Saudi plans spending cuts, reforms to shrink budget deficit

Generali

globalds wrote: »

OK ..

Perhaps Russia has decided that it's choice will be the one that can survive a dunking

http://marketrealist.com/2015/12/russian-crude-oil-production-roof/

My take on things is that the Saudis and Russians realise that oil will have very little value in a couple of decades and so are getting as much out as possible.

globalds

Generali wrote: »

My take on things is that the Saudis and Russians realise that oil will have very little value in a couple of decades and so are getting as much out as possible.

So who has the edge on that ?

Is this the kind of technology that exists and just needs to fill the market or something that one nation can monopolise ?

Given my choice of which country would win in a breath holding competition ..(without any reason to suspect both sides had given up on oil) ..I would say without a doubt that Russia has spent the last 50 years learning how to survive with rationing and limited access to luxuries ..Saudi on the other hand ...

Generali

globalds wrote: »

So who has the edge on that ?

Is this the kind of technology that exists and just needs to fill the market or something that one nation can monopolise ?

Given my choice of which country would win in a breath holding competition ..(without any reason to suspect both sides had given up on oil) ..I would say without a doubt that Russia has spent the last 50 years learning how to survive with rationing and limited access to luxuries ..Saudi on the other hand ...

Russia also has a more diversified economy I would imagine.

purch

Generali wrote: »

What's the forumnomics conspiracy theory about this then?

You would have thought that people would be slightly less naive about things.

Of course the State department, Homeland security, the CIA and the White House etc will all have agendas, and will put pressure on the FOMC members, either covertly or overtly to achieve their desired outcomes. It will be the same in all nations, it's just that the US has a greater ability to influence events through economic policy than most.

The Saudi Royal family is also full of competing factions, as is Russia.

Nothing is black and white, everyone has an agenda.

padington

Generali wrote: »

My take on things is that the Saudis and Russians realise that oil will have very little value in a couple of decades and so are getting as much out as possible.

I wouldn't be surprised if some state actors have got wind of a new oil disrupting technology on the verge of showing its hand.

Hydrogen perhaps ?

chris_m

Generali wrote: »

What's the forumnomics conspiracy theory about this then? My take on things is that the crisis is over or at least it's the beginning of the end.

Or, at least, the end of the beginning

Generali

chris_m wrote: »

Or, at least, the end of the beginning

Nice one Winston :money::D

The economy seems to be purring along pretty nicely to me, especially in the US. Employment is rising steadily, GDP is increasing, forward looking measures like the PMI are showing likely future increases, wages are rising. It's hard to see why economies still need emergency measures in monetary policy. Even the Corbyn realises that the need for emergency fiscal policy is gone or at least he did for a while. Then he unrealised it of course but such is life in the Labour party in 2015.

Mistermeaner

purch wrote: »

You would have thought that people would be slightly less naive about things.

Of course the State department, Homeland security, the CIA and the White House etc will all have agendas, and will put pressure on the FOMC members, either covertly or overtly to achieve their desired outcomes. It will be the same in all nations, it's just that the US has a greater ability to influence events through economic policy than most.

The Saudi Royal family is also full of competing factions, as is Russia.

Nothing is black and white, everyone has an agenda.

So please explain the deeper nuances to me.

Generali

Mistermeaner wrote: »

So please explain the deeper nuances to me.

I'm not sure there are any.

Mistermeaner

Generali wrote: »

I'm not sure there are any.

Don't be so naive