Capo Dei Capi
BANNED
- Oct 23, 2014
- 752
- 7,253
It also means that manufacturing/exports are doing well.
And yes, the falling oil price is hurting the Russian economy, but it is also hurting a lot of economies - including Saudi Arabia and the US.
Saudi, as well as most other oil exporting countries are not able to balance their budgets at the current prices, which means it is only going to be temporary.
Their is a price war going on, OPEC is trying to shut out the Shale producers in America that have higher costs per barrel.