Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: blam
Not to worry.

The Russians are running out of hard currency due to collapsing oil prices. American frackers are making sure they get first dibs if prices go back up. Basically that means an oil price ceiling of about $30 a barrel in current dollars. See:

http://www.the-american-interest.com/2016/02/04/lone-star-shale-producers-defy-opec/

Russian state finances are on track to a collapse at the end of this year. See:

http://blogs.reuters.com/great-debate/2016/02/04/a-whiff-of-panic-in-the-kremlin-as-economy-sinks-further/

The Russian adventure in Syria is particularly at risk.

9 posted on 02/05/2016 2:40:14 PM PST by Thud
[ Post Reply | Private Reply | To 1 | View Replies ]


To: Thud

Great, just great. Russia AND China both looking at economic problems.

What could possibly go wrong?


11 posted on 02/05/2016 2:47:21 PM PST by SaveFerris (Be a blessing to a stranger today for some have entertained angels unaware)
[ Post Reply | Private Reply | To 9 | View Replies ]

To: Thud; blam
The Russians are running out of hard currency due to collapsing oil prices.

You and FR blam post the most interesting and informative articles and I want to thank you both.

While I was reading your post, all relaxed and anticpating a good read, I looked at your link and thought 'poor me' as you did not make a live link and I had to highlight and drag the links to the new tab on Chrome. Then I had to laugh, seriously, we have made so much progress and things are so great and here I am complained about having to make an extra click... Anyway, I really like your posts.

28 posted on 02/05/2016 6:44:27 PM PST by SandwicheGuy (*The butter acts as a lubricant and speeds up the CPU)
[ Post Reply | Private Reply | To 9 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson