Military Review

$ 20 per barrel: how low oil prices affected the economy at different times

103

The collapse of the OPEC + transaction led to a collapse in world oil prices. But is it so scary for national economies? After all, far from always oil was worth as much as it was sold before the current crisis.


As you know, the "measure" of the cost of oil in the world market is the price of a barrel of the Brent brand. Currently, March 30, 2020, the cost of a barrel of oil of this brand fell below $ 23. Of course, this is an impressive drop compared to the end of 2019, when a barrel of oil was trading at about $ 55-60.

But has oil always been so expensive? History The world market of recent decades is a history of constant changes in oil prices, which are determined not only by the actions of oil producing countries, but also by military and political events in the Middle East.

If we take the last half century, the first maximum jump in oil prices was observed in the early 1970s, in connection with the next Arab-Israeli war. After the defeat of the Arab countries in Doomsday War, oil prices soared 4 times.

The developed economies of the world (USA, Japan, countries of Western Europe) then responded to the rising cost of oil with energy saving: they began to switch to more economical car models, more advanced engines, which led to a decrease in oil consumption.

Oil prices reached their peak by the beginning of the 1980s, after which they began to decline. The fall in world oil prices has become one of the major causes of the economic and political crisis in the Soviet Union, which led to the collapse of both the Soviet state and the socialist camp in Eastern Europe. Operation Desert Storm raised oil prices only for a short time, and when the world realized that besides Iraq or Kuwait there was someone to extract and sell large quantities of oil, prices crawled down again.

In 1998, oil prices reached a minimum of $ 11 per barrel, which was one of the reasons for the default of the Russian economy. As a result of default, the ruble exchange rate was determined by the market, the state practically refused to artificially inflate the value of the Russian currency. At the same time, it was after the default that the authorities began to pay off wage arrears to employees of budgetary sectors, and also began to restrain prices for the products of natural monopolies, which led to economic growth.

In the early 2000s, world oil prices rose significantly, which led to further stabilization of the Russian economy, improving the well-being of Russian citizens in general. The impetus for the rise in oil prices then was the rapid development of China, India and other Asian countries, whose oil consumption tripled over twenty years.

By May 2008, an incredible price of $ 135 per barrel of oil was reached. However, already in the fall of 2008, oil prices collapsed in half, reaching a threshold of $ 67 per barrel or lower. Nevertheless, until recently, oil has not declined below $ 20 per barrel.

Currently, according to Bob McNally, founder of Rapidan Energy, a consulting company, the world market is experiencing a very difficult time - on the one hand, there is a shock on the supply side, which is an increase in oil production, and on the other hand, a shock on the demand side, caused by a decrease in consumption by the reason for the spread of coronavirus and quarantine-related measures against the epidemic.

It is worth noting that today the possible consequences of lowering the cost of oil and maintaining its price at a low level can be completely different than at the end of the twentieth century. The thing is that modern technology is increasingly less dependent on oil as the basis of fuel, especially when it comes to the developed countries of the world. On the other hand, the same United States, a drop in oil prices does not bode well, since the cost of shale oil is also declining, which, moreover, is much more expensive to produce.

The winners are East Asian countries, including China and Japan, which do not have their own oil reserves. Buying oil at prices several times cheaper than the previous ones will lead to a decrease in the cost of fuel, which means a reduction in population expenses, will give another impetus to the development of the economy, especially against the backdrop of events in Europe and the United States, where the coronavirus pandemic is raging.

However, for Russia, a decrease in oil prices entails numerous risks associated with the devaluation of the ruble, a decrease in the purchasing power of the population, a decrease in the attractiveness of the ruble for savings and deposits, a budget deficit with an inevitable reduction in government spending, including for social needs. Given that the collapse in oil prices is also taking place against the backdrop of the coronavirus pandemic, one may have to forget about increases in wages and indexation of social benefits. It is difficult to call such consequences positive. However, do not forget about Russia's large reserves, which could well become a safety cushion during a crisis in the global economy. Another question is how long this crisis can last ...
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  1. Gene84
    Gene84 30 March 2020 16: 10 New
    10
    For the Russian economy, it’s scary not so much a drop in oil prices, but a possible financial crisis due to a drop in oil prices.
    1. Svarog
      Svarog 30 March 2020 16: 11 New
      +5
      It is difficult to call such consequences positive. However, do not forget about the presence of large reserves in Russia, which may well become a safety cushion during a crisis in the global economy. Another question is how long this crisis can last ...

      Why is the course stable in SA?
      1. Lannan Shi
        Lannan Shi 30 March 2020 16: 30 New
        20
        Quote: Svarog
        Why is the course stable in SA?

