porch monkey
It's all US bull****. The oracle said so.
Why thank you for recognizing my ability to see the future Porch Monkey, maybe finally people are starting to wake up?
PLovett
You have posted this article in support of your arguments without conducting any critical examination of its sources or the purported facts that are contained within it. Like most bankster propaganda it contains a mix of lies, some truths, and is sprinkled with some quotes from credible sources that were never originally associated with this particular article but are general responses at press conferences or similar that have been cut and pasted in. The article is designed to create a false mass reality within its target audience, and its tone is shrill with a hint of desperation. Its the kind of article that a competent and moral first year cadet journalist would see straight through.
The gullibility of the Judaeo Christian proletariat never ceases to amaze me and it is why they have been slaves for millennia and will continue to be so.
Let us consider the primary source of the article The Telegraph, a well known outlet for bankster propaganda and social engineering. Like any other major western media outlet it parrots the entrenched lies, trying to convince the masses that the middle class being on dependant on welfare is normal and that both partners working while the kids are at the child care factory being desensitized is desirable.
The article is in trouble from the very first line,
Russia has lost control of its economy and may be forced to impose Soviet-style exchange controls after "shock and awe" action by the central bank failed to stem the collapse of the rouble.
Who says the Russians have lost control of the economy? A second rate journo from the Telegraph? Certainly not Sergei Shvetsov, no doubt under enormous pressure and who's words reflect the gravity of the threats of an enemy addicted to the speed of printed money with a history of violence against any state or individual that opposes it. He does not say that the state has lost control, as implied by the preceding sentence.
Now let us consider the secondary sources within the story and the common trait they share, that is they are all dependant on the purveyance of printed money. They all make a living from usury, money printing, leverage and predatory lending. They will not hesitate to parrot the lies of the status quo, and are hand picked for the task. Remember these are the people who didn't see the GFC coming, well publicly anyway.
Who are these non de-script spokespeople anyway,
Neil Shearing, from Capital Economics.
Michal Dybula, from BNP Paribas,
Anthony Peters, from SwissInvest
Eugene Kogan, from Moscow Partners,
BNP’s Tatiana Tchembarova
Lubomir Mitov, from the Institute of International Finance
Lars Christensen, from Danske Bank
“A Russian downgrade to junk is only a matter or time,” said Tim Ash, from Standard Bank.
All of them make their living from money lending.
Michal Dybula, from BNP Paribas, said the rouble's plunge risks setting off a systemic bank run. “A large-scale run on deposits, once under way, would make capital controls pretty much unavoidable,”
Last time I looked that was a problem that was afflicting western economies and was controlled only by turning off the ATM's and peoples bank accounts were being robbed by subservient governments who simply confiscated a percentage, effectively a transfer of private debt to the taxpayer.
Contagion is spreading across the emerging market nexus, hitting countries such as Turkey and India that should be beneficiaries of lower oil prices. “There is absolutely no liquidity anywhere. The system is stressed and we have a crunch all over the place,” said one hedge fund trader
No liquidity? The US$ and its subsidiaries are the currency's that have a history of liquidity problems, only solved by the confidence trick of printing money and misuse of state power by confiscating or removing access to savings. Stay tuned for massive liquidity problems throughout the west.
After years of bluster and suggestions by Mr Putin that the US is a paper tiger, the Kremlin is now coming face to face with the cataclysmic consequences of what it has done by invading Ukraine and changing Europe's borders by force.
What Invasion? What border change? The only place within Ukraine that the Russian Army has a presence is a long term leasehold which includes Sevastopol which is leased by Russia from Ukraine as part of a standing military agreement. Russia will fight a war over the deep water port of Sevastopol.
Sergei Lavrov, Russia's foreign minister, said it is now clear that the US aim is to topple Mr Putin through "regime change" but vowed that the Russian people would rise in defiance. “We have been in much worse situations in our history, and every time we have got out of our fix much stronger,” he said.
Refer to my earlier posts regarding Russian History that you dismissed as irrelevant PLovett. Russia has threatened the petrodollar making it a target for regime change.
By the same token, Washington needs to move with care since it would be a geostrategic miscalculation of the first order to push a nuclear-armed Russia too far into a corner,
Indeed! America has reached the point of delusional overreach and everyone around them is frightened by the possibility of a nuclear war. This in itself is a major cause for the drop in oil price as instability lessens demand. The drop in demand is also being fed by the fact that the western economies are stone motherless broke after paying for a succession of failed American wars, primarily in the Middle East. OPEC is also sinking the boot in by increasing supply as revenge for support of Israel. Russia is not some third world Arab country with a rag tag army, it is a long established European Power.
Dmitry Medvedev held an emergency meeting with economic planners, and rumours swirled of a sweeping purge at the top of Kremlin
Possible, improbable and pure wishful thinking by those sponsored to agitate against Russia.
Russian GDP has shrunk to $1.1 trillion, smaller than the economy of Texas, and half the size of Italy’s
Really? The Russian economy has shrunk by half from 2.1 trillion to 1.1 trillion. Consider the practical reality of trying to shrink an economy on this scale in such a short period? Given the chaos and the fact the Russians themselves wouldn't be entirely sure what is going on I call bull**** on 90% of the figures in the article. Texas is also finding its economy in trouble as what little recovery and jobs growth that was occurring there was funded by shale oil.
Brent crude fell below $59 a barrel on Tuesday for the first time since the depths of the Great Recession in 2009.
Forget about the banksters dropping interest rates to stop deleveraging and therefore currency collapse and start thinking about the US dollar being routed by falling oil prices. At the very least the consequences of all this instability will be a deep economic downturn. The Great Recession is a really cute term very PC.
The measures include $350m of military assistance to Ukraine
As always plenty of US$ money for war, but no money for the poor in America who were swindled by predatory lending and lost their homes.
IT IS THE US WHO IS SAILING INTO THE PERFECT STORM AS THE REST OF THE WORLD TAKES STEPS TO ELIMINATE THE AMERICAN THREAT TO EVERY NATIONS SOVEREIGNTY
How will all these major factors involving Russia affect the oil price, the question raised by the OP?
Enjoy the low prices while you can because the long term trend will be upward, driven by increased tension over access to energy. In terms of AVGAS, which is a low volume boutique fuel, there will be very little downward movement, if any.