Obama, NATO and their puppet in Kiev are starting to piss Putin off. I hope Europeans have extra warm coats and plenty of blankets and firewood. Mr. Putin does have some cards to play. Who would you bet on in a game of poker? Putin or Obama?
Putin Slams Ukraine Decision To Cut-Off Gas To East As “Genocidal”
Submitted by Tyler Durden on 02/25/2015 14:09 -0500
Ukrainian authorities decision to halt gas supplies to Donetsk amid the ongoing humanitarian catastrophe occurring there “bear the hallmarks of genocide,” blasted Russia’s Vladimir Putin during an awkward press conference with Cyprus’ President Nicos Anastasiades (who he had just agreed bilateral military and trade deals with). “Apparently, some responsible leaders of the modern-day Ukraine are unable to understand the importance of humanitarian issues,” Sputnik News reports Putin concluded. In an attempt to gain leverage and force Ukraine’s hand however, Russia’s Gazprom has indicated it intends to suspend gas deliveries to Ukraine (and thus Europe via pipelines) unless Kiev makes a further prepayment.
Amid the cease-less-fire, Vladimir Putin is displeased…
Russian President Vladimir Putin said Wednesday the decision of the Ukrainian authorities to halt gas supplies to Donetsk amid the ongoing humanitarian catastrophe “bear hallmarks of genocide”.
“As if hunger [in Donetsk and Luhansk] was not enough – the OSCE has already stated that the region is experiencing a humanitarian catastrophe – they had their gas supplies cut off. What would you call it? I would say this bears the hallmarks of genocide,” he said during a meeting with President of Cyprus Nicos Anastasiades.
“Apparently, some responsible leaders of the modern-day Ukraine are unable to understand the importance of humanitarian issues. It seems that the very notion of humanism has been forgotten,” he added.
“Prepayments, made by Ukrainian side, are enough for three – four days. If [further] payment is not made, Gazprom, in compliance with this contract, will halt the [gas] supplies,” Putin said at a press conference.
“Naturally, it may create a certain threat for the transit to Europe,” Putin added.
Ukraine’s state energy company Naftogaz on Monday accused Russia’s Gazprom of failing to deliver the gas for which Kiev had prepaid.
According to a statement by the company’s press service, Gazprom was to deliver 114 cubic meters both on February 22 and February 23 but supplied only 47 and 39 million cubic meters on these dates instead, respectively.
On Tuesday, Gazprom head Alexei Miller, in turn, said that the amount of gas prepaid by Ukraine was estimated at 219 million cubic meters, enough for a couple of days only.
Kiev’s massive gas debt, exceeding $5 billion at the time, forced Moscow to suspend gas deliveries to Ukraine for nearly six months in 2014. Deliveries resumed in early December under the so-called winter package deal, mediated by the European Union and signed by Gazprom and Naftogaz. The deal stipulated that Ukraine must pay Russia in advance for all future gas supplies.
* * *
So, in summary, as UAH crashes into hyperinflation, the IMF (and US taxpayers’) funds will be merely a direct funds transfer from the West to Russia (for gas supply services rendered) and Putin take the ‘eye for an eye’ analogy one step further – cut off supply to Donetsk and we cut off supply to everyone…
I’m surprised Putin hasn’t stopped the flow of RUSSIA’S gas already.
Who are these people who feel they are somehow entitled to Russia’s gas or oil for nothing? Humanitarian? Genocidal? The mindset of these eurotrash liberals is about as staggering as american trash liberals.
Bingo Card wins. The low oil prices are designed to bring Russia to heel, 20 dollar oil is going to break Russia’s back ( wait and see) Russia needs to sell the gas as much as Europe needs the gas, and maybe more.
From the article–> Russia intends to suspend gas deliveries to Ukraine unless Kiev makes a further prepayment as its current balance only covers three or four days’ gas supply, Russian President Vladimir Putin said Wednesday…
Energy risks…for Russia
Much of the potential risk of wider sanctions has focused on Europe’s dependence on Russian energy. But even there, Russia would likely come up on the losing end of any effort to cut off supplies.
