Litwin
Platinum Member
Venezuela is down for sure, which one comes the next ? Muscovy, Algeria or Nigeria? my guess , it´ll be Muscovy, too big for an empire in 2017 , too cold and poor. what do you think?
"Global oil prices have fallen sharply over the past seven months, leading to significant revenue shortfalls in many energy exporting nations, while consumers in many importing countries are likely to have to pay less to heat their homes or drive their cars.
From 2010 until mid-2014, world oil prices had been fairly stable, at around $110 a barrel. But since June prices have more than halved. Brent crude oil has now dipped below $50 a barrel for the first time since May 2009 and US crude is down to below $48 a barrel.
The reasons for this change are twofold - weak demand in many countries due to insipid economic growth, coupled with surging US production.
Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices.
So who are some of the winners and losers?"
"Russia" is one of the world's largest oil producers, and its dramatic interest rate hike to 17% in support of its troubled rouble underscores how heavily its economy depends on energy revenues, with oil and gas accounting for 70% of export incomes.---
Falling oil prices: Who are the winners and losers? - BBC News
"Global oil prices have fallen sharply over the past seven months, leading to significant revenue shortfalls in many energy exporting nations, while consumers in many importing countries are likely to have to pay less to heat their homes or drive their cars.
From 2010 until mid-2014, world oil prices had been fairly stable, at around $110 a barrel. But since June prices have more than halved. Brent crude oil has now dipped below $50 a barrel for the first time since May 2009 and US crude is down to below $48 a barrel.
The reasons for this change are twofold - weak demand in many countries due to insipid economic growth, coupled with surging US production.
Added to this is the fact that the oil cartel Opec is determined not to cut production as a way to prop up prices.
So who are some of the winners and losers?"
"Russia" is one of the world's largest oil producers, and its dramatic interest rate hike to 17% in support of its troubled rouble underscores how heavily its economy depends on energy revenues, with oil and gas accounting for 70% of export incomes.---
Falling oil prices: Who are the winners and losers? - BBC News
Last edited:
