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2020-03-11 Caucasus/Russia/Central Asia
Russia has just announced that she could live with 25 $ oil for 10 years
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Posted by Fred 2020-03-11 00:00|| || Front Page|| [336086 views ]  Top

#1 A magnificent bluff?
Posted by g(r)omgoru 2020-03-11 03:08||   2020-03-11 03:08|| Front Page Top

#2 Hard to tell. MBS's position didn't leave Tsar Vlad much room. He could either cave or go all in. It would appear he pushed those chips across the table and suggested the crown prince, 'Try me'.
Posted by Cesare 2020-03-11 07:23||   2020-03-11 07:23|| Front Page Top

#3 Baloney: Just last year there was reported:
Russian Budget Sees Lowest Break-Even Oil Price in Over a Decade. President Vladimir Putin is not taking any chances as he sticks to a tight fiscal policy. Aug. 22, 2019 This year’s budget balances at a price of $49.20 for Urals crude. Andrei Liankevich / EPA / TASS

Russia is running a budget that breaks even at the lowest crude oil price in over a decade, Bloomberg reported Thursday.

This year’s budget balances at a price of $49.20 for Urals crude, putting it close to the bottom of the rankings of major oil producers according to that measure, Bloomberg reported.
Posted by b 2020-03-11 11:15||   2020-03-11 11:15|| Front Page Top

#4 Looks like a bet that the party that promises to shut down fracking in the US will not be in power next year.
Posted by M. Murcek 2020-03-11 12:28||   2020-03-11 12:28|| Front Page Top

#5 Ah'm good with it.
Posted by Skidmark 2020-03-11 13:13||   2020-03-11 13:13|| Front Page Top

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