Keyword: russia

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  • Poll: 80 Percent Back Putin Even as Ruble Falls

    12/17/2014 9:25:50 PM PST · by Bettyprob · 10 replies
    The New York Times ^ | Dec. 18, 2014 | The Associated Press
    MOSCOW — From a Western perspective, Vladimir Putin's days as president of Russia should be numbered: The ruble has lost more than half its value, the economy is in crisis and his aggression in Ukraine has turned the country into an international pariah. And yet most Russians see Putin not as the cause, but as the solution. The situation as seen from a Russian point of view is starkly different from that painted in the West, and it is driven largely by state television's carefully constructed version of reality and the Kremlin's methodical dismantling of every credible political alternative. As...
  • Traders Betting Russia’s Next Move Will Be to Sell Gold

    12/17/2014 1:49:34 PM PST · by OneLoyalAmerican · 26 replies
    Zerohedge ^ | Tyler Durden | 12/17/2014
    "Russia is at a critical juncture and given the sanctions placed upon them and the rapid decline in oil prices, they may be forced to dip into their gold reserves, if it happens it will push gold lower." That is what, according to some people Bloomberg has quoted, is in the cards.
  • Is Ruble Collapse Act of War-Paul Craig Roberts

    12/17/2014 12:58:34 PM PST · by GilGil · 37 replies
    USAWatchDog ^ | 12/17/2014 | Paul Craig Roberts
    On the teetering economy and possible economic collapse, Dr. Roberts says, “We know something serious is wrong. The only provision of Dodd-Frank that has any teeth is the provision that says if the big banks are going to be casinos and gamble on derivatives, they cannot do that in the depository institution where depositors have their accounts. They have to farm it out into subsidiaries. So, if the subsidiaries get into trouble, the subsidiaries have no access to depositors’ money. This is the only real reform part of Dodd-Frank. Citigroup got put into the recent spending bill, the repeal of...
  • This Is What a Currency Collapse Looks Like

    12/17/2014 11:11:24 AM PST · by Kartographer · 58 replies
    SHTF Plan ^ | 12/17/14 | Mac Slavo
    Full Title:This Is What a Currency Collapse Looks Like: Shopping Frenzy: “We Have A Lot Of Rubles Losing Value Every Second” “I don’t need this car,” he said with a shrug. He already owns two Porsches and a Land Rover. But, he figured the prices will soon go up and the ruble will probably go down. “We are headed for a crisis,” he said. … Electronics stores were packed late into the evening as shoppers scooped up iPhones and iPads at prices over $100 lower than what they cost in the United States. Apple’s Russian website halted online sales “due...
  • Gold Roubles - This Is What Gold Does In a Currency Crisis

    12/17/2014 10:39:37 AM PST · by blam · 13 replies
    TMO ^ | 12-17-2014 | John_Rubino
    December 17, 2014 John Rubino To say that gold is in a bear market is to misunderstand both gold and markets. Gold isn't an investment that goes up and down. It is money in the most basic store-of-value sense. Most of the time it just sits there, and when its price changes in local currency terms that says more about the local currency than about gold. But when currencies collapse, gold shines. Consider the above from the point of view of a typical Russian. The ruble is tanking (no need to understand why -- all fiat currencies go this way...
  • Panic on the streets of Russia: Worried shoppers queue to panic-buy big-ticket items amid fears

    12/17/2014 8:33:35 AM PST · by C19fan · 53 replies
    UK Daily Mail ^ | Decemeber 17, 2014 | Chris Pleasance
    Russia shoppers have been panic-buying everything from cars to flat pack furniture today after stores warned of price hikes at the weekend following a sharp fall in the value of the rouble. Several Ikea stores have been forced to close after the company warned its prices will go up from tomorrow, while cars and home appliances have been bought in record numbers. The rouble has slid 15 per cent in just two days, hitting an all-time low of 80 to the dollar at one point yesterday, prompting fears of a run on Russian banks.
  • What the Hell Is a “Conventional Currency Unit?” (Russia)

