Politics and science, humor and hypocrisy. METANOODLE
Saturday, 18 October 2014
Russia's budget gets fracked hard
Fracking and a drop in oil demand will teach Russia manners. Their economy has to have oil above $104/barrel. Expect a little more cooperation with Europe and the Ukraine soon. The little chart spells curtains for adventurism. As a bonus, The American Interest shows the breakeven oil price for some trouble-maker countries that were blessed with oil and used the money to enrich the big shots and make the populace dependent on government redistribution. The source article has detail. Energy abundance bugs tyrants.
Russian deficit tied to price of oil.
Note: The red graph exaggerates the vertical scale to create drama but the message is important.