Germany, for example, gets some 40 percent of its natural gas from Russia, but gas only makes up 20 percent of Germany’s overall energy consumption, notes Julian Jessop, Capital Economics chief global economist. He figures that if Russia does turn off the gas, Germany could boost gas imports from other suppliers, through pipelines from Norway and the Netherlands, and draw on existing stocks. Other countries reliant on Russian gas, like Italy and Turkey, could increase imports from North Africa and the Middle East.
Russia would also sorely miss the revenue from energy sales, which account for about two-thirds of the country’s exports—or about 20 percent of Russian GDP.
“An energy embargo, even for a short period of time, would plunge the already-weak Russian economy into a deep recession,”
http://www.cnbc.com/id/101876279
Sensetti
You really buy into the western propaganda. You actually use CNBC as your source for truth????
If those countries could switch that easily, why didn’t they do it already?
Use your fucking brain?
In a game of poker, Putin for sure……but for a game of real skill, say ‘go fish’, I’d have to go with the savior. It sure seems like something is going to happen over there. Back to poker, I’d say they’re using Putin’s deck of cards though – but I can’t help but think the whole show is a show with some actors just better than others. Say what you want about Collins and the SDR, but that cat is batting well over 500 on his predictions and so forth. The stall only benefits Russia and China the most, and hurts the US the most – now the keystone doesn’t pass and the game only gets drawn out, and aids and assists the savior’s ‘I hate America’ platform. Tear up America and give it away, is I believe, his motto.
Card made a brilliant observation–> I’m surprised Putin hasn’t stopped the flow of RUSSIA’S gas already.
I just expounded on it.
Hell Admin you’re a numbers guy, calculate reduced oil and gas sales AND lower prices for what Russia does sell and tell me that won’t hurt Russia, I believe it’s about 30% of their economy. Then sprinkle a few sanctions on top of that, which I’am sure will be expanded upon should Russia take a hard line stand. That doesn’t add up to Russia having a strong negotiating position, does it?
Low oil prices will kick the shit out of the Russian economy that’s just a fact. The US has teamed up with the Saudi’s to drive down the prices of oil to get at Russia and Iran. Time will tell how it works out! I believe Russia will be backed into a corner and all hell will break loose. WW3?
Putin has been cutting energy deals with China. Guess who has an insatiable demand for oil and gas? The low prices are hurting all oil exporting countries. Saudi Arabia’s economy will be in recession too. Same with Norway. Same with Mexico. Maybe a few more Mexicans will be headed to Arkansas. Same with Brazil. And guess who is already getting crushed? Texas, North Dakota, PA, Oklahoma, and a few other states.
You actually think Putin cares about the next 12 or 24 months? He isn’t Obama. He’s positioning Russia for 10 years from now, after our house of debt implodes and your petrodollar crashes.
Russia is not in the kind of debt to the banking cartel like the US is. They have been buying gold and dumping dollars. The will tolerate low oil prices much better than we will (ooops the plot backfired). Also Putin does not appear to be a psychopath like our leadership which is trying to start WWIII. How would that be In the US peoples’ benefit? Nor has Russia been war hopping for the past few decades or in a media and gov’t induced terror hysteria.
Russians are a hard people
read a few accounts of how in WW2 on NUMEROUS occasions
their commanding generals sent unarmed troops rushing toward the German lines
they will make ANY sacrifice necessary
Moscow is counting on an eventual bounce in the price of oil. Its drop, officials said Wednesday, has been far more devastating to the Russian economy than Western sanctions. Russian Finance Minister Anton Siluanov said the budget faces a shortfall of up to $240 billion in revenue, but that most of it—about $180 billion—is due to the oil-price collapse.
He said his ministry plans 10% across-the-board budget cuts, although funding to the military would remain untouched.
To make up for lost revenue, Mr. Siluanov said the finance ministry will uncork a reserve fund, accumulated over years of buoyant oil prices, to deposit 500 billion rubles into the country’s financial system, which has been battered by the central bank’s decision to raise a key interest rate to 17% late last year in a bid to halt a run on the ruble.
But analysts said the sum, about $7.65 billion at today’s exchange rate, is too miserly to make much difference. The injection “will certainly improve the situation, but won’t be able to adequately shore up the currency nor fill the budget gaps,” said Phoenix Kalen of Société Générale in London, who called it “woefully inadequate.”