    12/17/2014 8:02:58 AM PST · by C19fan · 6 replies
    Vocatix ^ | December 16, 2014 | Sarah Kaufman
    Russians are saying “ooh yeh” to the collapse of their currency, but it’s not as positive as it might sound to Western ears. As the value of the ruble goes into free fall, Russians are preparing for a return to the economic chaos of the ’90s. At a retail level, it means that store managers across Russia are rewriting their price tags in a currency Russians call a “conventional currency unit.” In Russian, the phrase for “conventional currency unit” is uslovnaya yedinitsa—abbreviated to an acronym pronounced ooh yeh.
  • "Ripped our guts again": Family that lost relatives in Flight 370 loses another in Ukraine crash

    07/18/2014 2:35:37 PM PDT · by Responsibility2nd · 6 replies
    CBS/AP ^ | 07/18/2014
    Relatives, friends and colleagues paid tribute Friday to Malaysia Airlines Flight 17 crash victims even before the airline released their names as it scrambled to contact the next of kin of the victims. For one Australian family, the crash represented an almost unbelievable double tragedy. Kaylene Mann's brother Rod Burrows and sister-in-law Mary Burrows were on board Malaysia Airlines Flight 370 when it vanished in March. On Friday, Mann found out that her stepdaughter, Maree Rizk, was killed on Flight 17. "It's just brought everyone, everything back," said Greg Burrows, Mann's brother. "It's just ... ripped our guts again."
  • Sorry, Putin. Russia’s economy is doomed

    12/15/2014 10:12:57 PM PST · by elhombrelibre · 151 replies
    Washington Post ^ | 15 Dec 14 | Matt O'Brien
    A funny thing happened on the way to Vladimir Putin running strategic laps around the West. Russia's economy imploded. The latest news is that Russia's central bank raised interest rates from 10.5 to 17 percent at an emergency 1 a.m. meeting in an attempt to stop the ruble, which is down 50 percent on the year against the dollar, from falling any further. It's a desperate move to save Russia's currency that comes at the cost of sacrificing Russia's economy. So even if it "works," things are about to get a lot worse. It's a classic kind of emerging markets...
  • Vladimir Putin's woes are about to get worse

    12/17/2014 4:26:55 AM PST · by elhombrelibre · 20 replies
    CNN ^ | 17 Dec 14 | Frida Ghitis
    What would you do if you were Vladimir Putin? What would you do if you were a Russian citizen? Russia's economic problems -- slowly incubating in recent months -- are about to get a lot worse. And that should make all of us nervous.
  • Russia risks Soviet-style collapse as rouble defence fails

    12/17/2014 4:51:27 AM PST · by elhombrelibre · 30 replies
    Daily Telegraph ^ | Ambrose Evans-Pritchard
    Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after "shock and awe" action by the central bank failed to stem the collapse of the rouble. “The situation is critical,” said the central bank’s vice-chairman, Sergei Shvetsov. “What is happening is a nightmare that we could not even have imagined a year ago."
  • Oil Prices, Sanctions and Currency Collapse Put Putin in a Bind

    12/17/2014 4:37:09 AM PST · by elhombrelibre · 10 replies
    NBC ^ | 16 Dec 14 | Erin McClam
    Vladimir Putin is suddenly feeling the squeeze. The Russian president, earlier this year a swashbuckling land-grabber who seemed to confound the West, finds himself in a three-way economic vise — tumbling oil prices, punishing sanctions and now a collapse in his country's currency. "He really is going to be hit by a perfect storm," said Andrew Kuchins, director of the Russia program at the Center for Strategic & International Studies. "Although much of it is his own making." The value of the Russian ruble plunged by as much as 20 percent on Tuesday despite a desperate attempt by the central...
  • Russian ruble suffers new fall but the collapse slows

    12/17/2014 4:01:33 AM PST · by elhombrelibre · 11 replies
    Reuters ^ | 17 Dec 14 | Vladimir Abramov and Alexander Winning
    The dramatic fall in Russia's ruble slowed on Wednesday, with the government selling foreign currency to prop it up after a 50 percent fall against the dollar this year. Losses were partly contained by exporters selling dollars in preparation for paying their monthly tax bills but the slide was less precipitous than in the past two days when it fell about 20 percent against the dollar. At 0508 ET, the ruble was down around 1.6 percent against the dollar at 68.58 rubles per dollar and was 0.3 percent weaker versus the euro at 85.40.
  • The Ruble’s Fall and Mr. Putin’s Reckoning

