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To: NorseViking
Look, last time Russia agreed to the cuts, they just never followed through. And Saudis know it. So, Russia nixed the cuts just to insult the Saudis, and they returned in kind. But, in reality, it dropped too far, unless it turns out Coronavirs will be much worse.

The U.S. can weather the cuts better than MBS. He has cousins to pay. And they might get angry if their envelope is light.

10 posted on 03/08/2020 9:20:48 PM PDT by nickcarraway
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To: nickcarraway

That’s it, I have no idea why Russia is a participant at all. There are hundreds of companies, not even 10% of exports are government-controlled. Little companies are using government recommendations for their quotas for toilet paper. There is no mechanism to force them to cut. Nor the feds really give a flying hug about the price. Its effect on Russian economy is heavily exagerrated. Between super-profits from high price and killing off high-cost competition (US, Euro companies) I think the Russian companies would like the latter.


20 posted on 03/08/2020 9:28:17 PM PDT by NorseViking
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To: nickcarraway

Do you ever read ?

The stated core is Russia and China weaning off the dollar

Excuse given is transparency to money laundering

This is a one world coup attempt to hurt the market

before November

The world economy IS THE DOLLAR for the institutional reasons of accountability via the Fed, Congress, and the NYSE

Abandoning the DOLLAR will be the death to Russia and China
Big picture

And who fills that report void of oil and gas production

My guess is you live in that country

Jobs, same country

The biggest winner
Absence of petroleum foundations

It is a plain as Hillary is fat, Michael is Michael and Obama is a queer


22 posted on 03/08/2020 9:32:56 PM PDT by advertising guy (It's all fun and games til someone farts , you don't have a fart on you now do you Swalwell ?)
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