        Because the whole CA, by and large, is the property of one family. It makes no sense for them to take their barn away and sell it for nothing on firewood. The Russian Federation, however, belongs to the people, it seems, but it controls it .... But to preserve and develop someone else's, this is a special mindset is needed. For our elite uncharacteristic.
        So you can imagine the heir to the throne of Saud, actively sawing the budget and transferring money to some Bahamas? Me not. But the Russian minister? Why imagine ... The prose of life.
        1. Svarog
          Svarog 30 March 2020 16: 38 New
          +8
          Quote: Lannan Shi
          And to protect and develop someone else’s, this is a special mindset is needed. For our elite uncharacteristic.

          Respect for your people .. I think this feeling should initially be present among those in power ..
          Here in the SA there is respect, but we don’t .. we treat sheep like shearing, which is sheared to zero every 4-5 years, and each year the skin is equalized in the form of new taxes ..
          It would be respect, much would be different .. But you can only force yourself to respect ..
          1. Stalllker
            Stalllker 30 March 2020 16: 59 New
            -1
            What respect is there, what are you talking about? Permanent "family problems", murders, prisons
            1. Svarog
              Svarog 30 March 2020 17: 03 New
              +2
              Quote: Stalllker
              Permanent "family problems", murders

              And how does this affect the people in the SA? Oil has fallen in price, and riyal is stable ..
              Or would you be very upset if we had constant "family problems" in power wassat but the ruble would be stable despite the cost of the barrel ..?
              1. Stalllker
                Stalllker 31 March 2020 04: 43 New
                0
                I wouldn’t be upset by anything, I’m not warming my brain because of a situation that I can’t influence, I adapt to it
              2. Stas157
                Stas157 31 March 2020 05: 02 New
                10
                . However, for Russia, lower oil prices entail numerous risks associated with ruble devaluation

                The wooden course showed everyone that OIL is OUR ALL.

                And the government has shown that it is not only not fulfilling its promises, but also unable to stabilize the national currency - the country's business card and its main bond. Which does not honor the king, who admits "corruption of coins."
            2. Stirbjorn
              Stirbjorn 30 March 2020 17: 05 New
              +7
              Quote: Stalllker
              What respect is there, what are you talking about? Permanent "family problems", murders, prisons

              Why, then, is the local currency rate in CA stable? recourse
              1. Ingvar 72
                Ingvar 72 30 March 2020 17: 21 New
                +8
                Like in Norway, by the way
              2. Stalllker
                Stalllker 31 March 2020 04: 41 New
                -2
                Did I say something about the local currency ??? You’re a strange person that you thought up for yourself, answered yourself, it’s a diagnosis !!!
          2. NordUral
            NordUral 30 March 2020 19: 39 New
            +3
            Svarog, so we are rams. At first they allowed to destroy the Union, and now we allow to finish Russia. Moreover, it is not the external enemy that does this, but "our" power itself. So who else are we?
      2. kjhg
        kjhg 30 March 2020 16: 34 New
        11
        Quote: Svarog
        Why is the course stable in SA?

        Folk Wisdom: Low tide always shows who was swimming naked. And these are not Saudis at all, unfortunately, but all of us are a well-known irreplaceable handler, a lover of indulgence and staging.
        According to Middle Eastern media, Putin sent a man to the Saudi prince with a letter that he was ready to agree to all the conditions of the SA on the reduction of oil production in Russia. But the Crown Prince did not consider it necessary to even answer the letter.
      3. maidan.izrailovich
        maidan.izrailovich 30 March 2020 16: 34 New
        -14
        Why is the course stable in SA?

        Because all courses are drawn by those with a printing press. And lohtorata hang noodles about the "free market". Who is friends with those who have a printing press, the courses are more stable. And naughty courses are falling all the time. That’s the whole “science of economics” of capitalism.
        1. Ingvar 72
          Ingvar 72 30 March 2020 17: 22 New
          +7
          Quote: maidan.izrailovich
          Because all courses are drawn by those with a printing press.

          It's about Saudi Arabia, not the United States.
        2. NordUral
          NordUral 30 March 2020 20: 15 New
          -4
          A flock of liberal henchmen came running in, they object to the silver pieces.
      4. NEOZ
        NEOZ 30 March 2020 22: 16 New
        -2
        Quote: Svarog
        Why is the course stable in SA?

        because the exchange rate does not depend on oil prices ....
    2. Liam
      Liam 30 March 2020 16: 12 New
      11
      Quote: Gene84
      For the Russian economy, it’s scary not so much a drop in oil prices, but a possible financial crisis due to a drop in oil prices.

      It sounds something like this: It is not heart failure that is dangerous, but death that occurs because of this
      Congenially
    3. kjhg
      kjhg 30 March 2020 16: 51 New
      11
      Quote: Gene84
      For the Russian economy, it’s scary not so much a drop in oil prices, but a possible financial crisis due to a drop in oil prices.

