Oil prices davastating to rogue nations

[Tom Joad]

Originally Posted by BeamOn

Venezuela is subsidizing oil to South American countries to form an anti US block.

Probably in response to the fact that we have been fucking with Latin America for 200 years.

http://www.mindfully.org/Reform/2003...tions-1823.htm

If you want to talk "Rogue nations" you should probably start with the biggest Rogue of all, The United States of America.

[merrylander]

Originally Posted by nailer

They must have changed the title, or was the newsprint title different (if you read the hardcopy)?

Title at this moment: "Falling oil prices hit Venezuela, Iran and Russia hard."

They are not doing Canada nor my pension the world of good either.

[Boreas]

There are also indications that the falling price of oil is having a negative effect on ISIS. A lot of the money they need for their operations comes from selling Iraqi and Syrian oil on the black market.

John

[Rajoo]

Originally Posted by merrylander

They are not doing Canada nor my pension the world of good either.

Why would this affect your pension, you retired from Bell Canada right? Drastic fall in exchange rates? I am curious.

[merrylander]

Originally Posted by BeamOn

Why would this affect your pension, you retired from Bell Canada right? Drastic fall in exchange rates? I am curious.

Because Canada has such oil reserves the glut lowers the price and affects their economy. The economy suffering has the $CDN dropping. It was bad enough when the Bank of England hired away the Governor of the Bank of Canada but the new Gov of B of C deliberately pushed the dollar down to aid exports. It was above parity not too long ago.