    12/17/2014 12:35:04 AM PST · by elhombrelibre · 39 replies
    NYT ^ | 16 Dec 14 | OP ED
    Russians are watching their country suffer another avoidable economic calamity. The blame for this rests largely with the disastrous policies of President Vladimir Putin, who has consistently put his ego, his territorial ambitions and the financial interests of his cronies ahead of the needs of his country. ........................................................ Long before he annexed the Crimean peninsula and began backing pro-Russian forces in eastern Ukraine, Mr. Putin created an economic system that allowed a coterie of insiders to grow wealthy on Russia’s vast oil and gas reserves. He did little to diversify the economy or to make it more resilient. Now Russian...
  • Russians Are Scrambling To Get Their Hands On US Dollars

    12/16/2014 10:05:30 PM PST · by blam · 49 replies
    BI ^ | 12-17-2014 | Elena Holodny
    Elena Holodny December 16, 2014As Russia's currency crisis unfolds, Russians are scrambling to get their hands on US dollars. Even Russians working in the oil sector are rushing to trade their rubles in for dollars. A bank in Russia's Khanty-Mansiysk region — aka an area in Russia that produces approximately 51% of Russian oil — has completely run out of dollars, and is almost out of euros, reports Interfax. The bank still has rubles. "Basically, what this means is that people who work in the oil industry [in Khanty-Mansiysk] just got all of their money out of the bank in...
  • Western Banks Cut Off Liquidity To Russian Entities

    12/16/2014 5:42:31 PM PST · by Kartographer · 60 replies
    ZeroHedge ^ | 12/16/14 | Tyler Durden
    As Zero Hedge first reported today, shortly before noon one (and subsequently more) FX brokers advised clients that any existing Ruble positions would be forcibly closed out because "western banks have stopped pricing USDRUB", over concerns of Russian capital controls. Ironically, it was this forced liquidation of mostly short RUB positions that pushed the RUB higher, which in turn had a briefly favorably impact on energy commodities and risk assets, as the market had by then perceived the Ruble selloff as excessive. Of course, since nothing had actually changed aside from a temporary market technical, the selloff promptly resumed into...
  • Lithuanian archbishop worried Russian will move against Baltic states

    12/16/2014 3:23:00 PM PST · by Tailgunner Joe · 9 replies
    catholicsentinel.org ^ | December 16, 2014
    WARSAW, Poland — A top Baltic church leader voiced concern about possible Russian aggression against Lithuania, Latvia and Estonia, and appealed to Western Catholics to be better informed about the situation. "We're in the front line, and Russia has made its intentions clear. While we feel NATO's support, we know the front could move forward if the international community fails to stand firm," said Archbishop Gintaras Grusas of Vilnius, president of the Lithuanian bishops' conference. "What isn't fully realized in the West is that the information and propaganda war which preceded the military action against Ukraine is very much underway...
  • Cold War comeback: U.S.-Russia locked in high-stakes submarine drone race

    12/17/2014 5:58:17 AM PST · by C19fan · 10 replies
    Washington Times ^ | December 16, 2014 | Douglas Ernst
    The U.S. Navy’s Pacific Command’s recent announcement that it has successfully completed tests on its GhostSwimmer unmanned underwater vehicle prompted an immediate rebuttal from Russia: They, too, are close to unmanned submarine drones. The U.S. Navy first trumpeted its successful test on Friday.
  • Russia Is Throwing The Kitchen Sink At The Ruble To Try To Stop Its Collapse

    12/17/2014 5:18:08 AM PST · by blam · 10 replies
    BI ^ | 12-17-2014 | Mike Bird
    Mike Bird December 17, 2014 After a brutal sell-off Tuesday, the ruble shot up in early trading Wednesday morning, rising by nearly 7%, from 68 to the dollar to 63.16 at 8:09 a.m. GMT. The rise came as the Russian finance ministry intervened in the currency market, according to Bloomberg. That means it's selling off a chunk of its dollar reserves to buy rubles, driving the currency's value up. By 9 a.m., though, the exchange rate fell back to where it started, and the ruble is falling again: down 0.68% at 68.51 as of 10:15 a.m. GMT. Here's how the...
  • Apple temporarily halts Russian online sales over currency issues

