Disliked{quote} Read somewhere that the Arab countries can be 'alright' with the lower oil prices, even abit more.....but a couple of the OPEC countries like Iran are losing money on each barrel of oil priced below $70.......at $70 they break even and anything above is profit.....Ignored
I read some propaganda nonsense in western media about russian budget on $100 foot barrel. True, on 33 ruble for one $ but with 55 for $ , this price for oil is not problem, pure math. On other hand inflation will be higher, from 6-7% to 10-12%, but that is temporarily.