Posted on 12/16/2014 11:07:01 AM PST by elhombrelibre
Except Iraq is not a Russian proxy, neither is Iran.
Syria is no longer a force to be reckoned with
Russia supplies Iran with enriched uranium to make a nuclear weapon and helpes them develop the missiles to deliver it. Yes Iran is a Russian proxy. So is Syria.
Oil crashing is great! Low gas prices and Russia, Venezuela, and various middle eastern terror states all squirming. Sure, some good guys who base their entire economy on oil (Norway, I’m talking to you!) will get hurt too, sorry to hear that. But truthfully, I’m not seeing a big downside to this in spite of the press constantly trying to portray this as some sort of disaster.
I agree. It’s a win for the USA and our consumers. I know we have Putinistas around here who base their happiness on how thinks are going for Uncle Vladimir, but as long as he wants to use violence to intimidate his neighbors I hope his boyfriend’s butt grows shut.
The Krone was the proxy for the ruble since the west stopped trade in rubles. And since the Krone had not been affected by massively jacked up interest rates, it could only go down. You cannot squash Russian oil producers by lowering the ruble and the price of oil in dollars simultaneously. That is just more stupidity out of Europe and the US. Russians oil cost to produce is in rubles not dollars. You can only hurt the Russian people and oil producers with cost tied to US dollars in that idiotic scenario.
Oil Production now represents almost 2-3% of U.S. GDP.
The FED has been talking about getting inflation up to 2-3%. As gas prices go down, and the related costs of goods goes down, they are going to start talking DEFLATION....
Deflation won’t pay off the debt, so Interest rates will have to go up, sharply.
Because oil and gas production are now, besides government spending, our only “Growth” industry, it means short term gains, long term pains.
Remember, we no longer have a “Significant” manufacturing sector. We CONSUME, we no longer PRODUCE.
The relation is vendor/customer
Iran and Syria are customers....... Russia is hurting for customers and sucks up to them
It’s no coincidence that Russia supplies weapons to all of America’s enemies, just like during Soviet times. KGB officer Putin’s policy is to support all of America’s enemies all around the world and do everything he can to hurt us and our allies. Russia is our number one enemy in the world.
The reason they sell weapons is that weapons is about all they have to sell
Take way weapons and oli and there is almost nothing left and that is sold on credit to deadbeats that don’t pay
It has little to do with Putin’s background. It has more to do with his inability get his economy to produce anything worth a damn for export.
Interesting observations. Thanks for your input.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.