Re: OT Diesel price


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Posted by Sherman in Idaho [72.47.153.29] on Tuesday, December 16, 2014 at 15:44:54 :

In Reply to: OT Diesel price posted by Keith in Washington [24.41.55.51] on Tuesday, December 16, 2014 at 14:10:04 :

Lots of countries are really getting burned by the fall in oil prices. Fortunately almost all of them are run by dictatorship and/or socialist governments. They managed to keep giving goodies to the poor and big bucks to corrupt officials as long as oil was $100/barrel, but now they're SOL. The Russian rouble is in a free-fall today and Russians are spending whatever cash they have as fast as they can before it becomes worthless.

Here's an interesting graphic showing what price each oil-exporting country needs to balance its budget. Note that now with oil below $60, every country on the chart is SOL. Can't say it makes me too sad, though.



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