      Gennady, for me, too, the loss of income due to dismissal from work is not so terrible as the prospect of a possible hunger due to lack of money.
      1. The comment was deleted.
        1. Ingvar 72
          Ingvar 72 30 March 2020 17: 25 New
          +3
          Quote: Aerodrome
          prices will climb, write when it presses to the edge,

          Well, what are you exaggerating, prices are falling. There gasoline for 10 cents cheaper! wassat
          1. Aerodrome
            Aerodrome 30 March 2020 17: 50 New
            +4
            Quote: Ingvar 72
            Well, what are you exaggerating, prices are falling. Over 10 cents cheap gasoline

            laughing
            1. Snail N9
              Snail N9 30 March 2020 18: 19 New
              +8
              And this is such a KhPP - “shoot yourself in the foot”, “bomb the Voronezh”, “buy assets in Venezuela”, etc.
              Zaputinam only joy- https://svpressa.ru/economy/article/261087/?utm_source=finobzor.ru

          2. Aaron Zawi
            Aaron Zawi 30 March 2020 18: 37 New
            +7
            Quote: Ingvar 72

            Well, what are you exaggerating, prices are falling. There gasoline for 10 cents cheaper! wassat

            Since April 1, it has become cheaper by 17%.
            1. kjhg
              kjhg 30 March 2020 19: 44 New
              +6
              Aron, don’t pour us salt on the wound ...
            2. Round Smesharik
              Round Smesharik 30 March 2020 21: 11 New
              -2
              Quote: Aaron Zawi
              Quote: Ingvar 72

              Well, what are you exaggerating, prices are falling. There gasoline for 10 cents cheaper! wassat

              Since April 1, it has become cheaper by 17%.

              You have in Israel huge reserves of oil and gas and the whole Aron periodic table .. Who can argue with you here? What is your nickname? laughing
            3. NEOZ
              NEOZ 30 March 2020 22: 18 New
              -2
              Quote: Aaron Zawi
              Since April 1, it has become cheaper by 17%.

              due to what (whom)? at the expense of the US?
              1. Aaron Zawi
                Aaron Zawi 30 March 2020 22: 23 New
                +3
                Quote: NEOZ
                Quote: Aaron Zawi
                Since April 1, it has become cheaper by 17%.

                due to what (whom)? at the expense of the US?

                Crude oil has fallen in price.
                1. 3danimal
                  3danimal April 3 2020 13: 48 New
                  0
                  And we don’t need cheap gasoline .. And so everything is fine - 70% of the citizens are middle class. Therefore, raise excise taxes higher and keep the price of fuel from falling good
      2. Snail N9
        Snail N9 30 March 2020 19: 18 New
        +7
        for me, too, the loss of income due to dismissal from work is not so terrible as the prospect of a possible famine due to lack of money.

        Wow, "the prospect of a possible famine due to lack of money." Who does it “care” there? Remember; “there is no money, but you are holding on there ... all the best to you”, “we did not ask you to give birth”, “these people did not join the market”, “macaroni are the same everywhere” , Well:
  2. Lannan Shi
    Lannan Shi 30 March 2020 16: 20 New
    12
    You can create an airbag in the form of a handful of notes, or you can buy a cow and a horse for these banknotes. Which will also become an airbag. Mow the hay, take it out to the second, feed the first, and you will not die from hunger. And world practice shows that investments in industry and agriculture are somewhat more cushioned than a barrel with pickled bucks. Neither in 2008 nor in 2014, accounts with Russian dollars somehow did not help much. But the crisis in industrial Germany, by our standards, was not a crisis either. So think about which pillows you need to create.
    1. Ingvar 72
      Ingvar 72 30 March 2020 17: 27 New
      +4
      Quote: Lannan Shi
      Think about which pillows you need to create.

      This contradicts the IMF recommendation.
    2. NEOZ
      NEOZ 30 March 2020 22: 21 New
      -2
      Quote: Lannan Shi
      you can buy a cow and a horse for these banknotes.

      did you buy a cow and a horse? ..... no? and why?
      Well, why do you give advice, but do not follow them yourself?
    3. Vadim237
      Vadim237 31 March 2020 13: 21 New
      -1
      Already created: a reserve fund, a national welfare fund for gold reserves and the extraction of rare earth metals in Russia continues. And there will not be any budget cuts this year or even next year, even if the price of oil is 20 and lower to hold on to the barrel all this time.
      1. ycuce234-san
        ycuce234-san April 4 2020 13: 52 New
        0
        At least one more large-scale test awaits us, lasting long and parallel to the current adversities.
        START-3 (due to the Chinese) is unlikely to be extended - less than a year is left before the start of a new arms race.
        Therefore, in order not to lose the maneuver, the savings are not spent and the budget is kept in excellent “form” - surplus.
  3. parusnik
    parusnik 30 March 2020 16: 23 New
    17
    However, for Russia, a decrease in oil prices entails numerous risks associated with the devaluation of the ruble, a decrease in the purchasing power of the population, a decrease in the attractiveness of the ruble for savings and deposits, a budget deficit with an inevitable reduction in government spending, including for social needs.
    ..... It’s not true ... Russia doesn’t sit on the oil needle ... Russia, a self-sufficient country, the fifth economy in the world, are not afraid of any crises and Russia has enough large reserves that will become an airbag during the global crisis the economy. The helmsman promised ... But he keeps his word smile
    1. mat-vey
      mat-vey 30 March 2020 16: 27 New
      11
      Quote: parusnik
      ..And he holds the word

