Economy 52,835 Posted October 28, 2014 Share Posted October 28, 2014 http://fortune.com/2014/10/27/oil-prices-tumble-again-after-goldman-slashes-outlook/ Goldman (well respected for their predictions) expects the current price of oil which has been around $80/barrel to fall further reaching $75/bareel by early next year before rebounding back to $80 by the end of next year Opec, and many Countries that heavily rely on oil are under extreme pressure as they assumed oil prices would houver around $100/bareel over the next few years, instead oil has tumbled 20%Russia and Venezuela in particular are under extreme pressure. Venezuela would run a deficit of 14% of GDP even with oil prices at $110/ barrel and Russia has began dipping into rainy day fund and says they may have to cancel plans to expand military Link to post Share on other sites More sharing options...
RainingOnMe 7,280 Posted October 28, 2014 Share Posted October 28, 2014 stocking up on gas while I can Link to post Share on other sites More sharing options...
HANZ 4,380 Posted October 28, 2014 Share Posted October 28, 2014 Russia and Venezuela in particular are under extreme pressure. Russia has began dipping into rainy day fund and says they may have to cancel plans to expand military I like this My Favs = Lady Gaga, Janet Jackson, Ricky Martin, AKB48 Link to post Share on other sites More sharing options...
Echo 327 Posted October 28, 2014 Share Posted October 28, 2014 Yaaay more cheaper gas. Link to post Share on other sites More sharing options...
Economy 52,835 Posted October 28, 2014 Author Share Posted October 28, 2014 I like this too bad millions of people who are innocent to their Governments faults have to suffer also Even here in Canada we suffering. Our stockmarket has tumbled, revenue dropping (our surplus might be delayed cuz of it) and businesses have become more cautious At least our consumer and manufacturing which are also big sectors will benefit from this so some of the negatives will be offset. Russia and Venezuela dont have those sectors to fall on Link to post Share on other sites More sharing options...
HANZ 4,380 Posted October 28, 2014 Share Posted October 28, 2014 too bad millions of people who are innocent to their Governments faults have to suffer also Even here in Canada we suffering. Our stockmarket has tumbled, revenue dropping (our surplus might be delayed cuz of it) and businesses have become more cautious At least our consumer and manufacturing which are also big sectors will benefit from this so some of the negatives will be offset. Russia and Venezuela dont have those sectors to fall on well cheap gas is a good thing for me My Favs = Lady Gaga, Janet Jackson, Ricky Martin, AKB48 Link to post Share on other sites More sharing options...
Economy 52,835 Posted October 28, 2014 Author Share Posted October 28, 2014 well cheap gas is a good thing for me lol im sure. For me as well. Not just at the pumps but also the damage to Canadas economy isnt in my region anyway (We dont have oil in Ontario) I was refering to the Russia and Venezuela thing. Wishing bad on their Government and Country also means wishing bad on the millions of people who live there who arent necessairily at fault for their Governments actions Link to post Share on other sites More sharing options...
HANZ 4,380 Posted October 28, 2014 Share Posted October 28, 2014 lol im sure. For me as well. Not just at the pumps but also the damage to Canadas economy isnt in my region anyway (We dont have oil in Ontario) I was refering to the Russia and Venezuela thing. Wishing bad on their Government and Country also means wishing bad on the millions of people who live there who arent necessairily at fault for their Governments actions that's true but I would honestly feel bad for russian if they were not so homophobic and ignorant My Favs = Lady Gaga, Janet Jackson, Ricky Martin, AKB48 Link to post Share on other sites More sharing options...
Economy 52,835 Posted October 28, 2014 Author Share Posted October 28, 2014 that's true but I would honestly feel bad for russian if they were not so homophobic and ignorant thats a generalization tho Lets say 90% of theiur population is in fact homophobic... Still... a good 15 million people arent Also, its hard not to be when u grow up in a culture like that... I mean 50 years ago almost everyone was homophobic, often even gays themselves. Were they bad people just because of that? Im sure in 50 years there will be moral standards that from that generations perspective we failed to live up to. Are we bad people for it? Link to post Share on other sites More sharing options...
HANZ 4,380 Posted October 28, 2014 Share Posted October 28, 2014 thats a generalization tho Lets say 90% of theiur population is in fact homophobic... Still... a good 15 million people arent Also, its hard not to be when u grow up in a culture like that... I mean 50 years ago almost everyone was homophobic, often even gays themselves. Were they bad people just because of that? Im sure in 50 years there will be moral standards that from that generations perspective we failed to live up to. Are we bad people for it? Yes people will change with time do you think we will see a BIG change in the world in 10 years when it comes to human rights? My Favs = Lady Gaga, Janet Jackson, Ricky Martin, AKB48 Link to post Share on other sites More sharing options...
Economy 52,835 Posted October 28, 2014 Author Share Posted October 28, 2014 Yes people will change with time do you think we will see a BIG change in the world in 10 years when it comes to human rights? ummm i dont know... WW in general maybe not. Countries progress at different rates I know in Portugal where i was from before moving to Canada the change in culture and values changed very quickly The older generation (60 and above) is conservative and religious catholics... the new generation is very modern and accepting. This change happened very quickly 20 years ago theres no way anyone would of guessed Portugal would of been the 11th or 12th Country in the world to legalize same s-x marriage... But it did Link to post Share on other sites More sharing options...
bionic 50,111 Posted October 28, 2014 Share Posted October 28, 2014 I know a few people whose hair you could siphon the grease from if things really get bad. Link to post Share on other sites More sharing options...
Economy 52,835 Posted October 28, 2014 Author Share Posted October 28, 2014 I know a few people whose hair you could siphon the grease from if things really get bad. what? Link to post Share on other sites More sharing options...
bionic 50,111 Posted October 28, 2014 Share Posted October 28, 2014 what? It was a joke about oily hair. never mind Link to post Share on other sites More sharing options...
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