Russia is operating in Syria with a view to push oil prices upwards, an expert said Wednesday.
“Oil prices are determined by financial markets rather than by supply and demand,” explained Volkan Ozdemir, head of the Institute for Energy Markets and Policies, EPPEN, in an interview with Anadolu Agency.
Russia is aware of this fact, and therefore could be trying to affect these markets in order to create upward pressure on oil prices, Ozdemir said.
Oil and natural gas sales account for nearly 70 percent of Russia’s total export revenues. With each dollar the price of oil drops, the country loses about $2 billion.
The Kremlin shifted 2016 State Duma elections from December to September, Ozdemir said, possibly because Vladimir Putin’s government might be trying to boost its popularity by improving the economy thanks to higher oil prices within the next 10 months.
The oil price has fallen by more than 40 percent since June 2014, and the Russian economy has shrunk by 3 percent in the first six months of 2015.
Meanwhile the price of crude oil has increased by $6 a barrel since Russia began its operations in Syria last week.
Ozdemir also said Russia seeks to gain ground in Syria, as the region borders on key oil and gas producing countries such as Iran, Iraq and Saudi Arabia.
“Russia could control the region in Syria bordering on the Eastern Mediterranean and gain some kind of control over the oil and gas produced in the region,” he added.
According to current estimates, more than 60 percent of the world's proven oil reserves are located in the Middle East.
Last week, Russian warplanes began striking targets inside Syria for the first time. According to the Russian Foreign Ministry, the strikes targeted Daesh munitions depots, vehicles and communications centers.
They can go after enemy's oil field, but what happen they decide to block oil tankers from leaving port with Russia navy ships?
For good reason, "Pump up oil price"
Save your money for better movie called, "Honey, I smash Iphone because I want to be with your"
And they don't have money for Iphone either, too many are foolish to play the stock market.
Yep, all the smart phone were made in Asia are much cheaper than Iphone and there is good chance to see Iphone discount in Asia.
Welcome to global depression!
There will be massive global layoff, if that happen so no one has the money to buy any Apple products.
Have you made a habit of checking your smartphone when you’re supposed to be interacting with your partner? You may be headed straight to Splitsville, population: You.
A new study has found that people who are on their smartphones during what should be quality time with a partner can result in ruined romantic relationships and can even lead to depression, according to a Business Standard report.
James Roberts, a professor at Baylor University in Texas who was one of the researchers that worked ont he study, even called the results “astounding,” he said according to the report.
People underestimate just how much damage is being done when they blow off a significant other in order to check another email, read a news article, or perhaps browse Reddit.
It’s one of the new dangers to relationships caused by smartphones as they have burst onto the scene in recent years. Ten years ago this probably wasn’t a problem, but now virtually everyone owns a smartphone that can deliver to them anything they want immediately: news, games, videos, and more. So they develop an addiction that can be to the detriment of their relationships.
In the wake of the global economic and financial crisis of 2008, policymakers in major economies made a bet on the same financial sector that unleashed the worldwide systemic disaster. Their decision was to engage in massive, unprecedented fiscal indebtedness and monetary loosening to prop up the investment and commercial banks, in the hope that this would stimulate reinvestment in the general economy ("main street") and revive sustainable economic growth. There is growing evidence that this gamble made by decision makers in the world's major economies is faltering. With staggering levels of sovereign debt, and central banks across the developed world having expanded their balance sheets almost to the point of infinity, the policymakers are left only with hopes and prayers that another massive crisis does not strike on their watch.
Seven years after the outbreak of the global economic and financial crisis, there are growing indications that the temporary solutions that were largely imposed through monetary policy by central banks are becoming increasingly ineffective. In all likelihood, a new global downturn in economic growth is in the cards.
The weakening economic data from China, slowdown in the U.S. economy's job growth, worsening data in emerging economies and the Eurozone, not to mention Russia, collapse of commodity prices and volatility in the equity markets are all indicators of distress. Furthermore, the continuation of near-zero interest rates by major central banks many years after the "Great Recession" supposedly ended means that there are no more arrows in their quiver when the next major global recession strikes.
One other factor to be assessed are the fantasy employment numbers in the United States. While the official unemployment rate has supposedly been cut in half since the darkest days in 2009, in reality labor force participation is at historic lows (http://www.ibtimes.com/us-labor-force-participation-drops-absence-paid-parental-leave-keeps-women-out-jobs-2124175), revealing that the American economy is functioning well below its potential. In addition wage stagnation, and the latest revelation from the Bureau of Labor Statistics that earlier job creation figures were highly exaggerated (http://www.npr.org/sections/thetwo-way/2015/10/02/445244030/economy-adds-142-000-jobs-unemployment-steady-at-5-1-percent), demonstrates that even the U.S. economy, supposedly the healthiest on the planet, is manifesting growing signs of structural weakness.
In the wake of the global economic and financial crisis of 2008, policymakers in major economies made a bet on the same financial sector that unleashed the worldwide systemic disaster. Their decision was to engage in massive, unprecedented fiscal indebtedness and monetary loosening to prop up the investment and commercial banks, in t
If you’re wondering why you’ve been having relationship problems, the answer may be in the palm of your hand. A new study from Baylor University has found that our smartphone obsessions are contributing to relationship woes — and leading to depression.
Researchers James A. Roberts and Meredith David conducted two separate studies that involved 453 U.S. adults to understand the extent that what they call “Pphubbing” — partner phone snubbing, or the extent to which people use, or are distracted by, their phone while with their significant other — causes relationship issues.
Welcome to the global depression! Bank chaos everywhere, but for those who save money in the pillow will be allow to get in the "Pillow Bank".
Because economy is sinking fast! American saving rate keeping falling and can you say, "Welcome global depression?"
Get ready for bigger "Discount Smartphone War" and because economy is sinking fast.
A drunk trader shouldn't be swimming in the first place. Oh well.