Posted on 10/11/2015 2:09:31 PM PDT by Berlin_Freeper
MOSCOW, Oct. 9 (UPI) -- Stumbling under the strain of low crude oil prices, the Russian economy will run out of reserve funds as early as 2017, the deputy finance minister said.
Russian Deputy Finance Minister Tatiana Nesterenko said private sector investments are all-but out of the question when access to foreign markets is limited.
"Reserve funds are depleting. We believe reserve funds may end at such rates of their spending," she said. "We will use up resources received when oil prices were high by 2017-18."
(Excerpt) Read more at upi.com ...
When does the United States account surplus get exhausted?
Oh wait...
If we allowed USA oil to be exported it would drive oil prices down more and cripple Russia and Iran. These countries depend on oil for their “mischief making” funds.
Of course Obama is clueless and won’t do it.
Of course Obama is clueless and won’t do it.
Russia -3.8% GDP in 2015
USA +2.6% GDP in 2015
Ramp up for war...
Yup. War will stimulate the Russian economy. And Syria looks like a willing bed fellow for Putin.
What I read into this is...
Russia is running out of money. By asserting control of the ME they can manipulate the price of oil to their benefit.
Of course, I’m pretty simplistic.
Very good article. Thanks.
Chamberlain thought he could make things so miserable in Germany with economic sanctions that the Germans would throw Hitler out of office.
a) Weakens America/AmericansThere are NO counter examples.
b) Distances America's allies
c) Strengthens America's enemies
d) Attacks Christianity
e) Serves Islam
f) Harms Israel
Or some combination of the above.
It would violate at least a) and c)...
We are the gorilla in the room as far as oil prices. The Saudis are trying to prevent us from becoming energy independent. Low prices are there to slow that down. Russia has no say in the matter. In fact Russia is propping up Assad who the Saudis want out. Russia is not going to change the Saudis’ plan.
No doubt that the Saudis oppose our energy independence.
But that wouldn’t amount to a hill of beans if we didn’t have the EPA and tree huggers within the country mounting protests.
I think we need to kick the ME reliance to the curb. Sure, buy their oil if it is cheap. But there is no reason to rely on them for our economic welfare. I will now return my soap box to the closet. :)
No doubt of course. At one point we used 50% of the worlds oil production. We produced half internally. That means with independence, 25% of the oil we used to buy needs other buyers.
That’s why there are stories about the Saudis unleashing something they can’t control.
Russia has two years to take over the ME oil fields. I think they can pull it off.
And you believe the numbers fabricated by this regime?
Stable oil prices are in everyone's benefit.
If that's a by product of Russia's assertiveness in the Middle East, than I'm all for it.
Actually, stable oil prices maybe benefit all of us EXCEPT Russia.
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