The Kremlin hopes that massive reserves in the central bank and finance ministry, now tallied at around $400 billion, will be sufficient to get the country through a slump in oil prices for a year or two. German Gref, who heads the country’s largest lender, Sberbank , said that he doesn’t expect oil to recover to previous highs, though he did hope it would eventually climb back to a range of $60 to $70 a barrel.
Mr. Gref said that with oil at its current level, Russia will spend all of its reserves within two years. He said Russia needs to reform state bureaucracy and improve its business climate to attract investment. Sanctions, he said, are only slowing down reforms by propping up Kremlin’s approval ratings among Russians who like to see Mr. Putin stand up to the West.
http://www.ronpaulforums.com/showthread.php?466728-Oil-price-lower-than-50-in-2015-to-cost-Russia-budget-46-bn&s=2f3e618c1c9dae6901ff9ebd2e2cc803
From above “Mr. Gref said that with oil at its current level, Russia will spend all of its reserves within two years”
Admin you are correct it looks like Russia has 24 months to fucked up beyond repair.
Sensetti
You may have noticed in a previous thread how little debt Russia has. They are actually using surpluses they saved up. Does the US have surpluses to last two years? No. We just borrow $2.5 billion more per day to sustain our empire of debt. Over the next two years Russia will be moving closer to China and the rest of the BRIC nations. Your predictions of Russian collapse are a fantasy.
Sensetti took the wrong color pill while I wasn’t looking. That’s sad to see.
Btw as Rig counts fall in the US production continues to climb. So now it’s a wait and see game can the US and Saudi Arabia hold down the price of oil for 24 months and Bankrupt Russia? I would bet on the Saudis Oil Reserves to out last the Russians ability to stay afloat. What say you?
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for T4C
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Stucky shoot down my argument
Sensetti
Do you believe the US production will continue to rise over the next two years? Do you understand the economics of a shale oil well? Do you understand they are 85% depleted within two years? Do you understand the rigs have declined by 30% in 3 months and when the existing wells deplete in another 6 months, US production will collapse?
Do you think Saudi Arabia is punishing Russia or the US? The shale oil companies will be going bankrupt. The Russian national oil companies will still be standing when the US production collapses.
Do you enjoy getting your ass kicked?
Remember – vote Republican if you want to get a red dildo shoved up your ass instead of a blue dildo.
Here’s some really good information. Someone please dispute these numbers, please.
Russia faces ‘perfect storm’ as reserves vanish and derivatives flash default warnings
BNP Paribas says Russia no longer has enough reserves to cover external debt and enters this crisis ‘twice as levered’ as it was before the Lehman crash
Russia’s foreign reserves have dropped to the lowest level since the Lehman crisis and are vanishing at an unsustainable rate as the country struggles to defends the rouble against capital flight.
Central bank data show that a blitz of currency intervention depleted reserves by $26bn in the two weeks to December 26, the fastest pace of erosion since the crisis in Ukraine erupted early last year.
Credit defaults swaps (CDS) measuring bankruptcy risk for Russia spiked violently on Tuesday, surging by 100 basis points to 630, before falling back slightly.
Markit says this implies a 32pc expectation of a sovereign default over the next five years, the highest since Western sanctions and crumbling oil prices combined to cripple the Russian economy.
Total reserves have fallen from $511bn to $388bn in a year. The Kremlin has already committed a third of what remains to bolster the domestic economy in 2015, greatly reducing the amount that can be used to defend the rouble.
http://www.telegraph.co.uk/finance/economics/11328974/Russia-faces-perfect-storm-as-reserves-vanish-and-derivates-flash-default-warnings.html
Sensetti is posting articles from two months ago talking about Russia’s desperate situation. Based on the article, they should have already collapsed. Oops.
Must be more western media propaganda. Russia has virtually no external debt compared the the US, Japan and the EU.
Keep dreaming Republican dreams.
Now, let’s look at Cards most excellent observation again–> I’m surprised Putin hasn’t stopped the flow of RUSSIA’S gas already.
Shooting down has begun!!
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Sensetti has no idea what he is talking about. Typical blather from a person who imagines that “the bottom line” alone controls world events. Putin does not give a shit about $20 oil, and even in the unlikely event it goes that low, it will have zero effect on his actions. Putin and his friends are gearing up to teach the Zionist-controlled world a lesson they will never forget.
