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deMolay
Intermediate Crude
Joined: Sep 04, 2005
Posts: 907
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 Posted: Tue Sep 30, 2008 8:17 am Post subject: Russian Markets on life support trading suspended again |
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Russian Markets on life support trading suspended again: link
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"Since you have chosen to elect a man with a timber toe to succeed me, you may all go to hell and I will go to Texas." Davy Crockett |
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Specop_007
Expert
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Joined: Aug 12, 2004
Posts: 6288
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| Posted: Tue Sep 30, 2008 8:22 am Post subject: Re: Russian Markets on life support trading suspended again |
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Damn what is this the third time its been shut down?
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deMolay
Intermediate Crude
Joined: Sep 04, 2005
Posts: 907
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| Posted: Tue Sep 30, 2008 8:32 am Post subject: Re: Russian Markets on life support trading suspended again |
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Helps keep it in perspective. The #2 Superpower is struggling even tho they have oil and gas for sale.
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"Since you have chosen to elect a man with a timber toe to succeed me, you may all go to hell and I will go to Texas." Davy Crockett |
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frankthetank
Fusion
Joined: Sep 16, 2004
Posts: 4936
Location: Southwest WI
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| Posted: Tue Sep 30, 2008 9:20 am Post subject: Re: Russian Markets on life support trading suspended again |
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Good quote...
| Quote: | | "Globally, investors are running from risk. With the price of crude crashing back to the $95 per barrel level plus worries about the outlook for stability within the country's financial system, Russia is firmly in that category," Uralsib strategist Chris Weafer said. |
I wouldn't call $95 oil "crashing"....
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MOCKBA
Heavy Crude
Joined: Sep 05, 2005
Posts: 469
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| Posted: Tue Sep 30, 2008 1:11 pm Post subject: Re: Russian Markets on life support trading suspended again |
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| frankthetank wrote: | Good quote... | Quote: | | "Globally, investors are running from risk. With the price of crude crashing back to the $95 per barrel level plus worries about the outlook for stability within the country's financial system, Russia is firmly in that category," Uralsib strategist Chris Weafer said. |
I wouldn't call $95 oil "crashing".... |
WTI bellow $95 would create a deficit for Russian government in 2009... The budget was done assuming $75-$90 for second rate Urals that always trade at discount... And yeah nobody put in 2009 budget the money needed to bail out Russian banks, Gazproms etc... |
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