Daily Archives: May 26, 2016
Crude reached $50 per barrel again. Forecasts now are that on average oil prices are not going to sink from this level for the next 18 months or so. Forecasts are often wrong, but this is encouraging.
There is only one Christian power remained on the planet, and high oil prices are very good for it. Russia can now prosper with a crude oil price of $30 a barrel; the Country has no foreign debt, and an estimated $500 Billion in bullion and strong currencies in the coffers of Russia's Central Bank. Crude at $50/barrel means a bonanza. More money for infrastructure, better paid and less corrupt civil servants, massive investments in strategic sectors of the economy. More money for churches. But most importantly, the consolidation in power of Vladimir Putin, and an assured role if not among the superpowers, certainly among the regional powers.
Be glad next time you pay more at the oil pump. You are contributing to the success of the Last Christian Power.