Why is the price of oil falling…and falling? Shale? Fracking? Hmmm.
It is said that the Soviet Union’s collapse was largely due to Ronald Reagan’s secret agreement with the Saudi’s to drastically suppress the price of oil, sending the oil revenue-dependent Soviet economy into near collapse.
Is Obama borrowing from Reagan’s playbook; punishing Putin and his Kremlin cronies for their belligerent activity in Ukraine? The ruble is collapsing and panic is spreading through the Russian economy. Read this article below:
Copied from: Yahoo
“It’s definitely not necessary to go into hysterics,” Medvedev said in an annual televised interview.
(Continue reading here)