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The oil price is more about hurting Putin than anything else, Saudi is just playing the good poodle under instructions from the US.
It's funny how one's perspective impacts how you view current affairs: I tend to concentrate on Latin America, where the chat is that since the US is no longer beating up Cuba, they've turned their attention on Venezuela... Russia doesn't get that much of a look-in.
 
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Do you think so? This oversupply is hurting US companies just as much as OPEC nations. It's a race to the bottom which will be detrimental to the U.S. economy. All that just to get at Putin, at the expense of US infrastructure / domestic economy, I can't see it.

I think it's more straight forward than that. A general oversupply (US shale included) and weakening global demand. Yes I agree it's hurting Russia but that is just a by-product of Saudi protecting their market share at all costs.

Saudi can probably sustain <$40 per barrel for several years, the U.S. cannot. OPEC are definitely no puppet on a U.S. string.
The US doesn't export its own oil nearly as much as it imports so it gains from cheaper oil prices. Conventional wisdom and of course the media will tell us OPEC and Saudi in particular are to blame by not dropping production but that would be plain silly if there were no other motives. I mean why not just drop production when that would immediately lead to higher prices so you work less for more money ?

The US has the military means to take on lesser nations and it often does, Russia and indeed China need different strategies. It would take a truly catastrophic breakdown of world relations before the US will dare pit its forces against Putin, it's no longer shock and awe television but BE shocked and awed.

 
It's funny how one's perspective impacts how you view current affairs: I tend to concentrate on Latin America, where the chat is that since the US is no longer beating up Cuba, they've turned their attention on Venezuela... Russia doesn't get that much of a look-in.
That could well be a happy by product, in fact you could count Iran within that group.

 
It's funny how one's perspective impacts how you view current affairs: I tend to concentrate on Latin America, where the chat is that since the US is no longer beating up Cuba, they've turned their attention on Venezuela... Russia doesn't get that much of a look-in.
They have realigned themselves with Cuba, to stop a repeat of previous famous events around Cuba.

They are upset with Venezuela, because they are demonstrating distrust in the Dollarby repatriating their Gold reserves, which while they were nitvthe first to do this, has caused a number of other countries to follow suit.

 
They have realigned themselves with Cuba, to stop a repeat of previous famous events around Cuba.

They are upset with Venezuela, because they are demonstrating distrust in the Dollarby repatriating their Gold reserves, which while they were nitvthe first to do this, has caused a number of other countries to follow suit.
Sorry, Venezuela showing mistrust on the USD? They're 100% dependent on the dollar, and blaming the US for their ills is a convenient crutch. In truth they've completely misused their foreign reserves, and overspent on populist "social causes"; not to mention the impact of rampant corruption.

Since Chavez got to power their budget was based on a high (and ever higher) price for their crude, and a stranglehold on outgoing forex and the availability of dollars to the general public, has led to inflation at roughly 60% p.a. and a secondary exchange rate for dollars that has seen the value of the Bolivar halve every 12 months or so. With crude prices dropping, or at least staying below the $95/b that their calcs were based on, the situation gets worse and the pressure on the government increases.

 
Sorry, Venezuela showing mistrust on the USD? They're 100% dependent on the dollar, and blaming the US for their ills is a convenient crutch. In truth they've completely misused their foreign reserves, and overspent on populist "social causes"; not to mention the impact of rampant corruption.

Since Chavez got to power their budget was based on a high (and ever higher) price for their crude, and a stranglehold on outgoing forex and the availability of dollars to the general public, has led to inflation at roughly 60% p.a. and a secondary exchange rate for dollars that has seen the value of the Bolivar halve every 12 months or so. With crude prices dropping, or at least staying below the $95/b that their calcs were based on, the situation gets worse and the pressure on the government increases.
Exactly. They are dependent on the US dollar, but as they know (along with everyone else) that the dollar is not too far from going down the toilet, they have (like many others are, or intend to) repatriated their Gold, to hedge against upcoming issues.
I'm not disagreeing with you, just pointing out the bit about the Gold and the fact that the US don't want Russia, parking anything on Cuba :)

 
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The Clever Mirages I shoot have dropped in price since I last ordered a few months ago. You might want to give Tom @ Continental Shooting Supplies/North Ayrshire a bell
Could anyone tell me were these are stocked in the east midland and how much are thay???

 
Took my wife out for a practice shoot today. She was on fire, using the last of my Clever super target 24g stock. She wants more of them. None practically available round the south I believe?

 

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