I kicked Sensetti’s ass yesterday, and Admin is giving it a good ol’ thumping again today.
Next thing, Admin will be claiming it as his kill.
[img]http://t2.gstatic.com/images?q=tbn:ANd9GcSkYFx5-Z-T3kQ_B78TYUD9Rc1O7iDLM_rw_FdIkEGPwE-Cu5PivA[/img]
I’m baaaaack , hold on bitches while I gather myself and go to work. You know what’s excellent about a thread like this? Time will be the arbitrator of my predictions and as I’am once again proved correct, I will demand to be addressed as “Sir Sensetti” the see-er of all things.
Barack Obama has Putin by the balls and is obviously about ten steps ahead of him. Obama can go play 18 excellent holes of golf while simultaneously strategizing Putin’s Demise. Obama is fixin to bend Putin over and slip him the black snake.
Stand by while I assess the drivel that’s been posted.
keeping in mind Russians invented chess…
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Senetti ,these people trying to make you look stupid ?Po or thing . Tell these mean hateful people that not only does Russia have oil and natural gas but it also has CHINA if they really need anything.That should shut them up.
Ukraine got every right to fuck up Russian gas flow after the annezion, invasion, bombing and killing of Ukrainians by Russian “volunteers” that use Newest Weapons of Russian Army mostly Rockets and War machines, and yes there are already tons and tons of proves for that, so don’t start with Russian Propaganda shit. Russia deserves to sink in SHIT, Russian people and their Putler Deserve to CHOKE on SHIT after what they did to Georgia and Ukraine. Fuck you Russia, Israel is with Obama and Ukraine.
Sensetti, I think you’re more likely right about Russia’s precarious position than are many other commentators.
Oil selling for 1/5th of it’s price months ago has to hurt the Ruskies badly.
Other factors will also squeeze them.
American weapons supplied Ukraine by UAE, US military training for Ukrainian soldiers, gradually increasing American tripwire troop levels in Ukraine , military commitments by GB, our subsidized fifth column movements in Russia, Gladio B operations, and America’s always doing what it takes to win against a major enemy will be significant factors.
Most important though will be the attirude of our People Chosen to lead the State, our financial institutions, and our American press. These best and brightest People also control the Deep State and the government.
I know these people well. Though persecuted in the past, they’ve become powerful and single-mended in their goals for this country and the world. Always a cohesive group, they’re more coherent now than ever.
Their history, when their ambitions have been threatened has historically been war, slaughter, and genocide. Read Judges and Kings in the Old Testaemnt.
They won’t be thwarted. Putin, if he’s not taken care of, will drop with Russia like a ripe plumb, and then… China’s next.
Sensetti obviously knows nothing about history. If he did he would realize that there is a pattern that exists.
And that is if you fuck with Russia, you get the horns. Nothing good ever comes out of fucking with Russia. What you get is a double serving of misery.
The thing about Russia is they will gladly sacrifice millions of theirs to kill just one of yours. The imbalance does not matter – they will keep coming until you give up, no matter the cost to themselves. They will not allow you to fuck with them.
And they can live off the smell of an oily rag and a musty potato.
And if push comes to shove, they will happily freeze Europe. And sleep warm at night themselves.
Russia does not play fair. To fuck with them is very risky indeed.
Sensetti: “I would bet on the Saudis Oil Reserves to out last the Russians ability to stay afloat. What say you?” hmmmmm. I say: watch and listen to the go-cams and other videos coming from Novorus. (the WINNERS in the Ukraine in cased you missed it) “If you wish to fight a religious war, you better bring a religion.” The zio/bolsheviks lost Russia once, and they want it back, to complete their genocide of the white race and Christianity. The Rus will NOT die quietly; Do you NOT recognize that we are the nazis in their eyes- the Ukie nazis are OVERTLY nazis, OPENLY calling for genocide of jews and the Rus. Our country brought back hundreds of Nazis after WWII and installed them our intelligence agencies. We have a two level government of fascist kleptocrats funded by military industrial oligarchs and a permanent bureacracy of commie apparatchiks. fun. The euro-commies will be thrown under the bus when it becomes evident that the Rus will NOT yield to Nazis a second time, either; WWII Soviet veterans are on you-tube explaining the sacrifices to defeat HItler. This is all about who has the physical assets- not a bunch of fiat paper claiming those assets. The paper may become worthless, the oil/gas will not.
