For whom the barrel tolls
30/12/15 17:24![[identity profile]](https://www.dreamwidth.org/img/silk/identity/openid.png)
"Oil prices have dropped to $90 a barrel - Crimea is ours! Now it's down to 80 - we'll build a super-bridge to the peninsula! It's down to 70 now - fine, let's make it just an ordinary bridge. $60 - it'll rather be a ferry. 50 - cabin lift, then? What, $40 a barrel? We could always use the shallows... Oh my, $30... Fine, then, Crimea is yours. What the... $20!? Take it! Take it! We'll give you our Krasnodar region as well if you would just take Crimea!"
This anecdote is from earlier this year, and it illustrates how Putin's plans, and those of a number of world leaders, whose countries are highly dependent on the exports of energy resources, have suddenly found themselves in the middle of a flood of excessive oil that no one on the market really needs.
( Examples abound )
This anecdote is from earlier this year, and it illustrates how Putin's plans, and those of a number of world leaders, whose countries are highly dependent on the exports of energy resources, have suddenly found themselves in the middle of a flood of excessive oil that no one on the market really needs.
( Examples abound )