Recession in Russia in 2015 ? (house, calculated, living in)
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the whole point of americas fracking endeavour is to weaken the likes of russia and iran , america is wagging financial war on russia but if the collapse in oil prices ends up bankrupting american oil corporations and spreading contagion into other parts of the economy , they might regret embarking on their energy revolution
1. America going to the shale and renewable energy revolution was to get away from being dependent on OPEC more than anything else. OPEC got to greedy and that is what has caused big oil in the United States to become as profitable as it has been...well until recently at least.
2. The United States government's main revenue doesn't come from oil...it's a really really really small part of the government's revenue. Low oil prices are actually a good thing for the average American. US oil companies stock shares are taking a hit from the oil war with OPEC but considering OPEC has lost an estimated 1.5 trillion dollars because of this pricing war and the fact OPEC countries are completely oil dependent and have nothing to fall back on. Also all of there money for there government budgets come from oil and they need high oil prices to keep there budges afloat things are going to be interesting how they turn out.
1. America going to the shale and renewable energy revolution was to get away from being dependent on OPEC more than anything else. OPEC got to greedy and that is what has caused big oil in the United States to become as profitable as it has been...well until recently at least.
2. The United States government's main revenue doesn't come from oil...it's a really really really small part of the government's revenue. Low oil prices are actually a good thing for the average American. US oil companies stock shares are taking a hit from the oil war with OPEC but considering OPEC has lost an estimated 1.5 trillion dollars because of this pricing war and the fact OPEC countries are completely oil dependent and have nothing to fall back on. Also all of there money for there government budgets come from oil and they need high oil prices to keep there budges afloat things are going to be interesting how they turn out.
And for everyone else who lives in countries that produce no oil .
1. America going to the shale and renewable energy revolution was to get away from being dependent on OPEC more than anything else. OPEC got to greedy and that is what has caused big oil in the United States to become as profitable as it has been...well until recently at least.
2. The United States government's main revenue doesn't come from oil...it's a really really really small part of the government's revenue. Low oil prices are actually a good thing for the average American. US oil companies stock shares are taking a hit from the oil war with OPEC but considering OPEC has lost an estimated 1.5 trillion dollars because of this pricing war and the fact OPEC countries are completely oil dependent and have nothing to fall back on. Also all of there money for there government budgets come from oil and they need high oil prices to keep there budges afloat things are going to be interesting how they turn out.
I am sorry, but as the US citizen ( and someone who is driving) this falling oil prices make me increasingly nervous, because as they say "if something is too good to be true..." It ain't good at all.
"There has only been one other time in history when the price of oil has crashed by more than 40 dollars in less than 6 months. The last time this happened was during the second half of 2008, and the beginning of that oil price crash preceded the great financial collapse that happened later that year by several months. Well, now it is happening again, but this time the stakes are even higher."
“The price of oil has plunged …and junk bonds in the US energy sector are getting hammered, after a phenomenal boom that peaked this year. Energy companies sold $50 billion in junk bonds through October, 14% of all junk bonds issued! But junk-rated energy companies trying to raise new money to service old debt or to fund costly fracking or off-shore drilling operations are suddenly hitting resistance.
And the erstwhile booming leveraged loans, the ugly sisters of junk bonds, are causing the Fed to have conniptions. Even Fed Chair Yellen singled them out because they involve banks and represent risks to the financial system."
Unfortunately, Russians seem to support their dictator, and they are paying the price. Instead of choosing a future of prosperity, linked to the Western economic system, they choose poverty, isolation, and ignorance.
Good luck, Russia. You'll need it. Stop the Ukranian invasion, apologize for your actions, and you can re-enter the global economic system. Or you can keep Putin and choose a path of misery.
the whole point of americas fracking endeavour is to weaken the likes of russia and iran ,
This is an absurd claim.
There is not one drop of Russian or Iranian oil used in the U.S. The fracking is used to gain energy independence, and pretty much only affects Canada and Mexico (the two nations formerly supplying large amounts of oil to U.S., but no longer, for the most part).
Unfortunately, Russians seem to support their dictator, and they are paying the price. Instead of choosing a future of prosperity, linked to the Western economic system, they choose poverty, isolation, and ignorance.
Good luck, Russia. You'll need it.
Sure, they already saw this so-called "link to the Western economic system" in the nineties and they've learned the hard way what it was all about.
So they have their own ( quite valuable) reasons to support their dictator.
What will happen in the nearest future only time will tell.
Unfortunately, Russians seem to support their dictator, and they are paying the price. Instead of choosing a future of prosperity, linked to the Western economic system, they choose poverty, isolation, and ignorance.
Good luck, Russia. You'll need it. Stop the Ukranian invasion, apologize for your actions, and you can re-enter the global economic system. Or you can keep Putin and choose a path of misery.
Putin also eat soup babies for breakfast. The information is correct 146%.
"In Russia, services are the biggest sector of the economy and account for 58% of GDP."
from wikipedia...
also:
"Russia is also a leading producer and exporter of minerals and gold. 90% of Russian exports to the United States are minerals or other raw materials.[citation needed] Russia is the largest diamond-producing nation in the world, "
it's a very misleading to look at russia as nothing but a gas-export mafia country.
However i am more concerned how are they going to cope wit the decreasing usage of oil? Till the end of this century the oil reserves of the earth will start decreasing rapidly and unless in the future we power our cars by solar panels (produced in russia) OR electricity....like tesla etc there's no other way. But russia so far doesn't implement solutions for that.
However i am more concerned how are they going to cope wit the decreasing usage of oil? Till the end of this century the oil reserves of the earth will start decreasing rapidly and unless in the future we power our cars by solar panels (produced in russia) OR electricity....like tesla etc there's no other way. But russia so far doesn't implement solutions for that.
Electric cars will not help with a lack of oil. People still need oil for generate electricity on a large scale. The problem should solve controlled thermonuclear fusion. Hopefully, it will invent in the next 50-100 years.
Sure, they already saw this so-called "link to the Western economic system" in the nineties and they've learned the hard way what it was all about.
You're right. Russia had the greatest economic boom in its history, and the people of Russia became more prosperous than ever. Russia had huge wage gains every year for about 15 years.
Russia developed a large middle class, largely due to Russia's engagement with the global economic system. Now that era is probably over. Russia is already in recession, and the ruble's value has plummeted. Russians are rapidly sinking back into poverty and isolation.
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