T4C – compared to Russia, the US is a bunch of girls scouts on a cookie drive when it comes to behavior in war. Russia will fight you with empty weapons if need be. They are known, as someone mentioned above, to send their troops in unarmed against machine guns, and to gun down any Russians that refused to do it.
They do not fool around when the “Motherland” is under threat.
Llpoh says: Sensetti obviously knows nothing about history. If he did he would realize that there is a pattern that exists if you fuck with Russia, you get the horns. Nothing good ever comes out of fucking with Russia.
Dementia has obviously overtaken my mentor. Reagan took the USSR down with low oil prices & without firing a shot. All you Newbies watch and learn!
Ronald Reagan’s son says his father got the Saudis to pump more oil to undercut USSR
Reagan’s son, Michael Reagan, offered this advice for Obama on the Townhall.com website:
“I suggest that President Obama might want to study how Ronald Reagan defeated the Soviet Union.
“He did it without firing a shot, as we know, but he had a super weapon — oil.
“Oil was the only thing the Soviets had in the 1980s that anyone in the rest of the world wanted to buy, besides ICBMs and H-bombs, and they weren’t for sale.
“Since selling oil was the source of the Kremlin’s wealth, my father got the Saudis to flood the market with cheap oil.
“Lower oil prices devalued the ruble, causing the USSR to go bankrupt, which led to perestroika and Mikhail Gorbachev and the collapse of the Soviet Empire.”
http://www.politifact.com/punditfact/statements/2014/mar/13/michael-reagan/ronald-reagans-son-says-his-father-got-saudis-pump/
The God Damn USSR FUCKING COLLAPSED IN ON ITSELF. Are you fucking kidding me. Bull gets the horn? Russia got the dick!
OK back to biznuss.
Admin say: Over the next two years Russia will be moving closer to China and the rest of the BRIC nations.
Ok well you got that right Russia will be moving closer to China who’s…….Fucking broke
Chinese professor’s secret warning: China is broke
http://blogs.news.com.au/heraldsun/andrewbolt/index.php/heraldsun/comments/chinese_professors_secret_warning_china_is_broke
I’d comment more, but I’ve been taking a Sensetti all evening.
Sensetti says:
Llpoh says: Sensetti obviously knows nothing about history. If he did he would realize that there is a pattern that exists if you fuck with Russia, you get the horns. Nothing good ever comes out of fucking with Russia.
Dementia has obviously overtaken my mentor. Reagan took the USSR down with low oil prices & without firing a shot. All you Newbies watch and learn!
Ronald Reagan’s son says his father got the Saudis to pump more oil to undercut USSR
Reagan’s son, Michael Reagan, offered this advice for Obama on the Townhall.com website:
“I suggest that President Obama might want to study how Ronald Reagan defeated the Soviet Union.
“He did it without firing a shot, as we know, but he had a super weapon — oil.
________________________________________________________-
The historic price of oil does not reflect this. Oil at it’s lowest point in the 80’s was higher in real terms than it was throughout the 60’s and 70’s at this at a time of a global recession.
http://www.macrotrends.net/1369/crude-oil-price-history-chart
PS: Reagan sucked. He was good at bullshit but gave us debt, moar government and USA,! USA! USA! Maybe it was his dementia…
RussiaIsShit says:
Ukraine got every right to fuck up Russian gas flow after the annezion, invasion, bombing and killing of Ukrainians by Russian “volunteers” that use Newest Weapons of Russian Army mostly Rockets and War machines, and yes there are already tons and tons of proves for that, so don’t start with Russian Propaganda shit. Russia deserves to sink in SHIT, Russian people and their Putler Deserve to CHOKE on SHIT after what they did to Georgia and Ukraine. Fuck you Russia, Israel is with Obama and Ukraine.
___________________________________
Fuck Israel. The world will be a much better place once that parasite is wiped off the face of the earth.
Hell At least Z comes out swinging.
Z your link doesn’t reflect your point. Post a single chart or something, you get a mulligan. Thanks for your participation.
Z, these low oil prices engineered by the US and the Saudis have a two fold objective to hurt, Russia, one, second Iran. What say you?