    12/16/2014 7:34:14 PM PST · by SeekAndFind · 15 replies
    C/NET ^ | 12/16/2014 | by Shara Tibken
    Russian customers waiting for Apple's iPhone 6 will have to wait longer. The Cupertino, Calif., electronics giant on Tuesday temporarily shuttered its online store in the Eastern European country because of the instability of Russia's currency. Apple doesn't operate physical stores in the country, and the company declined to say when it would resume online sales there. "Due to extreme fluctuations in the value of the ruble, our online store in Russia is currently unavailable while we review pricing. We apologize to customers for any inconvenience," Apple said in a statement. The ruble has been dropping sharply in recent days...
  • RUSSIA'S SINKING ECONOMY BECOMING A GLOBAL THREAT

    12/16/2014 3:14:47 PM PST · by Star Traveler · 82 replies
    Associated Press ^ | Tuesday, December 16, 2014 | Josh Boak
    WASHINGTON (AP) -- Russia's suddenly escalating financial crisis risks spilling beyond its borders and endangering parts of the global economy. With economies in Europe, Japan, China and Latin America already ailing, fresh threats have emerged from Russia's shriveled currency, its move to dramatically boost interest rates, the damage from plummeting oil prices and Western sanctions over Russia's action in Ukraine. The alarming 10 percent drop in the ruble over the past two days has amplified the economic turmoil in Russia. Investors fear that Russia may default on its foreign debt obligations - a move that would inflict hundreds of billions...
  • Putin's cronies lose $50 billion

    12/16/2014 1:45:51 PM PST · by elhombrelibre · 58 replies
    CNN ^ | 16 Dec 14 | Ivana Kottasova
    Ouch! Russian billionaires have lost more than $50 billion this year due to the country's unfolding economic nightmare. Western sanctions, low oil prices and the falling ruble have wiped billions off the wealth of Russia's 15 richest men, according to data from Bloomberg. The chairman of Russian gas producer Novatek has suffered the biggest losses, seeing his portfolio shrink by an estimated $8.7 billion. That's equivalent to a loss of nearly 50%.
  • Chechen leader Ramzan Kadyrov wants to quit his high post to go to help militias in Donbas

    12/16/2014 1:18:18 PM PST · by Tailgunner Joe · 3 replies
    itar-tass.com ^ | December 16, 2014
    MOSCOW, December 16 /TASS/. Chechen leader Ramzan Kadyrov said on Tuesday that he wanted to quit his high state post and leave for Ukraine’s Donbas region to help the local militias, the NTV channel reported on its website. Commenting on initiation of criminal proceedings against him in Ukraine and Kiev’s threats to put him on the international wanted list, Kadyrov told NTV’s “Bez Kupyur” (Without Banknotes) program that they could keep wagging their tongues for as long as they liked. “They can keep saying whatever they like. But I am going to ask the (Russian) president for permission to quit...
  • Sense or Sabotage? Russia's Central Bank Takes Flak for Interest Rate Hike

    12/16/2014 1:22:46 PM PST · by Tailgunner Joe · 25 replies
    themoscowtimes.com ^ | December 16, 2014 | Delphine d'Amora
    The Central Bank's midnight decision to hike Russia's key interest rate to 17 percent set off clashing waves of support and opprobrium Tuesday as Russia struggled to come to terms with its new economic reality. The regulator's decision to raise rates by 6.5 percent followed the ruble's 10 percent nosedive against the U.S. dollar on Monday, its steepest single-day decline since the financial crisis of 1998. Despite the measure, the Russian currency fell sharply on Tuesday, at one point weakening 20 percent to touch a new low of 80 rubles to the dollar. Western sanctions over the Ukraine crisis, oil...
  • Currency Brokers: The Russian Ruble Is Hereby Halted Until Further Notice

    12/16/2014 2:18:02 PM PST · by SeekAndFind · 21 replies
    Zero Hedge ^ | 12/16/2014 | Tyler Durden
    Earlier, we reported that various currency brokers such as FXCM and FxPro, would - as a result of the soaring liquidity in the USDRUB pair - suspend trading in the Russian Ruble (while other merely hiked margins to ridiculous levels). It appears things have escalated again, and as FXCM just reported, instead of just politely advising clients not to open new USDRUB position tomorrow, it has advised anyone long, or short, the USDRUB that their positions will be forcibly shut in moments. So for those curious why there appears to be a collapse in Ruble volatility in the past...
  • Iran Is Basically Running The Iraqi Government's Air War Against ISIS

