Why Oil Will Be Common Ground at Davos 2017

The video discusses the significance of oil in US-Russia relations, especially under the Trump administration. It highlights historical attempts at oil diplomacy, the potential for renewed negotiations, and the challenges posed by sanctions and differing national interests. The role of key figures like Rex Tillerson and the impact of geopolitical factors are also examined.

Why is oil expected to be a significant topic of discussion at Davos?

• Due to the presence of key figures in the oil and energy industry.

• Because it is on the formal agenda.

• Because it is the main focus of the Trump administration.

• Due to recent oil spills.

What was a key factor in the breakdown of US-Russia oil relations in the early 2000s?

• The lack of interest from oil companies.

• The US's increase in oil production.

• The US's refusal to share new technology.

• Russia's decision to cut oil production.

What role does Rex Tillerson play in the potential US-Russia oil negotiations?

• He is a key figure in the Middle East peace talks.

• He is a member of the Russian government.

• He is the CEO of a major Russian oil company.

• He is the nominee for US Secretary of State with ties to Russia.

What is a major concern regarding the lifting of sanctions on Russia?

• The increase in oil prices.

• The impact on US oil production.

• The potential loss of US jobs.

• The difference between US national interests and oil company interests.

How might the removal of sanctions benefit Exxon?

• By allowing them to increase oil prices.

• By reducing their production costs.

• By increasing their market share in the US.

• By enabling them to resume investments in Russia.