T 4C
What are you saying?
Sensetti says:
Z, these low oil prices engineered by the US and the Saudis have a two fold objective to hurt, Russia, one, second Iran. What say you?
________________________
My opinion is that both Russia and Iran are large and strong enough to persevere. All this crap accomplishes is to rally the people around their governments. As for Iran, it also buttresses their argument that they need nuclear power to free more of their their petroleum and natural gas for export.
Ok Admin you are duly noted. Low Oil prices and sanctions will not hurt a Russia. They have enough cash on hand to weather the storm.
I call bullshit and have book marked this thread, time will prove me correct wait and see.
Well, “The West” has certainly taken the initiative in terms of imposition of unitive sanctions, and manipulation of oil prices, in order to “punish Putin” and oblige Russia to follow the narrative. One could say that Putin’s responses have been less than substantial, which may have encouraged “The West” to pile on yet more pressure in order to obtain “compliance”.
This certainly seems to reflect the current state of affairs, and in view of the lack of effective retaliation, “The West” sees no real risk in escalating the economic war on a frequent basis – each escalation seeming to reinforce the narrative that “Putin is jus a Regional player, and Russia is just a very localised, “Regional” power with no significant capability to cause “The West” any significant hardship / damage”.
And so it goes on, with “The West” becoming more cocky (and complacent) with each iteration, until Mr Putin decides the time is right to demonstrate his (and Russia’s) capabilities.
That is when the “Game” ends, and Western hegemony becomes just a sidenote in the history written by the victors, (NOT “The West”).
Remeber to thank your Politicians and their lackeys. If it wasn’t for their unceasing efforts, the World might have been a better place .. . . . .
Tensions with Russia could blow up into all-out conflict, posing “an existential threat to our whole being”, Britain’s top general in Nato has warned.
Gen Sir Adrian Bradshaw, deputy commander of Nato forces in Europe, said there was a danger Vladimir Putin could try to use his armies to invade and seize Nato territory, after calculating the alliance would be too afraid of escalating violence to respond.
His comments follow a clash between London and Moscow after the Defence Secretary, Michael Fallon, said there was a “real and present danger” Mr Putin could try to destabilise the Baltic states with a campaign of subversion and irregular warfare.
http://www.telegraph.co.uk/news/uknews/defence/11425393/Russian-tensions-could-escalate-into-all-out-war-says-Gen-Adrian-Bradshaw.html
The Kremlin called those comments “absolutely unacceptable”.
senseless posturing..
U.S. military vehicles paraded 300 yards from the Russian border
MOSCOW — U.S. military combat vehicles paraded Wednesday through an Estonian city that juts into Russia, a symbolic act that highlighted the stakes for both sides amid the worst tensions between the West and Russia since the Cold War.
The armored personnel carriers and other U.S. Army vehicles that rolled through the streets of Narva, a border city separated by a narrow frontier from Russia, were a dramatic reminder of the new military confrontation in Eastern Europe.
The soldiers from the U.S. Army’s Second Cavalry Regiment were taking part in a military parade to mark Estonia’s Independence Day. Narva is a vulnerable border city separated by a river from Russia. It has often been cited as a potential target for the Kremlin if it wanted to escalate its conflict with the West onto NATO territory.
http://www.washingtonpost.com/blogs/worldviews/wp/2015/02/24/u-s-military-vehicles-paraded-300-yards-from-the-russian-border/
I’d comment more, but I took a five pound Sensetti this morning and my toilets are all clogged up.
very entertaining discussions today. John
I don’t know what is least worse about this stupid thread; taking Sensetti’s or babbling about who’s going broke over oil (or not)..
The facts are that the world, as a whole, is busted. This is due to far more than the Fed and includes the EU and stupid people from Brazil to China.
The amount of damage to be done when the bubble finds the pin will completely depend on how far you have to fall. The West and East will fall a long way.
Africa and Central/South America, not so much because they are starting the fall from a very low base.
Malthus was right after all. To many people, limited resources (at a cost that can be afforded) and general stupidity (or cupidity) of those “to many people) will do us all in to some extent or another.
Back to “hunter gather” social status? Never happen except where those of current low level existence fall from that spot to zero. Big die off for the rest of us down to the point we once again are able to live within a much lowered window of existence. i.e. A lot more farmers and ag workers and a lot fewer bankers and Government/State pukes.
