Funny. I don’t see that Putin lost anything.
What happens when Putin gets this kind of hurt put on him by collapsing oil prices????
That makes Putin more aggressive right?
When a company loses 8.7 Billion, where does it go?
It will give them the opportunity to buy up what they don’t own already.
Regardless of what you think of Putin, the Russian people are certain the West is waging economic warfare on them. some may blame Putin. Many more will blame the United States. They may hold out a lot longer than Obama and his brain trust imagine.
I guess that means all those European soccer teams that the Ruskie billionaires own will be in bad shape!
Yet I'm sure they will still have more money than most here will make in their entire lifetimes.
I'll try to feel sad.
Dobri Ootra. Meena Zavoot is “Neudachnik!” Kak va Zavoot?
(g’morning. My name is ‘loser’ what’s your name?)
signed, Your Pal,
Vlad.
With a weak American president (small “p”), Putin will take the resources he needs to bolster his economy. The Japanese entered WWII to achieve the same.
OK, the Novatek guy lost $8.7 Billion, or half his worth. I’m somewhat math challenged, but that tells me he’s still worth $8.7 Billion.
Excuse my heart for not bleeding.
They lost nothing, they still have all the assets, only the paper value of the assets when down.
Two years ago I bought an ounce of silver for $32, now it sells for around half, have I lost anything? No, I still have the full ounce of silver, all that has gone down is the paper dollar value.
That one thing we haven’t see Vlady stocks yet what he holds
Putin converted his billions into dollars long time ago
These guys have only lost money on paper unless they sell their assets now. In fact, they are probably still in a good position to buy out small competitors with their remaining fortunes. The super rich can ride out downturns with their wealth and come out all the stronger. Look how much richer Warren Buffett has become since the 2008 downturn.
Not nearly as much as what the US has lost...
Oil prices are falling because the King of Saudi Arabia, who controls OPEC, wants them to fall in order to destroy the economy of Iran, the Saudis’ arch enemy.
The Saudis do not want Iran to produce nuclear weapons. The U.S. and Israel have claimed for years that they don’t want the Iranians to produce such weapons either, but they have done nothing to stop them. So Saudi Arabia is going it alone.
If Russia and other oil-producing countries are suffering collateral damage from the Saudi’s anti-Iran efforts, they can solve their problems by helping the Saudis. All Vladimir Putin would have to do to reverse the Russian economy’s collapse is to bomb Iran’s nuclear facilities into oblivion, and then stop supporting the Iranian government.
But will Vladimir Putin do such a thing, or is he as weak and frightened as the leaders of the U.S. and Israel who never carried out their promises to destroy Iran’s nuclear program? Unless Putin takes action, oil will stay low...at least until early next year when the Israelis will have a chance to vote in a new, more courageous prime minister. Then the Saudi’s goal might be reached, and we can all live happily ever after.