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[ParanoidTimes] How black swans are shaping planet panic ?
A $30 barrel of oil has to be seen as a precious
gift/stimulus package for a global economy in
turmoil – especially from the point of view of
oil importers and consumers. This is what Russia
made possible.
gift/stimulus package for a global economy in
turmoil – especially from the point of view of
oil importers and consumers. This is what Russia
made possible.
And the stimulus may last for a while. Russia's
National Wealth Fund has made it clear it has
enough reserves (over $150 billion) to cover a
budget deficit from six to ten years – even with
oil at $25 a barrel. Goldman Sachs has already
gamed a possible Brent crude at $20 a barrel.
National Wealth Fund has made it clear it has
enough reserves (over $150 billion) to cover a
budget deficit from six to ten years – even with
oil at $25 a barrel. Goldman Sachs has already
gamed a possible Brent crude at $20 a barrel.
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Posted by: || <smacko9@comcast.net>
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