Belmont Club

By Richard Fernandez

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The ghost in the machine 2

August 14, 2008 - 2:17 pm - by Richard Fernandez
neolex
2008-08-15 12:12:59

@Mark Maps

I doubt price of oil is such major a factor for Putin to go such an extreme. Russia has always anticipated the possibility of lower oil prices. That’s the whole rationale behind creation of Stabilization Fund of $157b (in addition to desire to get kickbacks from its’ investment).