PeakOil is You
Russian secondary peak approaches?
Re: Putin: The Era of Cheap Gas is (nearly) over; n. gas car
by kublikhan » Tue 23 Dec 2008, 20:20:48
$this->bbcode_second_pass_quote('dorlomin', 'P')utins problem is he is running out of gas to keep selling and its getting more expensive to develop new sources. He is starting to find himself in a tough old bind. Running an oil and gas empire is easy when the prices keep going up.....
Exactly. High oil prices may have wiped out Russia's debt and allowed them to build up a nice cushion of reserves, but it also masked many of the structural problems in Russia. Putin could have continued Russia's reforms during his second term. But he choose instead to put off painful reforms and simply ride out the booming oil and gas profits. If oil prices fall much further and stay that way for a protracted period, Russia may be back begging the IMF for money:$this->bbcode_second_pass_quote('', '"')If oil prices in 2009 and 2010 average $30 a barrel, that would be a nightmare scenario for a global economy," Zeljko Bogetic, the World Bank's chief economist in Russia told investors on Friday. "The pressures on the current account and public finances in Russia would quickly rise to a point where the financing constraint would become so sharp that it's possible even to envisage Russia's return from a creditor to international organizations to a borrower."
The oil barrel is half-full.
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kublikhan - Master Prognosticator
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Re: Putin: The Era of Cheap Gas is (nearly) over; n. gas car
by cube » Wed 24 Dec 2008, 02:02:05
$this->bbcode_second_pass_quote('GASMON', 'T')hats fine.
The west is broke, China in meltdown & Putin wants to put the screws on hard.
No money mate, West can't afford your gas. East neither.
Form your cartell. You wont sell it - just look at the current oil price.
Tough sh1t Putin, youre too late to the party, as usual
Gasmon
You make a good point, but you're forgetting something.
The west is broke, China in meltdown & Putin wants to put the screws on hard.
No money mate, West can't afford your gas. East neither.
Form your cartell. You wont sell it - just look at the current oil price.
Tough sh1t Putin, youre too late to the party, as usual
Gasmon
Wealth is relative.
If you move down 2 steps but I move down only 1, then that means I'm gaining on you.
Being an energy exporting nation in an economically collapsed world might not be so bad ---> "relatively speaking"
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Re: Putin: The Era of Cheap Gas is (nearly) over; n. gas car
by MartinGr » Wed 24 Dec 2008, 05:33:50
Falling oil prices have hurt Russia to the point of them being willing to cooperate with OPEC.
Also considering that both Iran and Russian economies have been severely damages, I can see why they want to form something like so-called Gas Troika.
Also considering that both Iran and Russian economies have been severely damages, I can see why they want to form something like so-called Gas Troika.
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Re: Putin: The Era of Cheap Gas is (nearly) over; n. gas car
by Gazzatrone » Wed 24 Dec 2008, 06:37:09
Loser.
THE FUTURE IS HISTORY!
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Gazzatrone - Tar Sands
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Re: Putin: The Era of Cheap Gas is (nearly) over; n. gas car
by yesplease » Wed 24 Dec 2008, 10:04:56
$this->bbcode_second_pass_quote('cube', 'B')eing an energy exporting nation in an economically collapsed world might not be so bad ---> "relatively speaking"
Um... If the economy has collapsed how is anyone going to be exporting anything?$this->bbcode_second_pass_quote('Professor Membrane', ' ')Not now son, I'm making ... TOAST!
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