    12/16/2014 11:07:12 AM PST · by tcrlaf · 11 replies
    BI ^ | 12-16-2014 | Joel Wing
    In November 2014 an Iranian jet was filmed carrying out a bombing mission in Iraq’s Diyala province. Iran was already known to have mobilized its militia allies, sent in advisers and military equipment, and brought in Lebanon’s Hezbollah to help Baghdad. General Qasim Suleimani, the head of the Iranian Revolutionary Guards' Quds Force, is all over social media with pictures showing him providing leadership to Iraqi forces.
  • U.N. official: We have 'run out of words' to describe conflict in Syria

    12/15/2014 5:43:46 PM PST · by Citizen Zed · 22 replies
    12 news now ^ | 12-15-2014 | Lorenzo Ferrigno CNN
    "Every time we use a new figure in relation to the Syrian crisis, we say that it is unprecedented. We have run out of words to fully explain the brutality violence and callous disregard for human life which is a hallmark of this crisis," Valerie Amos, the U.N. chief for humanitarian affairs said. The Syrian government has used barrel bombs in densely populated areas and "arbitrarily detained" citizens and subjected them to serious beatings and torture. Armed opposition groups have taken locals hostage and killed civilians by using explosive mortar and car bombs. ISIS has committed "mass victimization" of civilians,...
  • Saudi Arabia’s oil war against Iran and Russia

    12/16/2014 11:13:56 AM PST · by Star Traveler · 47 replies
    The New York Post ^ | Sunday, December 14, 2014 | Ralph Peters
    This week, oil fell through the price floor of $60 a barrel and gas at my local filling station was $2.26 a gallon. That’s great news for commuters and almost every business, but wonderfully bad news for our ugliest enemies. This price plunge has been driven by Saudi Arabia, OPEC’s dominant power. While it’s true that part of Riyadh’s actions respond to the energy renaissance in North America, the greater motivation is breaking Iran’s will. The Saudis believe they can no longer rely on the US to contain Tehran’s imminent nuclear threat, so they’re out to do what our lukewarm...
  • Russia Contagion Spreads To European Banks : French SocGen, Austrian Raiffeisen Plummet

    12/16/2014 12:15:39 PM PST · by Former Proud Canadian · 4 replies
    Zerohedge ^ | Sept 16, 2014 | Tyler Durden
    . We recently noted the rise of counterparty risks in the financial system due to oil prices dropping (and leveraged derivative exposures) but as the Russia situation has deteriorated so dramatically this week, a renewed focus on bank exposures has sent stocks reeling (and credit risk soaring) among many European (and US) banks. As Bloomberg reports, Raiffeisen Bank International and Societe Generale, the European banks with most at stake in Russia, led European lenders lower. Raiffeisen fell as much as 10.3% to 11.40 euros in Vienna, the lowest level since it went public in 2005. Societe Generale dropped as much...
  • Your First Prerequisite is to Acquire My(Jesus) Presence

    12/16/2014 10:53:52 AM PST · by Jedediah · 10 replies
    Your prerequisite in all things is to first acquire My Presence for in My courts there are libraries of scrolls providing the wisdom and knowledge in first acquiring the understanding to decipher and illuminate My Word in Spirit and Truth and it is in the interpretation of your heavenly languages, "that exist even now in the alcoves of your wellspring" but these can only rise up into reality and understanding as you manifest and operate totally in the Menorah of light " The Manifold Wisdom of God " My very fullness indwelling you as "an eternal light of My Kingdom...
  • Russian ruble suffers steepest drop in 16 years

    12/16/2014 4:41:16 AM PST · by elhombrelibre · 74 replies
    (Reuters) - The ruble plunged more than 10 percent for the second day on Tuesday and recorded its worst fall since the Russian financial crisis in 1998 as confidence in the central bank evaporated after an ineffectual overnight rate hike. The rouble opened around 10 percent stronger against the dollar following the overnight 650-basis-point rate hike, but it reversed gains in early trade and fell to record lows, pushing losses this year against the dollar to over 50 percent. At 0637 ET, the rouble was down over 11 percent against the dollar at 73.00 after dipping past 74 rubles per...
  • Russian Ruble Crashes to World's Worst-Performing Currency

