RUSSIA GOING BANKRUPT AGAIN

the absolute state of venezuela

fucking invade us already
after getting rid of your kikes of course

Gas prices jump the second a royal sandnigger stubs his toe.
How long will it take these kikes to lower the prices now?

Good time to short the Ruble, desu.

>implying they won't just cut their dividends and slow their exploration like they did last time this happened

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Same, brother. Was a good book while it lasted.

Electric cars are superior machines. Cheaper to build, fewer sacrificial parts, longer service life, better performance. The “environmental” benefits are just a meme to drum up hype with the woke crowd.

Crap!
We were going to ask you the same thing!

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What's going on guys ?

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Timothy Ash, senior emerging markets strategist at Bluebay Asset Management, said in a research note that Russian President Vladimir Putin “likely wants to take this to the brink, to maximise his own geopolitical leverage to get OPEC Middle Eastern countries coming to him begging to agree to cuts.”

“I guess then he will ask for concessions elsewhere, e.g. Gulf financing for Syria reconstruction,” Ash said.

>American intellectuals
This is quite literally Russia doing it on purpose to destroy your shale industry. Go read up on the news before making idiotic posts

Putin's going to arm the Houthis and get them to invade Saudi Arabia

what happened

>russia
>that russia who has been under sanctions for 6 years already
>you mean that russia with no debt and fucking huge currency reserves, doomsday vault full of food and exports being traded in anythinG but USD
>it’s the US who is celebrating too soon not paying attention to the covid fire in the backyard
2020 sure is a comfy year

Holy shit turn on CNN the petrodollar just flew over my house.

3-6 weeks

Bs batteries are horrible for environment

Awesome fuck the energy industry.

t. salty unemployed geologist

This is not good for the US. It’s fucking terrible, we are a net producer. I work in the oil industry and my company just laid off a quarter of the work force.

The only thing going bankrupt is your shale oil companies. Bye bye :)

russia had years since the last oil crash to diversify its economy and did nothing. earlier this year, putin made some baby steps towards changing some officials. he replaced some flagrantly corrupt clowns with more moderately corrupt technocrats. its not much of a change and it's too little, too late.

we could see explosive protests in russia when the weather gets warm. russian people are tired of living in africa like poverty while corrupt officials embezzle all the money and make it impossible for businesses to create jobs and grow the economy. the problem with russia is the government extorts and harasses business to the point where no one wants to do any economic activity in russia. when a russian gets money, they immediately take it out of russia so it won't get stolen by the government. that makes it impossible for russia to have normal economic growth.

You're retarded. Russia is getting exactly what it wants here.

This nigga is right. It's not going to do jack shit to actually hurt our industry. They'll just put new exploration on hold and maybe do less development, but as soon as the price is right it'll spin back up. Shale oil isn't like the big offshore projects that take tons of time and huge investment, it's literally poke as many holes as quickly as you can all over the place with the shoddiest cheapest fly by night rigs you can obtain.

But still fuck the energy industry.

it wont work. us capital will just move to another industry and then back to shale when the prices go back up. russia has no other options but sell oil. at prices this low, russia will go broke.

I'M NOT UNDERSTANDING, WHO IS GETTING REKT'D THE RUSKIES OR THE GRINGOS OR EVERYONE AND THEIR MOTHERS.

Venezuela economy in few hours is dead (again)

How are they getting what they want?
Their entire economy is based on oil sales. They have NOTHING else.

Are you guys all stupid or something?

Well Venezuela is certainly going to be even more fucked than they already are lol. And it'll hurt the middle east of course, and Russia as well even though they're the ones doing it.

They are more leveraged and have higher stakes now than last time due to attempting to pay back loans via global exports (that are gonna get crushed by saudi oil prices)

it doesn't work like that. the shale oil will be there. if its efficient we will take it, we will. if not, we have other industries in america to put money and labor into. oil exports are the only thing keeping russia above the level of africa.

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>lol guys don't worry it's not nuclear bad
>it's just bioweapon bad

What am I getting out of this, exactly?

