (Vlad Pervovich) April 7 2020 10: 57
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    This is for you Deripaska! )))
  9. Chet Offline
    Chet (Chet) April 7 2020 14: 50
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    Thank God that I do not live in the United States, otherwise I would have thought of giving something good in the face of the rain.
    If Russia is always and everywhere to blame for them.
    1. Nick Offline
      Nick (Nikolai) April 7 2020 21: 44
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      Quote: Chet
      Thank God that I do not live in the United States, but what good things would have come to their senses in the face.
      If Russia is always and everywhere to blame for them.

      Take an example from Svidomo ... wassat or svidomity with Yankers? recourse In short, you’ll get confused ... request
  10. boriz Offline
    boriz (boriz) April 7 2020 16: 20
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    The Americans accused Russia of bankruptcy of one of the largest US shale oil companies.

    Should I burst into tears?
  11. cmonman Offline
    cmonman (Garik Mokin) April 7 2020 21: 39
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    Actually, the editorial office is in a fever (is it not sick?) - yesterday an objective article:
    “Shale oil: it will not lose its place in the market.”

    https://topwar.ru/169854-slancevaja-neft-svoe-mesto

    wherein:

    ... Some experts even agreed to the fact that "Saudi Arabia and Russia destroyed the American shale." Such estimates arise quite often. In some ways, they resemble long-term forecasts of the collapse of the American dollar, which is still alive and rules the world.

    and today (probably to raise patriotism) -

    The Americans have accused Russia of bankruptcy of one of the largest US shales ”, in which there is not a word about Russia's guilt in bankruptcy, one title.

    C'mon man, or “Russian circus circus of all circuses ...
  12. Vkd dvk Offline
    Vkd dvk (Victor) April 7 2020 23: 41
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    Quote: slesarg65
    A strange kind of energy war! Russia, which is on an energy needle, cuts eggs for itself!
    The Saudis and SASHEVS are in shock! Well, nothing takes these Russians!
    What did you expect?
    Well look! We are not chasing expensive oil, there is a balance!
    But if we assume that we must now be equal to American shale oil, which is difficult to produce, then probably we need to change the standards?

    For never educated:
    Dumping is a great force capable of crushing a powerful competitor. But, for this you need to have the most powerful muscle. The shales will go bankrupt, lose the market that the SURVIVOR will take (also with good bruises), and then you can think a little about getting profit. This condition will not be long. Sooner or later, shale will be restored, not a fact, the same companies, most likely others. The old, ruined, economic trust will not be long, which will finally finish them. But a respite in the oil trade for a dozen years, we may receive.
    1. NordUral Offline
      NordUral (Eugene) April 8 2020 23: 04
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      Sooner or later, shale will be restored, not a fact, the same companies, most likely others.

      Maybe the same. They have a bankruptcy procedure that affects the recovery of the economy as a whole, and not like these, which rule our country, that is set up for weaning and ruining (destroying) the business.
  13. Grinj Offline
    Grinj (Grigory Balabanov) April 8 2020 06: 40
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    More will come next.
  14. Roarv Offline
    Roarv (Robert) April 8 2020 14: 29
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    There is a war of barrels and rigs.
  15. NordUral Offline
    NordUral (Eugene) April 8 2020 23: 02
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    Poor guys, now, I suppose, will shoot themselves.
  16. duchy Offline
    duchy (Salih) April 9 2020 05: 49
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    No matter how the Americans would like to sit overseas, but apparently fate will not work. Russia does not even think to use force, and in the USA, everything that happens will be attributed to the "machinations" of the Russians. Probably, an invisible army of telepaths and invisibles entered the battle.
  17. Alexander Efremov_2 (Alexander Efremov) 3 May 2020 15: 24
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    Nonsense. How can a regional power tear apart a torn economy to threaten the super-duper economy of great America?