      Nah ... he is the master of his word ..
    2. Lannan Shi
      Lannan Shi 30 March 2020 16: 38 New
      +9
      Quote: parusnik
      The helmsman promised ... But he keeps his word

      The helmsman can keep his word, but the promises were made by a galley slave. And believe the word slave ... Not the most reasonable behavior.
    3. Tiksi-3
      Tiksi-3 30 March 2020 16: 57 New
      10
      Quote: parusnik
      And he holds the word

      to the point .... especially with the Pension reform ....
    4. Leshy1975
      Leshy1975 30 March 2020 17: 10 New
      +4
      Quote: parusnik
      However, for Russia, a decrease in oil prices entails numerous risks associated with the devaluation of the ruble, a decrease in the purchasing power of the population, a decrease in the attractiveness of the ruble for savings and deposits, a budget deficit with an inevitable reduction in government spending, including for social needs.
      ..... It’s not true ... Russia doesn’t sit on the oil needle ... Russia, a self-sufficient country, the fifth economy in the world, are not afraid of any crises and Russia has enough large reserves that will become an airbag during the global crisis the economy. The helmsman promised ... But he keeps his word smile

      At the helmsman's business, something is very obvious, they went badly. I perfectly remember Karaulov’s broadcast - The Moment of Truth. In which Karaulov often aspirated repeating: and if the president finds out, they (bad boyars) substitute Putin, and so on.
      And what do we see now? The most unskilled decided that it was time to bring down the galley?

      Well, other markers also say that Putin’s situation is getting out of control.
      For example, a story with self-isolation:
      Senator Andrei Klishas commented on the introduction of a home self-isolation regime for all residents of Moscow, regardless of age.
      He stated that "in accordance with Article 55 of the Constitution, restrictions on the rights and freedoms of citizens are possible only by virtue of federal law and for constitutionally significant purposes."
      “So, the introduction of such restrictions - exclusive competence of the Federal Assembly and the President", - quotes RIA Novosti Klishas.

      This is the very Klishas who introduced the issue of the sovereign Internet.
      This is the very Klishas who: MOSCOW, January 16. / TASS /. Amendments to the Constitution of the Russian Federation proposed by Russian President Vladimir Putin as part of the message to the Federal Assembly will make the concept of a social state more accessible to citizens. This opinion was expressed on Thursday by the chairman of the Federation Council Committee on Constitutional Legislation and State Building Andrey Klishas, ​​who He is also the co-chair of the working group on the preparation of proposals for amending the Constitution.
      Those. Klishas, ​​obviously a man from the president’s cage, who would not have been included in the leadership of the constitutional amendment group.
      So who to listen to ordinary citizens? Follow Sobyanin’s instructions, or since he doesn’t have such authority, should he wait for the president’s decision? What's happening? Who should be guided by citizens and authorities? Unclear request
      1. New
        New Year day 30 March 2020 17: 20 New
        11
        Quote: Leshy1975
        So who to listen to ordinary citizens?

        as a doctor I’ll say: send the fuck Klishas and listen to Sobyanin
        1. Aerodrome
          Aerodrome 30 March 2020 17: 54 New
          +6
          Quote: Silvestr
          as a doctor I’ll say: send the fuck Klishas and listen to Sobyanin

          as a patient with a sore throat, I’ll say: on Kukuy both of these ...
        2. Leshy1975
          Leshy1975 30 March 2020 17: 59 New
          +7
          Quote: Silvestr
          Quote: Leshy1975
          So who to listen to ordinary citizens?

