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originally posted by: Zaphod58
a reply to: BornAgainAlien
Yes of course. Because every president fires a few hundred people to shut them up.
originally posted by: letscit
going for the gold
originally posted by: noeltrotsky
originally posted by: letscit
going for the gold
It's a good point. Russia has been stocking up on gold for several years now even despite the price of gold dropping...not usually a time to stockpile.
The reality is Russians aren't stupid.
They saw the devastating sanctions placed against Iran and given their economy is similar enough to Iran just larger they knew exactly what would happen when they did something the US didn't like.
They build up reserve funds and stocked enough gold to be able to back the Ruble with gold if push comes to shove economically. Well, they don't have quite enough gold to do it...but they are getting there.
The Russians don't believe the EU and US will be in the sanctions game for the long term. This is a fatal mistake I believe. The sanctions aren't designed to immediately cripple Russia. They are designed to slowly bleed the country to death. Working with the Saudis to tank the price of Oil is a crippling move orchestrated by the US.
Given the US increase in domestic fracking I find that very unlikely. I think it's a Saudi move orchestrated by Saudi, against Russia and Iran and Daesh.
originally posted by: mbkennel
originally posted by: FormOfTheLord
Mark my words there will be no war, this is called saber rattling. The military would revolt and perform a KU before they allowed such a destructive world war to come to pass. Why because some love the world too much to allow it all to fall to ruin for the needs of a few which do no outweigh the needs of the many.
originally posted by: victor7
Somewhere I read that US fracking technology efficiency has increased and now break even has come down from $70/brl to $57/brl. So US is still above the water when it comes oil prices. No fracking based production is going to stop unless prices fall below $60.
originally posted by: victor7
...the fascist Kiev Junta ...
I think you've confused me with some Putin paid internet trolls!
And no matter which choice Russia would have made regarding the Ukraine, the economic attack on Russia would have happened anyway because a reason would still have been created.
originally posted by: Ancient Champion
a reply to: Plugin
Putin said he was ready for war, not the Russain people. What Putin wants is not want the Russain people want.
This is exactly what Russian mindset does not understand........even their leaders do not understand.
There is no respectable place for Russia World, Orthodox and Slavic type people in the western mindset.
Briefly, at that period, the assumption was that Russia would become the great supplier of energy and raw materials to Europe. This was the period of Europe's great “rush for gas” as the Europeans looked forward to unlimited and unending Russian supplies. It was the increase in the role of Russian gas in the European energy mix which made it possible for Europe to run down its coal industry and cut its carbon emissions and bully and lecture everyone else to do the same.
However the Europeans did not envisage that Russia would just supply them with energy. Rather they always supposed this energy would be extracted for them in Russia by Western energy companies. This after all is the pattern in most of the developing world. The EU calls this “energy security” - a euphemism for the extraction of energy in other countries by its own companies under its own control.
It never happened that way. Though the Russian oil industry was privatised it mostly remained in Russian hands. After Putin came to power in 2000 the trend towards privatisation in the oil industry was reversed. One of the major reasons for western anger at the arrest of Khodorkovsky and the closure of Yukos and the transfer of its assets to the state oil company Rosneft was precisely because is reversed this trend of privatisation in the oil industry.
Ukraine’s LNG plans may be further complicated by Russia’s decision this week to scrap its $45 billion South Stream gas pipeline to Europe, favoring instead a Black Sea link to Turkey. Strengthening ties between Russia and Turkey may make it even less likely that the government in Ankara would open up the Bosporus to LNG tankers. Russia already supplies 59 percent of Turkey’s gas.