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"Hooked on Oil," goes the title of an S&P report on Russia. The agency says prices need to...

"Hooked on Oil," goes the title of an S&P report on Russia. The agency says prices need to be $120/barrel for the government to balance its budget this year, and warns it could cut the country's rating by 3 notches if crude gets to and stays as low as $60 - something the world's key central banks are working hard to forestall.
Comments (2)
  • Hence Russia's newly sparked support of UN action against Syria.

     

    Russia announced Wednesday that it is ready to support U.N. envoy Kofi Annan's mission to Syria, that will drive oil price, and further tension.
    26 Mar 2012, 07:49 AM Reply Like
  • Hence is correct. And they Sold the missiles to Iran too..
    Russia is actually OPECs most powerful monger !
    26 Mar 2012, 09:57 AM Reply Like
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