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Oil is a much bigger crisis facing Russia right now than the virus. I don't think the magnitude of the problem is settling in yet. This is a historical drop in demand coincided with an increase in production. The market has been pricing that Russia will call a truce but if they don't, whoever owns oil storage capacity is going to very busy.
Oil is a much bigger crisis facing Russia right now than the virus. I don't think the magnitude of the problem is settling in yet. This is a historical drop in demand coincided with an increase in production. The market has been pricing that Russia will call a truce but if they don't, whoever owns oil storage capacity is going to very busy.
THIS for some strange reason or the other does not worry me.
What I see is going on in the US in terms of markets/disruptions and the rest, is of a much bigger concern. ( Fracking is going to be buried now too I assume? Yet another hit to economy.)
Oil is a much bigger crisis facing Russia right now than the virus. I don't think the magnitude of the problem is settling in yet. This is a historical drop in demand coincided with an increase in production. The market has been pricing that Russia will call a truce but if they don't, whoever owns oil storage capacity is going to very busy.
Oil is least of the problems. The virus will stop economy much stronger due to quarantine measures.
There are several dozen coronaviruses. We get sick humans coronoviruses without problems. Current is SARS-CoV-2. It came to us from animals in 2019, so it only learns not to kill people.
Who told you so?
Russia is much, much closer to China in respect of forcible quarantines and the message about the danger of coronavirus sent every five minutes on the news. (They do give updates on the infected and what areas/regions they reside in too by the way.)
I live here/there, that is how I know. Not a soul in sight has a care in the world about this, the media is forced to down play all of it, people are not suppose to be talking about it.
Quote:
Originally Posted by DKM
Oil is a much bigger crisis facing Russia right now than the virus. I don't think the magnitude of the problem is settling in yet. This is a historical drop in demand coincided with an increase in production. The market has been pricing that Russia will call a truce but if they don't, whoever owns oil storage capacity is going to very busy.
Oil is not at all an issue right now, Russia called it correctly to start this war, and they have the finances to do it. Saudi Arabia is in much worse shape for a prolonged oil war, and US private sector unless the gov bails them out, cannot go to war at all.
I live here/there, that is how I know. Not a soul in sight has a care in the world about this, the media is forced to down play all of it, people are not suppose to be talking about it.
That's all I see they are talking on "60 minutes" (AND on the news) lately on Russia 1 channel. ( I am paying attention now, since DKM mentioned it.)
You do not have access to this channel, or what's going on?
Quote:
Oil is not at all an issue right now, Russia called it correctly to start this war, and they have the finances to do it. Saudi Arabia is in much worse shape for a prolonged oil war, and US private sector unless the gov bails them out, cannot go to war at all.
Why "they?"
Why are you referring to Russians as "they," if you ( supposedly) live there, may I ask?
That's all I see they are talking on "60 minutes" (AND on the news) lately on Russia 1 channel. ( I am paying attention now, since DKM mentioned it.)
You do not have access to this channel, or what's going on?
They are only talking about others, and only talking about Russia as in everything is fine, or that the gov has everything under control and there are no issues.
Quote:
Originally Posted by erasure
Why "they?"
Why are you referring to Russians as "they," if you ( supposedly) live there, may I ask?
While I am living there, I am a US citizen also, but from a former USSR Republic, though ethnically Russian. I am not a Russian citizen, so still refer to them as "they" out of habit.
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