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Anorak | Falling Oil Prices Kill Putin And Give The West Victory

Falling Oil Prices Kill Putin And Give The West Victory

by | 15th, October 2014

OIL is tumbling in price. But rising in value.

Roger Boyes looks:

Cheap oil may yet turn out to be the food of love. Plunging prices will hammer shareholders in the big multinationals, and rattle the Emiratis, but they could also produce an extraordinary peace dividend. The course of war is about to change in Ukraine, Iraq and Syria and Vladimir Putin, who has been busy rebranding himself as a generalissimo, may find himself confined to barracks.

To make the sums add up in Russia, Mr Putin needs to be earning between $100 and $110 per barrel of Brent crude. Yesterday it was down to $86 and all the signs from Saudi Arabia are that it could stay that way, perhaps for as

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Posted: 15th, October 2014 | In: Money Comment (1) | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink