Russian Getting Ready For War???

[Lightspeed]

[NorthernRaider]

That is a frightening concept, but quite a likely option maybe

[Barneyboy]

I don't get this ,why not food and fuel ,and bloody candles for Christ sake

[Devonian]

[NorthernRaider]

Feasable I guess on TV some Republican politicians were saying they could stick it to Russia now using banks instead of bullets because the US was getting masses of frack gas and shale oil of its own.

[Steve]

My guess is that the Russians produce a lot of their own food, so they're panic-buying imported stuff while they can still afford it.

What puzzles me is why Saudi are crashing the Russian economy. They must have known it would happen, what do they have to gain from it ? Or, perhaps, they don't want it to happen but have no choice in order to keep their own country from revolt.

It's possible, also, that Saudi want to sell as much oil as possible while oil is still legal to sell - if climate change goes crazy there could be an immediate restriction on sales, this will cause massive problems for the worlds economies as much of the debt is "guaranteed" against oil that is still in the ground, known as a "Stranded Asset". The Saudis oil fields are able to pump very fast, in the past they have deliberately pumped slowly to keep the price up and preserve their supplies, but perhaps they have decided to sell it all while they can.

[Devonian]

What puzzles me is why Saudi are crashing the Russian economy. They must have known it would happen, what do they have to gain from it ?

Maybe they are being encouraged to do so by a third party

[Steve]

What puzzles me is why Saudi are crashing the Russian economy. They must have known it would happen, what do they have to gain from it ?

Maybe they are being encouraged to do so by a third party

That had crossed my mind, especially when I remembered that Russia has recently signed an agreement with China to trade oil in currency other than the Dollar.

Saudi won't want a Dollar crash, as they have so many of them, but I'd have expected them to keep things stable as they quietly offloaded their Dollars for Gold ( or indeed for anything with a future ).

[NorthernRaider]

I thought it was OPEC who set the oil price and Saudi is one one player, the biggest yes but I thought they did not control the price. I say that because I remember Venezuala refusing to sell at the fixed rate for some reason a while back.

[Devonian]