          as a doctor I’ll say: send the fuck Klishas and listen to Sobyanin

          Sylvester hiIt’s clear that it’s better to take care. This is not even discussed. In general, I believe that it is necessary to declare quarantine or an emergency stipulated by law. Well, you yourself know that instead of this again (by analogy with constitutional amendments), a procedure not prescribed by law is introduced - self-isolation.
          Almost like self-restraint. Well, if anyone does not have the desire or I endure self-restraint (self-isolation), it turns out that appealing to the rule of law, you can send everyone a forest and do anything.
          What's happening? The president does not announce a legal decision. The heads of the constituent entities of the Russian Federation begin themselves, going beyond their authority, to declare do not understand what is not in the law. This already resembles the fragmentation of the legal field of the country. Well, now the heads of the subjects take on part of the president’s powers in the field of health security.
          And then tomorrow what to expect? That the heads of the constituent entities of the Russian Federation will also slowly begin to take on other issues - security and subordination of the armed forces, questions of nat. currencies, taxes, and many others, will now also be so decided? And where is the united country and the supremacy of the Constitution and federal laws? What's happening? request
  4. Ros 56
    Ros 56 30 March 2020 16: 25 New
    +6
    It's time to drop the price of gas by 50 percent, you look, and prices will start to fall, and in the hands of the rakers you can stick a decree on getting an early five-year plan. Enough already mumble and chew snot, it's time to use power. Surely for thirty years they have not played enough of this fucking democracy, it cost us so dear, they killed two generations.
    1. Aerodrome
      Aerodrome 30 March 2020 17: 56 New
      +2
      Quote: Ros 56
      It's time to drop gas prices by 50 percent,

      how sheep sheared the population. their snot on May 9 is already disgusting. and so on ... everything is so transparent. that only dumb people don’t understand it. but no ... there are still sheep ....
      1. Ros 56
        Ros 56 31 March 2020 07: 51 New
        0
        I’m asking you not to confuse horseradish with your finger. May 9 is sacred and don’t open your mouth to it. and about the rest, let's go to the bay like spaceships plow the expanses of the Bolshoi Theater.
    2. NEOZ
      NEOZ 30 March 2020 22: 28 New
      -2
      Quote: Ros 56
      Surely for thirty years they have not played enough of this fucking democracy, it cost us so dear, they killed two generations.

      so they sang the same thing in 1991 !!!!!!!!!
  5. mavrus
    mavrus 30 March 2020 16: 46 New
    +7
    Quote: Gene84
    For the Russian economy, it’s scary not so much a drop in oil prices, but a possible financial crisis due to a drop in oil prices.

    Scary is no longer a coronavirus with a financial crisis ...
    The worst of all is the social stratification of society, comparable only with "banana democracies."
    We are not the United States, where besides the multibillion-dollar support of the economy, each citizen was given, by the way, bucks for the fight against the consequences of the coronovirus ...
    I understand that for Russia this is unrealistic. But ... not because there is no money, but because we have different priorities ... The main thing for us is that the oligarchs, bureaucrats and deputies are not financially affected.
    So if in Russia it explodes, as in the 17th ... (then against the backdrop of the WWII, and now against the backdrop of the financial crisis).
    It’s not enough for everyone. Especially to us.
    1. Aerodrome
      Aerodrome 30 March 2020 18: 50 New
      +1
      Scary is no longer a coronavirus with a financial crisis ...
      The worst of all is the social stratification of society, comparable only with "banana democracies."
      We are not the United States, where besides the multibillion-dollar support of the economy, each citizen was given, by the way, bucks for the fight against the consequences of the coronovirus ...
      I understand that for Russia this is unrealistic. But ... not because there is no money, but because we have other priorities .. true.
      1. Aerodrome
        Aerodrome 30 March 2020 19: 27 New
        +2
        Quote: Aerodrome
        I understand that for Russia this is unrealistic. But ... not because there is no money, but because we have other priorities .. true.

        Quote: iouris
        "If a barrel (or barrel) is eight,
        Anyway, we won’t stop drinking ... "
        Some will have to eat less.

        Quote: parusnik
        "If a barrel (or barrel) is eight,
        Anyway, we will not give up ... "

        Quote: UserGun
        During the auction on March 30, the cost of Russian Urals oil for delivery to North-Western Europe fell to $ 16,2 per barrel, Argus media reported. It is noted that this is the minimum level since June 1999. Over the week, the Russian variety fell by $ 5,51 per barrel. "Actually a little bit left ...
        sadly knocking over 50 / I cringed something from the "public" ... no one wants to help anyone. all beggars? weak to take on the burden, and decide on debts? call campaigns, solve problems? who is legally savvy? I don’t, but it’s a shame for people. I know that I’ll light up too much, believe me, I’m nobody, a pensioner, I don’t chase the "dough", I don’t need it, I want to help, who is really hard, I have no doubt, such- THOUSAND I. I have friends, co-workers who do not believe in power, but believe in the Country, and can, I hope to help at this time, my ... just mine. everything in PM, maybe there will be a Chief, I would be for Skomorokhov, but I understand how hard it is for him ...
        1. Snail N9
          Snail N9 30 March 2020 20: 05 New
          +5
          We are not the United States, where besides the multibillion-dollar support of the economy, each citizen was given, by the way, bucks for the fight against the consequences of the coronovirus ...

