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To: thackney

I recognize that Russia has always been a player, with their UN security council seat etc.. But since the collapse of the soviet union they were rendered fairly harmless, with exception of a thousand nuke missiles.

Only after they opened up their economy to foreign investment and technology did the petro dollars start to flow and they started a renewed flexing of the muscles.

My comment is based more on their economic status than the political.


9 posted on 01/22/2009 5:15:16 PM PST by o_zarkman44 (Since when is paying more, but getting less, considered Patriotic?)
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To: o_zarkman44
No doubt the oil price has helped them.

But in 2007, based upon the average F.O.B. price paid for world oil and their exports, that was 6% of their GDP.

https://www.cia.gov/library/publications/the-world-factbook/geos/rs.html#Econ

http://tonto.eia.doe.gov/dnav/pet/pet_pri_imc1_k_a.htm

Assuming a their price of oil rose the same average percentage that WTI did on the NYMEX, add 38% to the 2007 data for 2008. (2008 world prices are not compete in data collection and posted results)

http://tonto.eia.doe.gov/dnav/pet/pet_pri_fut_s1_a.htm

I'm not sure how much if any their 2008 exports climbed, but this still probably reached at the most 10% of their GDP.

It has helped, but they were far from insignificant in World Politics without this.

fairly harmless, with exception of a thousand nuke missiles

Fairly harmless, except for their ability to destroy much of the world's population... yeah, about that harmless.

10 posted on 01/22/2009 5:24:27 PM PST by thackney (life is fragile, handle with prayer)
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