Will Russia and China Collapse Before 2020?

Will Russia and China Collapse Before 2020?

from OilPrice.com Daily News Update by thyu@oilprice.com (Al Fin)

The key factor that will determine Russia’s collapse will be the price of oil. Five years ago, a balanced budget required only $30 per barrel of oil. This year, it has jumped to $115 because of higher government spending, waste and corruption. Next year, the figure will increase even further to $125 per barrel. If the price of oil drops to $90 a barrel, this will be the beginning of a serious economic crisis for Russia. The stabilization fund might be able to hold the budget over for a couple of years, but inevitably the state will have to cut
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