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originally posted by: aightism2
driving the price of oil down to cripple Russia´s exports is an act of war
originally posted by: IShotMyLastMuse
it will bounce back up like any strong economy would, and nothing more.
originally posted by: boymonkey74
Interest rates just up to 17% a rise of around 7%.
originally posted by: ScientificRailgun
This is certainly a surprising and sharp drop. I wonder how the Russian leadership will react. I can tell you now, it probably won't be good.
originally posted by: paraphi
Well, this is what happens when you have an economy based on a commodity (oil and gas) which goes up and down in price. In Russia's case this is also compounded by sanctions for their interference in Ukraine, including the annexation of a part of the said.
originally posted by: peck420
a reply to: Xtrozero
If you think that it is not doom and gloom time for non-traditional oil extraction, than you are not exactly knowledgeable on the oil industry.
'Fracking' permits have dropped by over 40%...in November alone.