SLAVNIGGERS GOING BANKRUPT AGAIN

Russia can withstand economic crisis for longer than USA can.

>Low oil price harms USA/Saudi Arabia more than Russia
Unironically kill yourself you stupid retard holy shit

>At this price Russia cannot balance its budget
We balance budget around the price of 40, it's currently 46.

checked

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>low oil price harms USA
yeah you’re right I just absolutely fucking hate it when I pay less for fuel to get to and from work.

>At this price Russia cannot balance its budget, you can't buy enough gold to cover that.
There will nothing to buy internationally, since China is still shut down.

Of course gold helps if oil falls. Its not exactly enough when your entire country depends on oil revenues. Petrodollar is irrelevant.

Just lmao. The US despite all its faults, is the most diverse economy on the planet. Russia depends so much on oil and commodity exports its a joke.

Crude or Urals? Urals balance is 49 and currently 44. Crude is now 42-41.

based and stone collector pilled

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42-43* crude

Consoomers benefit, while the shale oil producers struggle.

I don't think we'll know how coronachan will fuck up the economy yet, but I'm sure there will another paradigm than Globohomo ruling the West, when we are finished.

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Russia REALLY needs the money, they know what's coming

They hope others will cut for them

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Haha, like I live in any poor immigrant areas, mate.

>The US despite all its faults,
I'm pretty sure Corona-chan will fuck the USA worse that it will fuck Russia.

That's not mostly Russians, it's the ethnic minorities. Samis in Norway, Eskimos in Denmark and injuns in the USA and Canada suffer from the same.

Yeah, it doesn't help if the guy in charge thinks praying it away is going to help. Its more that the US economy can withstand crisis and bounce back easier than basically any other country.

Russia has just started to get confirmed cases.

>Haha, like I live in any poor immigrant areas, mate.
So it's all good then?

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the pic in reminded me where your flag came from

You guys really need to read how the oil price is connected to other US sectors and economic growth. Now think about a really slow economic growth during election year. Especially now when the worlds production is at its low due to corona virus. Putin has a big leverage in his hand and is able to manipulate the oil price at the right time. Of course it also hurts Russia, but I'm looking at the situation not from a financial viewpoint but from a strategic point of view.

>Russia has just started to get confirmed cases.
Russia is probably doing the same as the West, planing on infecting enough to get herd immunity, so it's about flattening the curve.

China can be reinfected at any time by somebody with a lab that can grow corona-virus.

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Hopefully Based Boris sorts it out and doesn't let anyone else in other than Anglo's and highly educated yuros.

I'll probably just be more poo in loo's though desu.

>Just lmao. The US despite all its faults, is the most diverse economy on the planet. Russia depends so much on oil and commodity exports its a joke.
Corona-chan says nya~~
Say goodbye to that bubble-economy that's been on artificial life-support since 2008, and is on the brink of a civil war due to its demographics and rampant wageslavery.

Actually oil price drops hurt the mudscum shitskins in the middle east more than Russia.

>reject new crude production cuts
>rejections require proposals
who proposed that russia cut its crude production?

>I'll probably just be more poo in loo's though desu.
White South Africans are ripe for the picking, once somebody dares.

I kind of like Boris too.

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>NOT THE GASSERINOS!

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>Say goodbye to that bubble-economy that's been on artificial life-support since 2008
That is a good thing actually.

some big brain mother fucker was saying shale oil industry is fucked anyway in the short/long term something about wells performance drops like 50% within 1 year and other problems

>"We expect zero growth next year, and if the coronavirus continues, we could have negative growth this year."
>"The technology has largely matured," he said. After a period of big well productivity gains, "we've largely optimized what we can do." Further, the best ground for drilling will be exhausted in about five years, LeBlanc says.
investors.com/news/us-shale-oil-boom-threats-fracking-revolution/

Oh yeah, just responding to OP, I really hope it fucking crashes and they all go back to riding camels again. Only reason why I'd get an electric car or try and use renewables.

Hard to break something that’s already broken. Ramshackle Russia will inevitably plod on as they have throughout history

Here in the states, we’re secretly thanking events for our baby-boomer reaping gift. Nobody here respects the elderly

Bro please talk to some Russians before you become Putins bitchboy. And in case youre the patriot russian diaspora then wake the fuck up
>low oil prices, wages stagnate, no money:((
>high oil prices, wages stagnate, because of high oil prices, everything else is more expensive

let's go!

