Russia swiftly reacts to bloodbath in markets

[micromachine]

Russia’s sovereign wealth fund has enough reserves to cover budget deficit for years, even if oil prices stay between $25 and $30 per barrel, the Finance Ministry announced amid a dramatic oil market crash.

https://www.rt.com/business/482638-russia-oil-prices-fall/

US shale oil compaines need to come out 200billions
https://www.wsj.com/articles/energy...ab-for-the-shale-drilling-bonanza-11577880001

 

[laksaboy]

I've said long ago that Jurong Island needs to be converted into the third Integrated Resort. All your silly oil refining and petrochem jobs are going to be irrelevant soon.

'Short pain is better than long pain'. Do not fall into the trap of the sunk cost fallacy. Good luck.