The latest UK and international business, finance, economic and political news, comment and analysis from the Financial Times optimised for your device on app.ft.com.
It is not just tariffs, but also the Saudis pushing oil prices down. They have the lowest production price, so lowering the global oil prices gives them market share. US oil production is the one to loose. However the EU is going with sanctions against Russia, trying to force them to cut first. They much rather see the US keeping their current level of oil production.
We will see, but low oil prices are good news. It means less money for lobbying. So the cheaper green alternatives gain market share.
It is not just tariffs, but also the Saudis pushing oil prices down. They have the lowest production price, so lowering the global oil prices gives them market share. US oil production is the one to loose. However the EU is going with sanctions against Russia, trying to force them to cut first. They much rather see the US keeping their current level of oil production.
We will see, but low oil prices are good news. It means less money for lobbying. So the cheaper green alternatives gain market share.