Oil deflated in the front of 2008. In fact, all this commodity deflation will end up having been the true dead canary.

found the porn watcher

When oil prices were below 40 usd. At 2014 .Russian government spent for one moth their whole stashing and all pension money and whole economy almost collapsed. Putin hastily sent plains to Siria to bomb Igils infrastructure that were dumping oil prices.
Now Russian government doesn’t have reserved funds and economy in much worse condition and 3-4 moths would make an end for Russia because collapse of economy incites decintegration.

How the fuck can they go bankrupt with no debt?

Yeah, and that’s why russian currency is plummeting right now. Also you have to go back, slavnigger

>Slavniggers
>Flag

kek

>what is the petrodollar?

By not producing almost anything.

Based

Russia's goverment debt to GDP is around 15-16%. Low, but not nothing.

Russia restructured their economy years ago, to make them less dependent on crude prices. They will be allright.

Sounds like you're producing oil and not reducing it because of international price reductions. Perhaps Putin intends to keep some of it in a bunker somewhere?

Знaчит бepём Кoнcтaнтинoпoль??
Я зa.

Yeah it is but cus we sanction them. Withlut sancrions they wpuld have biggest growth of Europe (likd before the sanctions). Its basically only cus the burgers want them to be low but they probably will jusg sell their goods, services and ressources to China instead of us.

Lol

Russia's budget is based on $40 oil. Dumb Turks.

The British upper class is unironically worse than jews. At least jews mostly destroy goyim for their own benefit. You destroy your own on behalf of jews. I will never understand that mentality.

I mean, if you count oil and gas dropping from 70% to 62% of exports as a restructure lmao.

Yes, because I can control the decisions of Parliament, mate.

You exported this diveristy shite around the globe.

NOOOOOOOOOOOO NOT MY HECKIN OILERINO

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long run it doesn't fucking matter. oil and oil companies will bounce back.
we aren't discovering enough oil to replace what we're using.
when the market demands more oil, the oil companies will shrug and say they're broke.
That is when the oil price will explode to levels no one thought possible, in order to fund further exploration. I expect 200 dollar a barrel oil in 10 years.

Last yea it was Urals at 49. I guess its now 42 for crude. Its at the price today...

ft.com/content/1bf1f7fa-5a41-11ea-a528-dd0f971febbc

Maybe I misunderstood you. Your response the the countryball meme inclined me to believe you didn't care about the extinction of the English people. My mistake.

Amen

You don't get it. Putin can simply reverse his decision anytime he wants as soon as the internal numbers cause Russia trouble they can't handle. In the meantime you will probably see a lot of people losing their jobs in USA. It is the United States who are the world’s biggest oil producer today.

Yeah, and now look at the gold price you idiot.

Feel free to out yourself to your neighbours and kickstart your own Hitlerian revolution then, I've never met anyone as retardedly Left as a Scandinavian.

>Saudi Arabia needs $83.60 per barrel to balance its state budget, according to the International Monetary Fund. Russia needs only $42.40 for its own kind of crude oil.

>Syria, together with Russian companies, began exploration for oil and gas fields in the Mediterranean.

>The Syrian authorities several years ago began preparations for this process.

>On December 25, 2013, the Syrian Ministry of Oil and Mineral Resources signed a contract with the Russian company Baseduzneftegaz to conduct research and exploration of oil and gas at offshore block No. 2 in the territorial waters of Syria. It was reported that the investment of Baseduzneftegaz in geological exploration and test drilling on offshore block No. 2 off the coast of Syria with a total area of 2190 square kilometers will amount to about $ 90 million.

>Block No. 2 on the Syrian shelf is located between the cities of Tartus and Baniyas, its length is about 30 kilometers along the coast and 70 kilometers inland from the coastline, the total area is about 2190 square kilometers.

btw this is a very, very large deposit.

Actually it was one of the reasons for the US/Israeli led war. Had Russia not taken control of this piece, a pipeline to Europe would go straight from from Syria.

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let me guess, our parliament will jack up fuel tax if prices fall

Finland's finance ministry has already calculated that to cut CO2 emissions in half, we'd have to raise the price of gasoline and diesel to 4.30€/liter by increasing taxes

is.fi/autot/art-2000006427556.html
>Valtiovarainministeriön kaava: Bensiinin ja dieselin hinta pitäisi nostaa lähes 4,30 euroon litralta, jotta päästöt puolittuisivat

Checked and ree'd.

>Yeah, and now look at the gold price you idiot.
And how is it related oil based Russian economy, rustard?