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To: NorseViking

[If we are to see both SA and Russia roughly as PPP $25000 per capita economies oil would make $1900 out of these $25k for Russia but at least $13k for the Saudis.
In that sense the difference in the extraction price is meaningless.]


You can’t buy gasoline with PPP dollars. That’s why I *always* use nominal.


68 posted on 03/30/2020 9:53:23 PM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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To: Zhang Fei

You might have a point in general but it is irrelevant for a discussed issue.


69 posted on 03/30/2020 10:09:31 PM PDT by NorseViking
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To: Zhang Fei

https://m.youtube.com/watch?v=xVXL2Kd5_tM

A requiem to an expensive ruble. They still cry and pay after seven years. Now imagine Saudis devaluing their currency. What else but the oil they have to export?


71 posted on 03/31/2020 10:57:20 AM PDT by NorseViking
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