Goldbug 6th Gear October 17, 2014 Share October 17, 2014 Global Oil Glut Sends Prices Plunging - WSJ On Tuesday, Russian President Vladimir Putin acknowledged that the national budget is “stressed” because of the fall in oil prices. Russia’s central bank is working on a “shock scenario” that envisages a drop in oil prices to $60 per barrel. Russia relies on revenues from oil and gas exports for about half of its federal budget revenues. Economists say falling oil prices could kill off Russia’s flagging economic growth, forecast at no more than 0.5% this year. Evgeny Nadorshin, chief economist at Russian conglomerate AFK Sistema, said Russia’s economy could begin contracting by the end of this year if oil prices remain near $90 a barrel. Leading Russian politicians and executives believe the Saudis are pushing down prices to target Russia’s oil-export-dependent economy and Mr. Putin, as an extension of ongoing sanctions. ↡ Advertisement Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic October 17, 2014 Share October 17, 2014 Die liao lor Next thing they do war with saudi and inflate the oil price 1 Link to post Share on other sites More sharing options...
Goldbug 6th Gear October 17, 2014 Author Share October 17, 2014 Die liao lor Next thing they do war with saudi and inflate the oil price the last few years flood the world with USD, create oil shortage now flood the world with oil, create USD shortage take turns to do this is huat gao gao liao 3 Link to post Share on other sites More sharing options...
Goldbug 6th Gear October 17, 2014 Author Share October 17, 2014 http://www.foxnews.com/opinion/2014/04/04/time-for-economic-warfare-strategy-against-putin/ Time to use an economic warfare strategy against Putin By Lee SpieckermanPublished April 04, 2014 So, what Obama should have told President Putin in Friday’s call is that if he doesn’t stand-down in Ukraine, stop aiding Syria’s Assad and cease undermining our efforts to prevent Iran from developing nuclear weapons, America will catalyze the collapse of world oil prices. And the president should have used his dinner with Abdullah to enlist Saudi cooperation in this forceful economic warfare strategy. After all, Abdullah requested the meeting with President Obama to express his alarm about our softened stance toward Iran and unwillingness to arm anti-Assad rebels in Syria. Iran, already in a depression, would be even less capable of enduring a significant drop in oil prices than Russia. Thus, helping the U.S. sink world oil prices would be the best way for the Saudi monarch to both de-nuclearize Iran and neutralize Iran and Russia, Assad’s indispensable backers. The Saudis have another compelling reason to collaborate with us. Given the tumult in its backyard, Saudi Arabia needs U.S. weapons and military support more than ever. With its low cost of production and sparse population, the Saudis can absorb lower oil prices with relative ease. And, this economic warfare strategy must also incorporate China. That nation has repeatedly aligned with Russia against us on the international front, provided ongoing aid to our enemies and pursued policies that debase our economy. Therefore, in addition to inducing the Saudis to maximize oil output, President Obama should immediately take the following five synchronized steps: 1 Link to post Share on other sites More sharing options...
Thaiyotakamli Supersonic October 17, 2014 Share October 17, 2014 (edited) Even if saudi gain usa protection and more weapons but they lose alot from this deal Russia wont need to worry of being bankrupt with the chinese backing them financially, thus they can continue their plan on ukraine Seems like cold war is back but this time round with awaken dragon to balance both sides Edited October 17, 2014 by Thaiyotakamli 2 Link to post Share on other sites More sharing options...
Goldbug 6th Gear October 17, 2014 Author Share October 17, 2014 Even if saudi gain usa protection and more weapons but they lose alot from this deal Russia wont need to worry of being bankrupt with the chinese backing them financially, thus they can continue their plan on ukraine Seems like cold war is back but this time round with awaken dragon to balance both sides see how it pans out loh Why Oil Is Plunging: The Other Part Of The "Secret Deal" Between The US And Saudi Arabia http://www.zerohedge.com/news/2014-10-10/why-oil-plunging-other-part-secret-deal-between-us-and-saudi-arabia Two weeks ago, we revealed one part of the "Secret Deal" between the US and Saudi Arabia: namely what the US 'brought to the table' as part of its grand alliance strategy in the middle east, which proudly revealed Saudi Arabia to be "aligned" with the US against ISIS, when in reality John Kerry was merely doing Saudi Arabia's will when the WSJ reported that "the process gave the Saudis leverage to extract a fresh U.S. commitment to beef up training for rebels fighting Mr. Assad, whose demise the Saudis still see as a top priority." Link to post Share on other sites More sharing options...
Ktglfc Hypersonic October 17, 2014 Share October 17, 2014 Waiting for petrol prices to go down further :) 2 Link to post Share on other sites More sharing options...
Vega Turbocharged October 18, 2014 Share October 18, 2014 this is exactly what happened during the cold war. super low fuel prices to kill USSR. 2 Link to post Share on other sites More sharing options...
Goldbug 6th Gear October 18, 2014 Author Share October 18, 2014 this is exactly what happened during the cold war. super low fuel prices to kill USSR. Yupz... you got it Link to post Share on other sites More sharing options...
Solar Turbocharged October 18, 2014 Share October 18, 2014 Buy and long USD? 1 Link to post Share on other sites More sharing options...
JaguarXF 4th Gear October 18, 2014 Share October 18, 2014 Waiting for petrol prices to go down further :) You mean here in Singapore? Well you can wait la 5 Link to post Share on other sites More sharing options...
Evillusion Supersonic October 18, 2014 Share October 18, 2014 (edited) US.....always playing the economics wildcard with its opponents and allies eventhough they are actually bankrupt! Edited October 18, 2014 by Eviilusion 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic October 18, 2014 Share October 18, 2014 (edited) tan ku ku ... spore oil cartel got price matching "legally" to control the pump price Waiting for petrol prices to go down further :) Edited October 18, 2014 by Wt_know 1 Link to post Share on other sites More sharing options...
Latio2005A Turbocharged October 18, 2014 Share October 18, 2014 Waiting for petrol prices to go down further :) You got blain problem or no? The price of petrol in this unique country IS NOT DUE DIRECTLY TO THE PRICE OF CRUDE OIL!!! This is ONLY one of the price determinants. (Sorry, I quote the oil companies only) 1 Link to post Share on other sites More sharing options...
Voodooman Supersonic October 18, 2014 Share October 18, 2014 The Saudi probably have long term incentives to bring down oil prices to prevent or slow down the development of more oil shales gas and oil around the world that could precipitate a collapse in oil prices in another 10 years? Looks what years of high oil prices have done to oil supplies? Why is pump prices not coming down yet? 1 Link to post Share on other sites More sharing options...
Wt_know Supersonic October 18, 2014 Share October 18, 2014 when oil price was usd$100 nabei smlj also increase price and all say due to oil price now you ask them to reduce price ... they will say due to increase labour price next time they want to raise again ... they will say due to LJ price want to raise raise la ... give smlj excuse Link to post Share on other sites More sharing options...
Dfx16 6th Gear October 18, 2014 Share October 18, 2014 The worst nightmare Brunei Link to post Share on other sites More sharing options...
Byteslurve Supersonic October 18, 2014 Share October 18, 2014 Nothing to do really... ↡ Advertisement 1 Link to post Share on other sites More sharing options...
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