Think a modicum of anarchy in the medium term. Think Feudal in the long term.
It seems there is a downside to continued evolution – could we be on a Bell Curve as far as civilization is concerned? Everything else in/on the World is governed by it; why should we be exclusively exempt from the falling end of that curve?
MA
Stucky why do you want to make this personal? Do you really want to go there?
I am simply making a prediction that Russia is going to hit the skids related to low oil prices and sanctions leveled at them. No where did I endorse a policy or advocate a position.
I am very disappointed in Stucky for attacking me for making an intelligent prediction that very well may come to pass. I was the guy that offered him my Motorhome to stay in a few years back when he was in a tight spot. Sad, very fucking sad.
This article is dated today since a two month old article is out of date.
Russia: Russia’s situation is getting the most attention these days. The country’s is hugely dependent on oil and gas production — with oil revenues making up 45 percent of the government budget — and the sharp fall on prices has been ruinous.
RUSSIA’S ECONOMY IS EXPECTED TO SHRINK 4.5% NEXT YEAR IF OIL STAYS AT $60 PER BARREL
Economists now estimate that Russia’s GDP will shrink at least 4.5 percent in 2015 if oil says below $60 per barrel. The plunging price of oil has also caused the ruble’s value to collapse — which is leading to panic inside Russia and a rise in inflation, as imports become drastically more expensive. Many Russians, worried that their savings may vanish, have been rushing out to buy cars and washing machines — anything that has more lasting value than currency.
So far, Russia’s central bank has been struggling to deal with this crisis. On December 15, 2014, the country suddenly hiked interest rates from 10.5 percent to 17 percent in an attempt to stop people from selling off rubles. But those rate hikes are likely to slow the country’s economy down even further.
http://www.vox.com/2014/12/16/7401705/oil-prices-falling
“Stucky why do you want to make this personal?” ———– Sensetti
No, not at all. If it gets personal, I’ll stop immediately. Just having fun with you. It took a good 15+ minutes to find the Putin pic, edit it, upload it to photobucket, and paste it here. I wouldn’t go through that trouble if I didn’t like ya! You should be honored!!
I’ve jumped all over Llpoh’s shit, SSS, Billy, etc …. at the end of the day, it’s all GOOD, man!
We have two fundamental differences of opinion, but that doesn’t mean we gots to be hatin’ each other. Cuz, I don’t. You’re a swell guy, and a fine contributor here. I mean that.
1) We disagree about Repubs vs Dems. I think they’re both shit, you don’t. So we’ll butt heads on that one.
2) Actually, I AGREE with you regarding Russia … in the SHORT term. It appears to me you are ignoring Russia’s long term prognosis. They are a huge land with MANY natural resources. They’ll be fine in the long term. I also think you discount the Russian people’s ability for dealing with hardships. They are experts at it.
Other than that, we’re pretty much on the same page regarding everything else. Right? So don’t sweat the small stuff …. like these battles on specific threads. You’re a really good guy, and I still got your back on everything else.
PEACE!
flash says: Tensions with Russia could blow up into all-out conflict, posing “an existential threat to our whole being”, Britain’s top general in Nato has warned.
Flash that’s what I’ve been saying Russia is being backed into a corner and will be left with no way out but to fight. But oh No, that doesn’t fit here on TBP, facts be fucking damned, Russia is debt free and not dependent on Oil and Gas Revenue.
Here the line is Russia’s military will kick our ass should war come, knowing whoever controls the airspace controls the battlefield, Russia has a total of 3429 aircraft, the United States has 13,892, but here on TBP having Ten thousand more aircraft than your opponent spells defeat. Really?
I post hard numbers showing the superiority of the. US War Machine VS the Russian war machine and what happens, I’am attacked, but not ONE person will come out and challenge the numbers. Not one person will explain to me how Russia would beat the United States in the air facing an overwhelming number of aircraft.
See my post below
Sensetti says: Russia would be hard pressed to beat the US military in a conventional ground war. Look at the numbers.
http://www.globalfirepower.com/countries-comparison-detail.asp?form=form&country1=united-states-of-america&country2=russia&Submit=COMPARE
Do facts matter anymore?