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Sunday, November 09, 2014

Cold

  Putting on my couch potato Sunday quarterback conspiracy theory nut hat for a moment, it seems to me that the recent spike in oil production from the Saudis which is driving down the price of oil globally, is actually being done at the request of the USA as a punitive measure taken against Putin. One of Russia's major sources of revenue is oil. When you add decreased oil revenue to the ongoing global devaluation of the ruble on account of Russia's Ukraine excursion, you've got Russia going into deep recession. Seems plausible right, except I do have on my couch potato Sunday quarterback conspiracy theory nut hat.

Guardian UK: Mikhail Gorbachev: world on brink of new cold war over Ukraine

New Republic: Russia's Currency Is Plummeting and Putin's Billionaires Are Cannibalizing Each Other

2 comments:

Glynn Kalara said...

Just what we need another Cold War with Russia. NOT!

Jim Sande said...

The components seem right it to occur.