Note: Segment begins at 20:57.

Erin sits down with Richard Heinberg – senior fellow at the Post Carbon Institute – to discuss oil. Richard tells us how he interprets the potential deal between China and Russia for Western Siberian gas and gives us his take on Saudi price cuts. He believes that the Saudi price cuts could help put the US fracking industry over the edge, making much of the oil from their wells unprofitable.

Recorded 11 November 2014 for RT: Boom and Bust.