          Everything is even worse. Russia is the only country in the world that has introduced a new tax for citizens of the country to "fight against coronovirus" (under the guise of "fight against coronovirus").
          1. Vadim237
            Vadim237 31 March 2020 13: 28 New
            -2
            What is this?
  6. iouris
    iouris 30 March 2020 17: 44 New
    +2
    "If a barrel (or barrel) is eight,
    Anyway, we won’t stop drinking ... "
    Some will have to eat less.
    1. parusnik
      parusnik 30 March 2020 18: 06 New
      +2
      Slightly edit:
      "If a barrel (or barrel) is eight,
      Anyway, we will not give up ... "
    2. UserGun
      UserGun 30 March 2020 18: 09 New
      +2
      "During the March 30 auction, the price of Russian Urals oil for delivery to North-West Europe fell to $ 16,2 per barrel, reports Argus media. It is noted that this is the minimum level since June 1999. Over the week, the Russian variety fell by $ 5,51 per barrel. "Actually a little bit left ...
  7. cniza
    cniza 30 March 2020 17: 45 New
    +1
    The history of the world market of recent decades is a history of constant changes in oil prices, which are determined not only by the actions of oil producing countries, but also by military and political events.


    So it was, it is and it will be so ...
  8. Barmaleyka
    Barmaleyka 30 March 2020 17: 56 New
    -4
    ... numerous risks associated with the devaluation of the ruble ... associated with ... the budget deficit
    just a depreciation can offset the fall in oil prices, the author learn the basics of the economy
    1. UserGun
      UserGun 30 March 2020 18: 07 New
      +5
      Yes, how much can you fall then ?! At one time, the helmsman was reset, and not so long ago, from the screens of the duroscope he suggested that "the budgets will be filled" and we will finally heal))) Since then, real well-being has only been falling.
      1. Barmaleyka
        Barmaleyka 30 March 2020 18: 28 New
        -3
        your comment to what ?!
        I am writing about economic laws, not zeroing out deadlines, broadcasting or anything else that you come up with

        It is precisely the depreciation of the national currency (sometimes artificial) that very often the states involved in exporting (it’s important why) plug holes in the budget
        1. UserGun
          UserGun 30 March 2020 18: 46 New
          +2
          You see, if it were Japan, then maybe I agreed with you, but a gas station country that "fills" the budget in this way brings nothing to its citizens, except impoverishment. So let it be filled 100500 times with a tree, what's the use of this, in the end?
          1. Barmaleyka
            Barmaleyka 30 March 2020 20: 46 New
            -3
            READ CAREFULLY THAT I wrote again
          2. Vadim237
            Vadim237 31 March 2020 13: 31 New
            -1
            The gas station countries are Saudi Arabia and Qatar.
    2. UserGun
      UserGun 30 March 2020 21: 23 New
      -1
      Well, how can one “level it out" if the pagan ruble is, fortunately or not fortunately, tied to the paganam dollar ?! Are you out of your mind when you suggest this? Buy odeo for bucks and at the same time pay for another ?! ))) Are you out of your mind?

      And the most interesting, you, in all seriousness, the buck that you "bury" for 20 years already))) Replaces all your "calculations" ???!
      1. Barmaleyka
        Barmaleyka 31 March 2020 07: 34 New
        -2
        it is pointless to argue on this subject with a person who does not know the basis of economics

        By the way, why did you get the idea that I'm burying something?
        you have problems not only with the fundamentals of economics, but also with arithmetic
  9. 75 Sergey
    75 Sergey 30 March 2020 18: 20 New
    +1
    And how will this affect the cost of fuel in Russia?
    Probably prices will fall, the cost of transportation will fall, therefore, goods will become cheaper ...
    1. Barmaleyka
      Barmaleyka 30 March 2020 18: 29 New
      -1
      and you are a comedian, fuel prices will soar, oil exporters will have to compensate for CURRENCY losses
    2. UserGun
      UserGun 30 March 2020 21: 40 New
      -2
      No way, for the formula there is completely different.
      1. Barmaleyka
        Barmaleyka 31 March 2020 07: 36 New
        -2
        You don’t understand the topic you are discussing at all?
  10. Professor
    Professor 30 March 2020 18: 20 New
    +8
    On the other hand, the same United States, a drop in oil prices does not bode well, since the cost of shale oil is also declining, which, moreover, is much more expensive to produce.

