Home › Forums › Financial Markets/Economics › Is Dubai about to go Bankrupt?
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patb.
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November 26, 2009 at 12:30 PM #488027November 28, 2009 at 10:36 AM #487560
jficquette
ParticipantThe reason oil went from mid 30’s to pushing 80 as the economy got worse and worst was solely due to maniplation by entities to keep Russia and Dubai and other Mid East governments from going under.
It’s cheaper for banks and other entities to push up oil prices by buying futures then getting hit with defaults.
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.
John
November 28, 2009 at 10:36 AM #487725ParticipantThe reason oil went from mid 30’s to pushing 80 as the economy got worse and worst was solely due to maniplation by entities to keep Russia and Dubai and other Mid East governments from going under.
It’s cheaper for banks and other entities to push up oil prices by buying futures then getting hit with defaults.
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.
John
November 28, 2009 at 10:36 AM #488108ParticipantThe reason oil went from mid 30’s to pushing 80 as the economy got worse and worst was solely due to maniplation by entities to keep Russia and Dubai and other Mid East governments from going under.
It’s cheaper for banks and other entities to push up oil prices by buying futures then getting hit with defaults.
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.
John
November 28, 2009 at 10:36 AM #488194ParticipantThe reason oil went from mid 30’s to pushing 80 as the economy got worse and worst was solely due to maniplation by entities to keep Russia and Dubai and other Mid East governments from going under.
It’s cheaper for banks and other entities to push up oil prices by buying futures then getting hit with defaults.
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.
John
November 28, 2009 at 10:36 AM #488425ParticipantThe reason oil went from mid 30’s to pushing 80 as the economy got worse and worst was solely due to maniplation by entities to keep Russia and Dubai and other Mid East governments from going under.
It’s cheaper for banks and other entities to push up oil prices by buying futures then getting hit with defaults.
Russia owes $400B to mostly western banks. If oil gets back to where it belongs which is around $25 a barrel and stays there for a few months then Russia will likely default along with Dubai and probably others.
John
November 28, 2009 at 10:57 AM #487575Nor-LA-SD-guy
ParticipantYea I wonder what will happen in a few years when the average new car (just my guess) will probably average 50 miles or more a gallon with more public transport than we ever had before being added and electric cars becoming the norm.
November 28, 2009 at 10:57 AM #487740ParticipantYea I wonder what will happen in a few years when the average new car (just my guess) will probably average 50 miles or more a gallon with more public transport than we ever had before being added and electric cars becoming the norm.
November 28, 2009 at 10:57 AM #488122ParticipantYea I wonder what will happen in a few years when the average new car (just my guess) will probably average 50 miles or more a gallon with more public transport than we ever had before being added and electric cars becoming the norm.
November 28, 2009 at 10:57 AM #488209ParticipantYea I wonder what will happen in a few years when the average new car (just my guess) will probably average 50 miles or more a gallon with more public transport than we ever had before being added and electric cars becoming the norm.
November 28, 2009 at 10:57 AM #488440ParticipantYea I wonder what will happen in a few years when the average new car (just my guess) will probably average 50 miles or more a gallon with more public transport than we ever had before being added and electric cars becoming the norm.
November 28, 2009 at 11:07 AM #487585ParticipantJust think if we no longer had to import Oil we would probably run a trade surplus.
Worth doing IMO.
November 28, 2009 at 11:07 AM #487750ParticipantJust think if we no longer had to import Oil we would probably run a trade surplus.
Worth doing IMO.
November 28, 2009 at 11:07 AM #488132ParticipantJust think if we no longer had to import Oil we would probably run a trade surplus.
Worth doing IMO.
November 28, 2009 at 11:07 AM #488219ParticipantJust think if we no longer had to import Oil we would probably run a trade surplus.
Worth doing IMO.
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