Posted on 10/14/2014 11:30:02 PM PDT by Berlin_Freeper
A drop in global oil prices, driven in part by a boom in U.S. shale oil production, is threatening to hit the economies of energy-exporting Russia and Iran harder than Western economic sanctions have done.
(Excerpt) Read more at latimes.com ...
Russia's finance minister announced last week that the Kremlin can't afford a $720-billion, 10-year defense modernization plan, which was a priority for Putin, and will have to make do with less.
Just as so many predicted would happen.
Putin: CIA plot.
It is because the Chinese economy is not doing all that well, partially due to the unrest in Hong Kong.
Putin claims Russian forces 'could conquer Ukraine capital in two weeks'Russian paratroopers captured on Ukrainian territory made for an awkward summit Tuesday evening between the presidents of the two nations.
shale? economies suck. China. Germany and most of the rest of Europe. We know our economy isn’t all that god either. Supply and demand i think more likely.
This is the real reason “progressives” oppose Fracking.
In the LA times comments the libtards are crediting O’bastard for the American oil production boom!
They are too stupid to be allowed to vote.
I just hope the western world does not back down now and do another Reset Button, but rather Russian capabilities to invade other countries will be crippled by them not just having the money to do it.
But I thought they didn’t want more American oil production because of global warming. They were against it before they were for it.
“The bigger question is, what will Putin do to drive oil prices up again? He needs more instability in the oil producing nations that he can cause turmoil in. “
An assist by him to turn the ISIS army towrd Riyadh and threaten the Saud Royal family should do the trick
/bingo
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