Russia hasn't nearly as negatively impacted as Canada, so far. Look at the Canadian dollar plummeting compared to USD. I always thought Russia was more known for natural gas than oil, granted I haven't researched that at all.

Seriously, compare Russia to where they were 10 years ago, then do the same for Canada. Stuck in Western media talking points & cold war mindset

The Canadian dollar was falling well before the current oil price drops. WTI peaked around $108 in June 2014, but the CAD has been falling fairly steadily since Sept 2012, when it was over $1 USD. Yes, the most recent fall has been happening at the same time as oil prices have been falling, but it's been falling at about a cent a month, compared to about half a cent a month it was falling for the two years before that(when oil prices were basically flat).

Russia is better known for gas, because gas is harder to ship, and more dependant on pipelines - oil c... (read more)

-1ChristianKl5yGas prizes are pegged to oil prices.

Open thread, Dec. 15 - Dec. 21, 2014

by Gondolinian 1 min read15th Dec 2014309 comments


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