Russia’s economy is doomed

[candide]

5 hours ago, Gweiloman said:

As easily as they (OPEC) can increase production they can also cut back on it. The post I replied to talked about a price of $66 in 2026. Do you honestly think the Middle Eastern oil producing countries will be happy with this price in 2026? I’m up to date but it seems like you need to learn some economics.

And what are your credentials for forecasting oil markets?

 

As mentioned by another poster, it seems that you also don't believe the drill baby drill fairy tale!

[thaibeachlovers]

19 hours ago, stevenl said:

I would presume the people making these forecasts have a lot more insight than an anonymous poster here.

That would apply to all the ones on here claiming the Russian economy is collapsing as well, including yourself.

In case you missed it, this forum is for poster's opinions. There are plenty of sites where you can read more factual information.

[stevenl]

2 hours ago, thaibeachlovers said:

That would apply to all the ones on here claiming the Russian economy is collapsing as well, including yourself.

In case you missed it, this forum is for poster's opinions. There are plenty of sites where you can read more factual information.

Difference is the poster i replied to is contradicting the experts, the people making these decisions, without any arguments.

[Gweiloman]

22 hours ago, stevenl said:

I would presume the people making these forecasts have a lot more insight than an anonymous poster here.

One would think so but over the past 3 years, practically every western experts’ prediction about the conflict, from military to economic has fallen flat on its face. Seems the most accurate predictions are those that are the complete opposite of the so called experts’.

[Gweiloman]

18 hours ago, candide said:

And what are your credentials for forecasting oil markets?

 

 

Common sense, something that seems to be lacking in the west.

[Gweiloman]

33 minutes ago, stevenl said:

Difference is the poster i replied to is contradicting the experts, the people making these decisions, without any arguments.

The experts making the decisions? Lol. The so called experts merely look at data and make guesses. The ones making the decisions on whether to increase or decrease oil production don’t give a rat’s ass as to what the “experts” say.

[stevenl]

3 minutes ago, Gweiloman said:

The experts making the decisions? Lol. The so called experts merely look at data and make guesses. The ones making the decisions on whether to increase or decrease oil production don’t give a rat’s ass as to what the “experts” say.

I call the people making the decision experts. Like the ones deciding on opening a new field depending on their price forecast.

[thaibeachlovers]

1 hour ago, stevenl said:

Difference is the poster i replied to is contradicting the experts, the people making these decisions, without any arguments.

As long as it's clear that it's an opinion I see no need to bring facts into it. Having been around "experts" all my working life, I doubt they know much anyway, given how many basic mistakes they make. No one has a working crystal ball ( though some like the D man thought they did ), so it's all looking at what is happening now and making a guess as to what will happen in the future.

[transam]

3 hours ago, Gweiloman said:

Common sense, something that seems to be lacking in the west.

Oh, you come from the West then..............🤭

[RuamRudy]

3 hours ago, Gweiloman said:

over the past 3 years, practically every western experts’ prediction about the conflict, from military to economic has fallen flat on its face.

 

Especially the Russian prediction that they were pushing at an open door, and that Kyiv would fall within three days!

[candide]

4 hours ago, Gweiloman said:

The experts making the decisions? Lol. The so called experts merely look at data and make guesses. The ones making the decisions on whether to increase or decrease oil production don’t give a rat’s ass as to what the “experts” say.

 

3 hours ago, thaibeachlovers said:

As long as it's clear that it's an opinion I see no need to bring facts into it. Having been around "experts" all my working life, I doubt they know much anyway, given how many basic mistakes they make. No one has a working crystal ball ( though some like the D man thought they did ), so it's all looking at what is happening now and making a guess as to what will happen in the future.

More baseless assertions. As if you had any idea about the organisation making the forecast....😆

 

The IEA works directly with producers, including OPEC.

 

 "Each year, the IEA, the International Energy Forum (IEF) and OPEC organize a Symposium on Energy Outlooks as part of a joint work programme. The symposium gathers senior analysts and delegates from oil companies and banks to discuss the IEA World Energy Outlook and OPEC’s World Oil Outlook. This dialogue is leading to greater convergence in the baseline data that underpins IEA and OPEC analyses."

 

https://www.iea.org/about/international-collaborations/opec

 

Of course, no forecast is expected to be 100% accurate. So this forecast is just the most likely scenario.

[Grumpy one]

On 11/30/2024 at 12:28 PM, AndreasHG said:

 

Thank you for the comment posted from Saint Petersburg.

Here some data on the Russian "Rubble" from an objective source: -16.64% in 12 months on the US$. No more sales of 'Rubbles' by the Russian Central Bank till the end of the year and key interest rate at 21% to support an otherwise plunging currency.

Wait a week for trump to stuff up the economy, the charts may change

[Will B Good]

On 11/30/2024 at 12:21 PM, Albo said:

Ukraine is doomed. Should have never listened to Biden.

 

Absolutely unwinnable and always was

 

Relax...we're all doomed.