[armydawg505]

The oil flowing out of the ground in the United States is like blood flowing out of Russian veins. The more we pump, the more the Russian economy dies.

[chud]

I'm actually concerned about this because I wouldn't be surprised if the US is somehow behind the falling oil prices, for the express purpose of hurting the Russians and Putin.
If that is the case, I think Obama is playing a dangerous game by poking and irritating Putin.
A war with Russia would be very damaging to our economy (among other things) right now.

[Cen-Tejas]

.......hmmmm......reading this article I could not help but see the many ironies between the American People and the Russian People respecting their governments and particularly the last sentence!

To be sure, we share the “what’s it gonna take to make it crack” comment and “we don’t want a bloody revolution” remark.

The point about “lots of patience” is a “not so much” re the American People.

[wayoverontheright]

I'm actually concerned about this because I wouldn't be surprised if the US is somehow behind the falling oil prices, for the express purpose of hurting the Russians and Putin.

I think you are ascribing much more power to the US (Obama) to do this than it actually has.

Crude oil is a world market, and Obama has done everything he could to make fossil fuels more expensive, not less. It's all happening because:

1-The strength of the US dollar, because as bad as our economy is, it is better relative to other nations. Strong dollar means it takes less of them to buy a commodity.

2-US domestic oil extraction is booming because of hydraulic fracturing and horizontal drilling tech advances. More supply. Lots more. We can thank private property laws, Obama simply can't do anything about it. Yet.

3-Other countries affected by the low prices are pumping all they can to balance budget.

[Grampa Dave]

Crashing Oil Prices Will Be Terrible ONLY For A Tiny Part Of The US Economy

http://www.businessinsider.com/energy-investment-a-small-share-of-gdp-2014-12

[Steely Tom]

Just a few weeks ago, 300 rubles was worth about $10. Now, it's about half that.

First I've heard of this.

I remember so well the gleeful MSM articles - of a few years ago - announcing each new milepost on the U.S. dollar's downward spiral.

I should have guessed why they've disappeared.

[RinaseaofDs]

Remember not 10 years ago, all the big accounting/consulting firms were all saying, “You have to be in the BRIC countries, or you won’t make it?”

Only India is worth investing in, and only because they overthrew the liberal idiots grinding the economy down and replaced them with free market types.

[Patriot777]

“The economy will tank, Stepanov predicted, “and this will elicit mass dissatisfaction among the public. That will activate political battles, and that will lead to a peaceful change of power.”—
If I were to use “Putin” and “peaceful” in the same sentence...

[wolf78]

Thursday, I exchange dollars for rubles and get a rate of 54.20. By Saturday it's 57 rubles to the dollar.


Isn't it like 80 right now?