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and they will be back the second prices go up. russia cant hurt the zog economy. russia people fundamentally dont understand economics. they think like its still the middle ages.

>The only thing going bankrupt is your kike oil companies.
Good

real gamer time

While all the stocklets complain about or cheer for another 1k down day in the DOW this is the real story... this is a real crash.

Russia going bankrupt you what nigga? Russia has one of the largest foreign reserves of cash and gold.

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the government and the people are not the same thing. most russians are very poor already.

Ok glow nigger

Awww, you've got a cute lil' Texan flag that says "Chili"? I love chili! I just came back from Chili's and had a burger!
Feels good being Texan my fellow Texan!

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Not fucking happening. Wow a recession that shit happened in 2008 and look we’re still here. Wow some people got sick the market is crashing. Wake me up when something actually happens please.

yes almost no one on pol knows anything about economics, business or intl trade.

US Oil/NatGas is much better positioned now than it was after the crash from $100.... some defaults coming no doubt, but the industry will be fine.

That actually increases your exports, good if you want to short something.

Recyclable

>>Russia
What about Venezuela

>What are lithium mines?

I am starting to love this tiny piece of shit named Corona

do you know about americas lord and savior shale oil?
it looks as though you don't.

This is not true.

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They will be back to find out they don't have a place in the market anymore

>implying you understand economics

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Poor reading comprehension and triggered.

Stupid? no/maybe
Shilling? Yes

Ok here's your retard-friendly explanation: Russia is shooting themselves in the foot so the ricochet can hit America in the chest come election month and make them scared enough so as to force concessions from them, but the Saudis heard the shot and got angry at it so they doubled down on it and started selling oil to China for cheaper so as to undercut Russia's exports and force them to stop shooting like this, which led to the effect of the price crash being much worse. Now not a single of the 3 sides is happy with the outcome and there are two options: some kind of a middle ground is achieved, or someone throws a tantrum and the world descends into 1938-tier stability with a 1930-tier economy.

>it doesn't work like that. the shale oil will be there
I know that you want to spin this as the USA being immortal and untouched by this, but the truth is much different. Fracking was unprofitable at the past price points, it's an outright financial black hole at the current one. It's not about oil exports, it's about your industry running at the cheap electricity prices that it runs on right now, and it being unable to handle any bumps without making 2008 seem like a joke.

Saudi Arabia could play this game too.
It's dead easy to encourage some ISIS or some Wahhabis to revolt in Chechnya and Dagestan.
Russia has like 20% of Muslim population and they are Sunni like Saudi Arabia while Russian government is supporting their sworn enemies like Shia Muslims in Iran and Syria.

They have gas

thisg uy says fuck texas

>implying Louisiana doesn't produce more oil than anywhere else

KEK, no u.
zerohedge.com/energy/putin-dumps-mbs-breaks-opec-oil-alliance-initiates-war-us-shale

>or someone throws a tantrum and the world descends into 1938-tier stability with a 1930-tier economy.
one can only hope, thx for explanation my bulgarian fren.

:)

They also have fuck tons of sanctions that prevents the US companies from selling them the shit they need to get it in a cost effective way.

The sanctions are going to fuck over Russia now more than anything else. And it's their own stupid fault for being pieces of shit and starting a war with Ukraine and taking Crimea in order to stop Halliburton from partnering with Naftogaz and fracking eastern Ukraine.

So much spin on this shit but Russia is going to pay a heavy prices for its stupidity.

Finally a none shill answer that doesn't just shout USA USA USA or CHINA CHINA CHINA or another country equivalent.

read it again

Post noses and last names.

>Saudi Arabia could play this game too.
>It's dead easy to encourage some ISIS or some Wahhabis to revolt in Chechnya and Dagestan.
Russia know how to handle them now, besides, Putin will probably just invite the Chinese in to genocide them via training in socialism with Chinese characteristics

But all cars require mining so that argument is fucking retarded. Also, a few large mines can create lithium for all batteries in the world... versus tens of thousands of oil wells that depress the water table.