Quote from: Arkann on March 27, 2020, 01:34:23 PM

Quote from: stompix on March 25, 2020, 08:36:54 PM

Quote from: Arkann on March 25, 2020, 07:00:24 PM

Is Russia and Saudis affected by this? Sure they are, however they are not idiots neither, while we were buying oil from them and they were getting richer, they invested all of their money into global companies in every nation, if one day all oil ends in Saudi Arabia and they do not make any profits from it, they will still have billions of dollars invested spread around the world.

Invest their money in...wait...what money?
Russia gets money from oil and gas, without that, its economy is almost dead.
Look at the previous oil crisis
- oil goes to 30 from 70, the URSS collapses
- oil drops to 20, the first Russian default happens

They don't have anything but a reserve fund that would not be able to cover the impact from this, remember we're talking about a country which calls itself a global superpower, with huge natural resources and a GDP per capita that matches Romania or Malaysia...

Yes, they are idiots, they sell oil and import refined petroleum products, they even import mining machines and even the equipment for oil exploration.
Behind their entire propaganda, it's one of the most fragile economy in the world.

Hello my friend. I apologize for the interference, but you were a little mistaken and expressed your opinion not on my comment, but on the comment of the person whom I addressed. In essence, I have almost the same opinion as you regarding sources of replenishment of the state budget of the Russian Federation. I see that the situation is getting worse all over the world, and for some countries this drop in oil prices will be catastrophic. moreover, the consequences of the coronavirus pandemic on the economies of many countries will be even more severe.

The current pandemic seems to have caused the entire country to suffer economic setbacks. with the nature of the virus that is easily spread and has caused many victims, plus no one knows when this outbreak will end. that is what causes negative thoughts in everyone and chooses to save themselves