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184: Russia short brief


02-03-2008

PropertyInvesting.net team

 

By popular demand we enclose our views on Russia. They are bullish. The simple reason is oil. The oil price has risen from $7/bbl in 1998 to $90/bbl today. Meanwhile Russias oil production has increase from 6 to 9.3 million bbls/day. The value of its gas is not far behind that of its oil. Thats $305 billion in revenue foir oil alone. If oil prices rise to $180/bbl, this will be $610 billion! So where does all this money end up?

  

 

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