    The ruble collapsed by 10 percent against the U.S. dollar Monday earning the Russian currency the dubious laurels of the world’s worst-performing currency this year. The Russian currency has now fallen 49.3 percent against the greenback since January, according to data from the Moscow Exchange. The drop takes it below the Ukrainian hryvna, which has weakened 47.9 percent in 2014. Monday’s plunge was the largest single-day fall for the ruble since the financial crisis of 1998 when Russia was forced to default on its debt after exhausting its reserves in a fruitless bid to prop up the currency. In evening...
  • Ruble jumps on Russia rate hike, oil pressured

    12/15/2014 7:54:01 PM PST · by Bettyprob · 1 replies
    Reuters ^ | December 15, 2014 | Lisa Twaronite
    (Reuters) - Sliding oil prices and a downbeat China factory survey weighed on Asian shares on Tuesday, while the ruble jumped against the dollar after Russia sharply increased its benchmark interest rate in a bid to halt a collapse in its currency. Activity in China's factory sector shrank in December for the first time in seven months as new orders declined, adding to a spate of data showing more fatigue in the world's second-largest economy and heightening expectations that more stimulus will be needed to avert a sharper economic slowdown. "Concerns about the Russian economy and a slowdown in the...
  • Russia heading for crash as ruble plummets

    12/15/2014 2:41:40 PM PST · by Berlin_Freeper · 81 replies
    money.cnn.com ^ | December 15, 2014 | Mark Thompson
    Russia's economy is crashing and its currency appears to be in free fall. The ruble plunged by about 12% Monday, meaning it's lost nearly 50% against the dollar this year. Early Tuesday in Russia, the central bank hiked its key interest rate for a sixth time this year to 17% from 10.5%.
  • Crude Oil Takes No Prisoners as Energy Selloff Tanks S&P 500

    12/10/2014 2:10:16 PM PST · by John W · 38 replies
    the street.com ^ | December 10, 2014 | Keris Alison Lahiff
    NEW YORK (TheStreet) -- If investors had hoped stocks had absorbed most of the headwinds associated with lower oil prices, they were sorely disappointed on Wednesday as the commodity crash continued. Crude prices struggled to remain above $60 a barrel with West Texas Intermediate tanking 5.1% to $60.54 a barrel after OPEC warned that demand for oil in 2015 could slow to its lowest point in 12 years. Just as oil futures stabilized midmorning, the commodity sank to new lows after the EIA reported a large increase in oil imports contributed to oversupply in domestic crude oil inventories for the...
  • WTI Crude Craters To $55 Handle, High-Yield Credit Crashing-er

    12/15/2014 12:14:43 PM PST · by tcrlaf · 19 replies
    Zerohedge ^ | 12-15-2014 | Durden
    Having almost touched $59 overnight, WTI crude has collapsed back to a $55 handle, smashing the Ruble lower and high-yield credit spreads higher. US financial stocks are starting to weaken back towards the credit market's warnings as counterparty risk concerns spread...
  • Ruble tumbles 9.5% to new record low despite interventions

    12/15/2014 11:16:32 AM PST · by elhombrelibre · 40 replies
    AFP ^ | 15 Dec 14 | Maria Antonova and Germain Moyo
    The Russian ruble tumbled 9.5 percent Monday to new record lows as falling crude prices pulled the rug out from under the currency of the oil exporting nation, with analysts saying the Kremlin needs to act to stop the free fall. The plunge in the ruble came as the central bank warned the low oil price could trigger a contraction of nearly 5 percent next year and tensions surged with the United States over Ukraine. The ruble broke through the level of 64 to the dollar and 78 to the euro for the first time even though the Bank of...
  • Syria conflict: Rebels capture key Idlib army bases

    12/15/2014 9:58:27 AM PST · by SunkenCiv · 13 replies
    BBC ^ | 15 December 2014 | unattributed
    Al-Qaeda's affiliate in Syria and allied rebel groups have taken control of two key army bases in the northern province of Idlib, activists say. Members of al-Nusra Front, supported by those from Jund al-Aqsa, captured Wadi al-Deif base on Monday after launching a fierce offensive on Sunday morning. Ahrar al-Sham later joined their assault on the nearby Hamidiya base. Forces loyal to President Bashar al-Assad had until now managed to repel a number of assaults on the facilities. Situated outside the town of Maarat al-Numan and next to the country's main north-south motorway, they have been surrounded since 2012. A...
  • Expert: Under $2 Gas Soon

