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#Post#: 17028--------------------------------------------------
Here comes the Russian Recession
By: rapids_60 Date: October 16, 2014, 1:21 am
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HTML http://www.forbes.com/sites/brighammccown/2014/10/15/oil-gas-prices-how-low-will-they-go/
Oil just slid to $81(west texas) and $85 (brent) and still
heading downward.
Bad news for Putin.
#Post#: 17031--------------------------------------------------
Re: Here comes the Russian Recession
By: trollslayer Date: October 16, 2014, 8:02 am
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[quote author=rapids_60 link=topic=1283.msg17028#msg17028
date=1413440485]
HTML http://www.forbes.com/sites/brighammccown/2014/10/15/oil-gas-prices-how-low-will-they-go/
Oil just slid to $81(west texas) and $85 (brent) and still
heading downward.
Bad news for Putin.
[/quote]
Why thats horrible. It seems his big stick is getting smaller.
Gas is $3.18 by me.
#Post#: 17038--------------------------------------------------
Re: Here comes the Russian Recession
By: Snickers Date: October 16, 2014, 11:29 am
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Sunday I topped off in Peshtigo for $3.08
Last week in Menominee Mi. It was $2.89 a gal.
I hope the price of oil drops to all time lows so we can stick
it up Putin's a$$. Turn Russia's economy into bowl of $hit.
Get the Russians to wake up and boot his a$$ out once and for
all.
#Post#: 17077--------------------------------------------------
Re: Here comes the Russian Recession
By: trollslayer Date: October 20, 2014, 3:09 pm
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Putin has taken a page directly from the Obama playbook and
threatened "consequences" if the US didn't relieve some of the
sanctions against them. It looks like the lower price of oil is
having it's intended outcome.
[quote]
Russia lashed out at the U.S. again Monday, predicting a long
period of cold relations and saying that Moscow won’t agree to
any conditions for the lifting of sanctions on it.
The comments by Foreign Minister Sergey Lavrov in a speech at a
foreign policy institute in Moscow Monday, come after a bruising
verbal encounter between President Vladimir Putin and European
leaders in Milan last week, which failed to yield any material
progress in ending the conflict in Ukraine.
Frustration at Western hectoring boils over after Milan meeting
brings no progress; Ruble near all-time lows again after Moody’s
cuts sovereign debt rating.
Russia lashed out at the U.S. again Monday, predicting a long
period of cold relations and saying that Moscow won’t agree to
any conditions for the lifting of sanctions on it.
The comments by Foreign Minister Sergey Lavrov in a speech at a
foreign policy institute in Moscow Monday, come after a bruising
verbal encounter between President Vladimir Putin and European
leaders in Milan last week, which failed to yield any material
progress in ending the conflict in Ukraine.
“This period now affecting our relations will be a long one,”
Interfax reported Lavrov as saying Monday, putting the blame for
the deterioration of relations squarely on the U.S.’s refusal to
accept the rise of other powers after two decades of the
post-Cold War ‘Washington Consensus’.
The E.U.’s decision to fall in with U.S. policy on Ukraine and
join it in applying sanctions has angered Moscow, which had
counted on the importance of their bilateral trade
relations–especially in energy–to protect it. Instead the E.U.,
like the U.S., has banned Russia’s largest banks from its
capital markets and limited sales of high-tech goods to its
crucial oil sector.
Europe’s de facto leader, German Chancellor Angela Merkel, had
told the Bundestag before meeting with Putin Thursday and Friday
that she wanted Russia to withdraw its troops from Ukraine,
allow independent monitoring of the Russia-Ukraine border, and
support free regional elections in the disputed provinces of
eastern Ukraine under Ukrainian law.
“We won’t agree to any criteria and conditions of the sort,”
Lavrov told the NTV channel Sunday, saying that Russia was
already doing more to end the crisis than anyone else.
“We can find a way out of the present crisis and will help our
Ukrainian brothers agree on how to restructure their country,”
Lavrov said, in a reference to Moscow’s support for the
“federalization” of Ukraine. The two regions partially held by
pro-Russian rebels, Donetsk and Luhansk, have said declared
independence and won’t accept anything less.
