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Reader, fwd: "Putin: Global Economy Will Collapse if Oil Prices Remain at $80 per Barrel"
Posted By: hobie
Date: Friday, 17-Oct-2014 19:16:11
www.rumormill.news/1978
(Thanks, T. :)
Reader Tonzal forwards to us:
=====
http://en.ria.ru/world/20141017/194226195/Putin-Global-Economy-Will-Collapse-if-Oil-Prices-Remain-at-80.html
Putin: Global Economy Will Collapse if Oil Prices Remain at $80 per Barrel
Russian President Vladimir Putin said Friday that shale oil production in the United States was profitable at a price of $80 per barrel.
© RIA Novosti. Alexei Nikolsky
21:38 17/10/2014
MILAN, October 17 (RIA Novosti) – Russian President Vladimir Putin said Friday that world economy will collapse if oil prices remain at $80 per barrel.
Shale oil production in the United States is profitable at a price of $80 per barrel, according to the Russian leader.
“If oil prices remain at $80 per barrel, it will lead to production collapse. Budgets of all major oil-producing countries are based on the price of little more than $80, close to $90 per barrel…” Putin told journalists after meeting with Ukrainian President Petro Poroshenko in Milan.
[snip]
=====
Additional paragraph, active links, and links to related articles:
http://en.ria.ru/world/20141017/194226195/Putin-Global-Economy-Will-Collapse-if-Oil-Prices-Remain-at-80.html
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RMN is an RA production.
Articles In This Thread
- Reader, fwd: "Putin: Global Economy Will Collapse if Oil Prices Remain at $80 per Barrel"
hobie -- Friday, 17-Oct-2014 19:16:11
- Reader: "These 6 Countries Will Be Screwed If Oil Prices Keep Falling"
hobie -- Friday, 17-Oct-2014 23:31:18
- Reader: "I suggest that lower prices will pump the economy as ..."
hobie -- Saturday, 18-Oct-2014 16:59:59
- Reader: "It's time to worry about people and not some abstract notion like an economy."
hobie -- Friday, 17-Oct-2014 23:32:15
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