    12/15/2014 8:22:33 AM PST · by central_va · 59 replies
    wrva richmond va ^ | 12/15/14 | Andy Doernen
    Richmond, Va. (1140wrva.com) Look for gas prices in the area to fall below $2 in the near future. Local gas industry analyst John Zehler, President of wholesaler Virginia Fuels, is predicting under $2 pump prices as the free fall in crude prices continues. Zehler says the price plunge has been going on for 6 months and it's going to be hard to turn it around until demand catches up with production. He says some folks think, with the current trend, we could see gas fall to $1.60 by the summer but admits it wild speculation.
  • IOPS [Imperial Orthodox Palestinian Society] to present White Book on slain Mideast Christians at UN

    12/15/2014 6:17:38 AM PST · by marshmallow · 2 replies
    Interfax ^ | 12/15/14
    Moscow, December 15, Interfax - The Imperial Orthodox Palestinian Society (IOPS) has announced the creation of a White Book on crimes against Christians in the Middle East, which will be presented at the United Nations Human Rights Council in February 2015. "We are working to compile the so-called White Book, containing a sorrowful list of names of the slain and tortured Christians, instances of churches and shrines being destroyed, and eyewitness accounts. We would like to present this book at the UN HRC at its next session in late February - early March," IOPS Vice President Yelena Agapova told a...
  • Ukraine Says Chevron Plans To Pull Out Of $10B Shale Gas Deal

    12/15/2014 6:48:02 AM PST · by thackney · 20 replies
    Rig Zone ^ | December 15, 2014 | Reuters
    U.S. energy major Chevron plans to withdraw from a $10 billion shale gas deal with Kiev, a senior Ukrainian presidential official said on Monday. Ukraine signed a shale gas production-sharing agreement with Chevron amid great fanfare in November 2013, just months before mass protests in Kiev ousted former president Viktor Yanukovich, plunging the country into a major crisis with Russia. "There is information that they (Chevron) are planning this decision," Valeriy Chaliy told journalists, referring to a report by local media that Chevron had told the government it was pulling out of the deal. Chaliy declined to give further details....
  • Could Russian economic turmoil lead to Putin's downfall

    12/15/2014 6:42:15 AM PST · by elhombrelibre · 22 replies
    CNN ^ | 14 Dec 14 | Jill Dougherty
    Moscow (CNN) -- Russia looks richer in the snow. Muscovites, as they always have, stroll the main boulevard, Tverskaya Street, in their fur coats and hats on snowy evenings, basking in the holiday lights and decorations, their capital transformed into an icy wonderland. Moscow's coffee shops are full of young Russians still willing to pay 300 to 400 rubles for a latte. But the foreign currency exchange shops I pass are an ominous sign. Just a few weeks ago, 300 rubles was worth about $10. Now, it's about half that. Thursday, I exchange dollars for rubles and get a rate...
  • Around 1,300 killed in Ukraine since ceasefire - U.N.

    12/15/2014 5:09:18 AM PST · by Citizen Zed · 4 replies
    Reuters ^ | 12-15-2014
    Around 1,300 people have been killed in Ukraine's separatist conflict since a September ceasefire, according to a U.N. report that said many living in the country's rebel-held east were struggling to survive. As of Dec. 12, 4,707 combatants and civilians had been killed since pro-Russian rebels seized eastern regions near the border with Russia in April. Of these deaths, 1,357, or nearly 30 percent, were recorded after the Sept. 5 truce, some of which may have occurred prior to that date, the report released on Monday said. While violence has abated in recent days, shelling has repeatedly punctured the truce...
  • Russian Ruble Hits New Low Of 57 To Dollar

    12/12/2014 4:43:59 AM PST · by elhombrelibre · 18 replies
    Radio Free Europe ^ | 12 Dec 14 | Unknown
    The Russian ruble fell below 57 to the dollar in trading on December 12, continuing a slide that has cut its value nearly in half this year. The ruble's value against the dollar and the euro has continued to decline despite Russia's effort to shore it up by raising a key interest rate by one percentage point on December 11, the fifth increase this year. The ruble was trading at about 57.31 to the dollar at midday on the Moscow exchange and later fell below 57.5. One euro was buying more than 71 rubles. The Russian central bank raised its...
  • Stunning Investigative Video Proves Turkey Conspiring With ISIS on Syrian Border….