For all the defiance, pressure on the Russian economy is slowly
mounting under the combined influence of sanctions and, more
importantly in the short term, the sharp drop in the price of
oil, its main export. On Friday, Moody’s Investor Service cut
the country’s long-term debt rating to Baa2, only two grades
above junk status, with a negative outlook.
The ruble has weakened to a series of all-time lows against the
dollar, despite the central bank softening the decline with
billions of dollars of foreign exchange interventions.
At the weekend, Russia agreed to a temporary compromise–proposed
by the E.U.–on resuming gas supplies to Ukraine at a price 20%
below what it had previously asked for. OAO Gazprom had stopped
supplying it in May citing unpaid bills of $5 billion for past
deliveries.
The deal should avert the risk of a shutdown in crucial supplies
to some E.U. countries this winter, but it’s unclear how Ukraine
will pay for the deliveries. The country is on the verge of
bankruptcy after the annexation of Crimea and the war in the
east wrecked its economy. Industrial production in September was
down 16.6% from a year ago due to collapsing output in Donetsk
and Luhansk.[/quote]
HTML http://fortune.com/2014/10/20/russia-warns-of-prolonged-period-of-cold-relations-with-u-s/
#Post#: 17079--------------------------------------------------
Re: Here comes the Russian Recession
By: trollslayer Date: October 20, 2014, 3:44 pm
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Also, on a related note. I stopped at the Shell station in
Wittenberg Fri on my way home from Manitowoc. Gas is only
$2.95. It was nearly impossible to get into this small gas
station so I didn't. I did run a couple miles down the road to
the casino and paid $3.05.
#Post#: 17080--------------------------------------------------
Re: Here comes the Russian Recession
By: 2fat Date: October 20, 2014, 9:45 pm
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Diesel was $3.42 in central Iowa this weekend--think gas was
around $2.90
#Post#: 17085--------------------------------------------------
Re: Here comes the Russian Recession
By: trollslayer Date: October 21, 2014, 7:44 am
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[quote author=trollslayer link=topic=1283.msg17079#msg17079
date=1413837861]
Also, on a related note. I stopped at the Shell station in
Wittenberg Fri on my way home from Manitowoc. Gas is only
$2.95. It was nearly impossible to get into this small gas
station so I didn't. I did run a couple miles down the road to
the **** and paid $3.05.
[/quote]
OMG. I just realized c-a-s-i-n-o was a bad word.
I said long ago if the price of oil dropped Putin would be
singing a different tune. It looks like he's getting squeezed.
I never did understand the price of diesel. Sometimes it's
lower than gas, sometimes higher. But I know it doesn't
fluctuate as rapidly as gas.
#Post#: 17086--------------------------------------------------
Re: Here comes the Russian Recession
By: 2fat Date: October 21, 2014, 8:38 am
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[quote author=trollslayer link=topic=1283.msg17085#msg17085
date=1413895490]
I never did understand the price of diesel. Sometimes it's
lower than gas, sometimes higher. But I know it doesn't
fluctuate as rapidly as gas.
[/quote]
diesel historically has been at least 30% less then gas--then I
bought a diesel pick-up and within 6months or so the it
flopped---was 'told' that it was driven by epa rules---from
remembering high school science diesel comes off the distillate
tower way lower then gas--therefore should be cheaper!!
HTML http://www.bbc.co.uk/schools/gcsebitesize/science/aqa_pre_2011/rocks/fuelsrev3.shtml
Would like a diesel car too but the US hasn't been able to take
off the blinders and make the switch to make those cars
affordable
#Post#: 17091--------------------------------------------------
Re: Here comes the Russian Recession
By: rapids_60 Date: October 21, 2014, 7:40 pm
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[quote author=2fat link=topic=1283.msg17086#msg17086
date=1413898725]
diesel comes off the distillate tower way lower then
gas--therefore should be cheaper!!
[/quote]
Demand for diesel between the US and Europe ( some 98% of new
European cars run on diesel?) has increased while demand for
gasoline has actually fallen. But a typical barrel of oil
yields twice as much gasoline as diesel fuel.
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