    Yah? According to the author, do the US live off oil exports? Cheap oil is very beneficial to the American economy, as well as European and Japanese.
    1. Barmaleyka
      Barmaleyka 30 March 2020 18: 31 New
      -5
      Quote: Professor
      Cheap oil is very beneficial to the US economy

      depending on what part of it, shale workers and insurers are sickle in one place
      1. Professor
        Professor 30 March 2020 19: 07 New
        +5
        Quote: Barmaleyka
        Quote: Professor
        Cheap oil is very beneficial to the US economy

        depending on what part of it, shale workers and insurers are sickle in one place

        And how many are there in the USA? Compare with the number of auto carriers?
        1. Barmaleyka
          Barmaleyka 30 March 2020 20: 45 New
          -6
          Quote: Professor
          Compare with the number of auto carriers?

          and take off there is no point in comparing them with violet for the price of oil, the cost of delivery is paid by the client
          1. Professor
            Professor 30 March 2020 21: 05 New
            +3
            Quote: Barmaleyka
            Quote: Professor
            Compare with the number of auto carriers?

            and take off there is no point in comparing them with violet for the price of oil, the cost of delivery is paid by the client

            Yeah. Only shipping costs are not related to the price of gas. Costs due to the carrier. Did you not know?
            1. Barmaleyka
              Barmaleyka 31 March 2020 07: 55 New
              -2
              Quote: Professor
              Only shipping costs are not related to the price of gas.

              ohhh yes here is a forum of "economists-specialists" belay
              1. Professor
                Professor 31 March 2020 09: 25 New
                +2
                Quote: Barmaleyka
                Quote: Professor
                Only shipping costs are not related to the price of gas.

                ohhh yes here is a forum of "economists-specialists" belay

                No need to be an economist. I constantly use Fling Cargo, Fedex and UPS. Shipping rates are independent of oil prices. Who incurs the costs?
                1. Barmaleyka
                  Barmaleyka 31 March 2020 11: 23 New
                  -2
                  eeea so I understood that they showed you the full calculation of the delivery of the goods? !!! laughing
                  1. Professor
                    Professor 31 March 2020 12: 24 New
                    +1
                    Quote: Barmaleyka
                    eeea so I understood that they showed you the full calculation of the delivery of the goods? !!! laughing

                    I am not interested in it. As a client, I pay the same tariff regardless of the cost of fuel and lubricants. Accordingly, the difference in the price of fuel is covered by the carrier. A low price is beneficial for a carrier and carriers in the USA are incomparably more than shale workers.
                    1. Barmaleyka
                      Barmaleyka 31 March 2020 12: 33 New
                      -2
                      Quote: Professor
                      As a client, I pay the same tariff, regardless of the cost of fuel and lubricants

                      that is, it’s what you think that without cost, only then do you have to give out your thinkers as reality
                      1. Professor
                        Professor 31 March 2020 12: 58 New
                        +1
                        Quote: Barmaleyka
                        Quote: Professor
                        As a client, I pay the same tariff, regardless of the cost of fuel and lubricants

                        that is, it’s what you think that without cost, only then do you have to give out your thinkers as reality

                        I do not think, I know. Tariffs for transportation did not change with the rise in price of oil and did not change with the fall. The costs in the first case and the additional profit in the second were borne by the carrier, not the client. By the way, the tariff calculator on their website is in the public domain.
                      2. Barmaleyka
                        Barmaleyka 31 March 2020 13: 01 New
                        -2
                        Quote: Professor
                        I don't think I know

                        once again for the gifted costing seen? !!!!
                        and if the tariffs have not changed it’s not about the fact that there is no gas in the price, but about the walrus with a reserve
                      3. Professor
                        Professor 31 March 2020 13: 03 New
                        +1
                        Quote: Barmaleyka
                        Quote: Professor
                        I don't think I know

                        once again for the gifted costing seen? !!!!
                        and if the tariffs have not changed it’s not about the fact that there is no gas in the price, but about the walrus with a reserve

                        Quote: Barmaleyka
                        and take off there is no point in comparing them with violet for the price of oil, the cost of delivery is paid by the client

                        As we have seen, the costs are not borne by the client, but by the carrier. Lower price for fuel and lubricants; higher carrier income. Shale workers rest so their units, and carriers millions., CEP hi
                      4. Barmaleyka
                        Barmaleyka 31 March 2020 13: 05 New
                        -1
                        Quote: Professor
                        As we have seen, the costs are not incurred by the client

                        far from always, you just paid ALL costs in advance and believe in the future, pay again in advance in the future, there is no socially oriented business, business has one goal - PROFIT, and not your well-being
                      5. Professor
                        Professor 31 March 2020 13: 06 New
                        +1
                        Quote: Barmaleyka
                        Quote: Professor
                        As we have seen, the costs are not incurred by the client

                        far from always, you just paid ALL costs in advance and believe in the future, pay again in advance in the future, there is no socially oriented business, business has one goal - PROFIT, and not your well-being

