Putin: World economy would collapse if oil prices stay at $80 per barrel


Published on Oct 17, 2014 by RT

President Putin held a presser on a close door meeting he had with Ukrainian President Petro Poroshenko.

11 thoughts on “Putin: World economy would collapse if oil prices stay at $80 per barrel

  1. The world economy would not collapse if oil would go to 80 dollars a barrel. Oil is only one sector in the equation. Even the sexy RT anchor girls would agree to that! More Russian BS propaganda. Get oil off the damned world market and let each country sell their oil as required.

    The US fuel prices are at the lowest point at the pump since 1984 for god sakes. Still to damned high. Doesn’t this clown have anything else better to talk about besides his obvious self inflicted oil screw ups.

    Lets talk about his personal billions he is worth and how he got them. This guy is 30 times more corrupt than John Gotti, and he stands at the podium acting like a little Caesar.

    1. Mark–> Putin is partially correct; if oil prices stay at $80 per barrel it may collapse Russia’s economy. More than half of Russia’s National Gross Domestic Product (GDP) is dependent on oil and gas exports.

      In 1973 I lived in Delaware, and OPEC placed an oil embargo against the USA. All over the Northeast we had to deal with gas rationing, and the Plastics Manufacturer I worked for had to cut us back to 30-hour work weeks because we could only receive 50% of the oil needed to run our facility. So, I relocated to Houston, Texas, which had no oil/gasoline shortages, and their job market skyrocketed with a very robust economy.

      In 1978, OPEC started pumping oil like drunken sailors, which created an oil glut (surplus of cheap oil). Since 80% of the commerce in Houston revolved around oil exploration and expansion of refinery plants, the glut of oil caused a localized depression in the Greater Houston region. I was part of the unfortunate 20,000 families who lost everything. I abandoned my house and furnishings, returned to the Northeast, and had to start from scratch.

      This is what Putin will have to deal with if the price for a barrel of oil stays at $80, and he will be more inclined to sell oil/gas to the Ukraine and Europe.

      Furthermore, if Russia needs the price of oil to rise, then they may chose the option of entering the Middle East War (with ally China) to defend their interests in Syria and Iran… which is exactly what NATO, the USA, and ESPECIALLY ISRAEL want.

      We must look first at what Countries are working together to drop the price of Oil: that would be the USA and Saudi Arabia. Now you know their incentives. According to my engineering sources, the USA had no intention of opening the North Dakota oil fields until the price for a barrel of oil hit $150. It appears they have changed their minds… and the Russia/China partnership along with the demise of oil trading exclusively in USA petrodollars, is what helped drop the price of oil. Only WW3 will push the price back up (IMHO).

      1. I couldn’t disagree more introspect. Again, let Russia crater under their own foundations. I don’t give a damn about anything that has to do about any other country other than the United Stated.

        What I mean by that is, who gives a God damn about Russia’s problems. Let them eat shit as far as I’m concerned. My country keep’s what we have. I’m not going give Russia any of our oil unless that asshole Putin comes a beggin’. This way I name my own price.

        Let America run on her own. The hell with OPEC or anybody else.

        The Dakotas are owned by the American Nationals, NOT some puke in the White House on the take.

        Globalism can kiss my ass.

        1. ” I don’t give a damn about anything that has to do about any other country other than the United Stated.”

          You are presuming that we are a Sovereign Nation, which we aren’t… or are you forgetting our current $17-trillion National Debt held by foreign Nationals, let alone the almost $100 trillion in derivative debts held by just four USA banks: JP Morgan Chase, Citigroup, Bank of America, and Goldman Sachs (backed by the USA taxpayers).

          So, whether you do or don’t care about another Country’s problems or agree with me, is irrelevant because we are ALL swimming in the same bowl of Globalist soup.

          “Globalism can kiss my ass.”

          You make it sound like we have a choice, considering that the Central Banks hold all the cards. The entire World is being forced through a funnel of no resort.

          Any opportunity we had to change things and remain a Sovereign Nation ended in 1913 with the Federal Reserve Act. I could go back even farther to 1776; however, you probably also hold the belief that we won our independence from England. 😉

          1. Still could care less. time to make changes. Quit kissing the ass of our enemies and concentrate on whats most important.

            Those words came from a long time believer in America, his name was Mark Schumacher.

            We are only going to disagree here so lets move on.

            I don’t want to get into a pissing contest here.

            By the way this is a Patriots site, not a kiss the enemies ass site introspect.

          2. I wasn’t trying to get into a pissing contest with you, Mark. I have great respect for you and the other posters. The reality of that nuisance thing, called the “truth” gets in the way of a Patriot’s perspective.

            There is a story called the “Dog and the Whale” that I would tell my kids whenever they would say, “It isn’t fair!”

            Story: The Whale, being the largest mammal on Earth; certain species have a small throat that can only swallow small fish and plankton. The Dog, being one of the smaller mammals; its throat is large and can expand to swallow large chunks of meat without choking. Why would God create a large animal with a small throat, and a small animal with a large throat?

            Answer: Because that’s the way it is, and there’s nothing you can do to change it!

            Peace brother.

  2. The world economy is going to collapse soon no matter what.

    Oil? Simply stop over production of oil.

    Strange how Gas @ under $1.70 a gal when Øsurper entered the WH didn’t collapse the world economy yet now that it has dropped to $3.30 (from pushing $4 not long ago) the world economy is in peril.

  3. A) We have no planet B to go to. In case nobody’s noticed, we’re surrounded by lightyears of inky nothing. We would do well to actually inhabit this world we are a very organic part of instead of infesting it.
    B) Let the price crash. New and more efficient technologies are born out of need. I give you, the horse and buggy.

    1. Excellent points, Scott C. If only they had let everything crash in 1979, we would have been done with a lot of this BS by now. It was easier to kick the can down the road for 35 more years.

  4. Any “leader” that claims to be concerned about “terrorism” indicates that he is on the same page as the corporate fascists seeking a NWO. Putin knows 9/11 was a false flag but since he also uses false flags…he doesn’t push the issue too much. The “war OF terror” is a complete FRAUD and anyone that uses it as justification should hang with the bankers.

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