    10/28/2014 3:01:42 PM PDT · by Nachum · 19 replies
    Conservative Treehouse ^ | 10/28/14 | Sundance
    Last week a U.S. journalist, Serena Shim, was murdered in Turkey for exposing the truth of Turkey’s President Recep Erdogan allowing and facilitating ISIS militants going to and from Turkey into strategic positions around Kobane (Kobani). Now an independent journalist team have used video to show Turkish police and military meeting with ISIS militants on the Turkish border. Obviously the brutal reality of this expose’ is dangerous to Erdogan’s deceptive claims to the contrary. As a consequence, and in an effort to hide the inherent reality while simultaneously deflecting attention from both events, the Erdogan administration is directing Western media
  • Rubio, Ros-Lehtinen Banned From Nicaragua

    12/14/2014 6:55:09 PM PST · by Olog-hai · 15 replies
    Newsmax ^ | Sunday, 14 Dec 2014 08:44 PM | Greg Richter
    Nicaraguan President Daniel Ortega has banned two American lawmakers from his country after they helped push through legislation last week to ban Venezuelan officials from the United States. “Just like they [U.S. officials] have their lists, we can make our own lists in Latin America of those who shouldn’t enter our country,” Ortega told Costa Rica’s Tico Times. Sen. Marco Rubio and Rep. Ileana Ros-Lehtinen laughed off Ortega’s ban, The Miami Herald reported. …
  • President of Lithuania Gets Punk’d After Declaring Russia a ‘Terrorist State’

    12/15/2014 12:38:19 AM PST · by wetphoenix · 60 replies
    Copies of a highly critical book land in the private, inaccessible mailboxes of all Members of European Parliament The last time Lithuania’s leader, Dalia Grybauskaite, talked to Vladimir Putin personally was in 2010, when he was still Prime Minister of the Russian government. But Ms Grybauskaite, the president of this small Baltic country of 3 million people, has been talking about him all the time since. And now, she is in trouble. It all started with an interview she gave to the Washington Post (Sept. 24) in which Ms Grybauskaite said that Russia is allowed by “Europe and the world...
  • Germany to be gas powered for next 70 years

    12/14/2014 7:32:33 PM PST · by Lorianne · 12 replies
    RT ^ | 12 December 2014
    Germany’s plan to phase out nuclear energy and switch to renewables by 2022 is unrealistic as the country is doomed to remain dependent on fossil fuels like oil and gas for the next 70 years, energy expert Matthias Dornfeldt told RT. Renewables can’t replace fossil fuels overnight because there’s not enough infrastructure, said Dornfeldt in an interview with RT. He believes the 21st century will be the century of gas, as the 20th century was the century of oil. “We are going to be dependent on oil as well as on gas, as I see, for the next 50, 60,...
  • Oil price crash means £55bn of projects face axe

    12/14/2014 7:34:21 PM PST · by Lorianne · 6 replies
    Telegraph (UK) ^ | 13 December 2014 | Andrew Critchlow
    Dozens of new oil projects in the North Sea and Europe could be shelved as falling prices force international oil companies to tear up their investment plans. Global energy consultancy Wood Mackenzie has said that 32 potential European oil field developments containing 4.9bn barrels of oil equivalent are waiting for approval on more than $87bn (£55bn) of funding. These could be at risk should oil prices fall below $60 per barrel. “Major projects and investment in the UK and across Continental and Mediterranean Europe could be at risk if prices stay below $80 per barrel, as over 70pc of the...
  • Bakken-Cushing pipeline project slammed shut

    12/14/2014 5:55:26 PM PST · by Red in Blue PA · 14 replies
    Enterprise Products Partners (EPD) is shelving a proposed pipeline that would have transported crude from North Dakota to Oklahoma, the company announced on Friday. The news came in the midst of a brutal slide in global oil prices that have raised concerns about whether U.S. companies will continue to build on the expansion of oil production. Middle East oil producers have yet to announce a cut in production to offset the drop in crude, in what some analysts say is a slow-bleed strategy designed to make pumping crude as uneconomic as possible for the world's fastest growing non-OPEC oil producer....