                        Low fuel price is beneficial for carriers. There are more than shale. The topic is closed.
                      6. Barmaleyka
                        Barmaleyka 31 March 2020 13: 09 New
                        -1
                        in elderberry garden
                        and who argues with this ?!
                        they will have higher profits, but oilmen, on the contrary, lower and not only shale
                      7. Liam
                        Liam 31 March 2020 13: 17 New
                        0
                        It is also beneficial to the chemical, road construction, electricity producers, etc., etc. naturally to everyone who stops at the gas station. In general, the low oil price is beneficial to everyone except the oil workers themselves. The proportions are approximately 99,9% versus 0,1%
                      8. Barmaleyka
                        Barmaleyka 31 March 2020 14: 14 New
                        -1
                        Quote: Liam
                        In general, a low oil price is beneficial to everyone except the oil workers themselves. The proportions are approximately 99,9% versus 0,1%

                        a controversial issue, by the way, have you already appreciated low oil prices ?! repeat
                      9. Liam
                        Liam 31 March 2020 14: 20 New
                        +1
                        Yes, he estimated. From April 1, gas prices fell by 13,5%. On electricity, by 18%.
                      10. Barmaleyka
                        Barmaleyka 31 March 2020 14: 21 New
                        -3
                        so you are our master, otkel will be
                      11. Liam
                        Liam 31 March 2020 14: 24 New
                        +1
                        From where market laws work
  • 16112014nk
    16112014nk 30 March 2020 19: 43 New
    +5
    The situation with oil prices is the result of the incompetence and unsuitability of Igor Ivanovich with the consent of Vladimir Vladimirovich.
    1. UserGun
      UserGun 30 March 2020 21: 45 New
      +1
      By the way, yes! In the name of imperial ways, which are NOT backed up by ANYTHING))) Well, we fools! Only now, for some reason, our fuel oil is bought exclusively below 20 bucks. ..
  • nikvic46
    nikvic46 30 March 2020 20: 23 New
    0
    China has been sitting on its oil for a long time, but intensive refining has required imports. Our weakness is precisely the processing of gas and oil. Having such a resource and raising fuel prices all the time is just a conspiracy.
    1. Round Smesharik
      Round Smesharik 30 March 2020 21: 15 New
      -3
      Quote: nikvic46
      China has been sitting on its oil for a long time, but intensive refining has required imports. Our weakness is precisely the processing of gas and oil. Having such a resource and raising fuel prices all the time is just a conspiracy.

      Well, here the Jews from Israel know everything and it is better not to argue with them !!!
  • Allexx11
    Allexx11 31 March 2020 00: 05 New
    +1
    I think that the current $ 17 per barrel, taking into account dollar inflation between the 90s of the last century and now, is precisely the trigger that starts the process. And the process has already begun. It was believed that the possible departure of Putin could serve as the beginning of a certain collapse of the Russian Federation, but this began to happen right now, under Putin. He has been destroying the state over the past few years, systematically and efficiently - in fact, this is the only thing his team is doing effectively. And the chaotic actions of local authorities - from the province to the village - to maintain at least some order. Moreover, actions are not according to the law - where is that law? - but within the framework of revolutionary legal awareness and common sense, which, in general, does not always contradict each other. The Titanic of the Russian Federation - has already received a hole and although propaganda orchestras are still playing joyful marches - the process has already begun, it cannot be stopped. We stock up on popcorn and observe a smaller copy of the collapse of the USSR in our time.
    1. Vadim237
      Vadim237 31 March 2020 13: 40 New
      0
      Yes, it destroys Russia so much that the army became one of the most modern in the world from 2000 to 2019, GDP increased 6 times, taking into account all inflation crises and landslides, government debt decreased to a minimum. Gold reserves increased 10 times; poverty decreased from 50 million to 19 million, a share of oil and gas in the budget decreased from 67% to 24% - if all of these systematic demolition people would have been letting me continue to destroy Russia in the same spirit with both hands. And you and your kind - whine and whine more often you do it so well.
  • A. Privalov
    A. Privalov 31 March 2020 09: 49 New
    -2
    In our area, gasoline is generally expensive, but from today the price has been reduced by 17,3%. Explained by a significant decrease in world oil prices amid the coronavirus crisis and the trade war between the Russian Federation and Saudi Arabia.
    This, of course, is good, but there’s nowhere to go especially - quarantine restrictions ...
  • Grading
    Grading 31 March 2020 17: 49 New
    -1
    Over the week, the Russian variety fell in price in North-Western Europe by $ 5,51 per barrel. The discount for Urals relative to the dated North Sea increased by the end of the week by $ 1,25 / bbl., Up to $ 4,75 / bbl. (CIF Rotterdam), which has become the maximum discount since June 2008, "the press release said.
    1. Spring fluff
      Spring fluff 31 March 2020 19: 21 New
      +1
      Russian oil fell to $ 13 per barrel

      Read more at RBC:
      https://www.rbc.ru/business/31/03/2020/5e832c7e9a794749815a8b71?from=from_main