We’ve been here before. Last time Russia’s economy was about to collapse they reasoned that either they had to start a war or they had to fold.
They invaded Afghanistan, with the ultimate goal of invading Saudi Arabia.
Putin already made his decision. He started by invading Georgia, then Ukraine, now Syria (they were invited . . .).
I expect them to reach the southern border of Syria and turn right.
Putin is definitely selling the China to do it.
The SA reasons it can survive #30/BBL oil longer than anybody can.
If they invade Saudi, I guess this will be a problem:
Islam has always been the second biggest religion in Russia, but it had never been as visible in Moscow as it is now. Moscow has the largest Muslim population in Europe, with estimates suggesting that between 1.5 and 2 million of the Russian capital’s population are of the faith.
The population of Moscow is about 17 million. I think that oil will go below 30. We should stock popcorn.