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02-08-2008, 09:07 PM #1
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Russian Oil Cash Pouring Into USA
Russian Oil Cash Pouring Into USA
Friday, Feb. 8, 2008 2:30 p.m. EST
Russia has cleared the way for $32 billion of its sovereign wealth fund money to be invested in Western companies, joining the lineup of Arab and Asian sovereign wealth funds investing here.
By comparison, that’s as big as the largest U.S. hedge funds, and it’s rapidly escalating.
Russia created the $32 billion fund by splitting off money from its $157 billion oil stabilization fund, used to protect itself against swings in oil prices.
Meanwhile, Russian windfall oil profits could exceed $200 billion this year.
Europeans and Americans fret that such government-directed wealth could be used to seize their strategic assets and pursue secret political agendas.
Sovereign funds now control an estimated $2.5 trillion, which may grow to $12 trillion by 2015, almost 10 percent of the world’s financial assets.
After all, they remember that Russia’s natural-gas monopoly, Gazprom, cut supplies to Ukraine two years ago when that country became friendly to Western nations.
The Russians claimed they just waited Ukraine to pay market rates. Again denying any political motivations, Gazprom recently threatened to again cut supplies over a dispute over a $1.5 billion debt.
The Russians, however, say "Don’t worry, be happy.â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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02-08-2008, 09:15 PM #2
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02-08-2008, 09:35 PM #3
I want to see all the players of the game....without that....what is it?
Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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02-10-2008, 05:14 PM #4
Better Russian oil cash than Islamofacist petrodollars.
por las chupacabras todo, fuero de las chupacabras nada
Laura Loomer - Woke up this morning to a @nytimes article...
03-27-2024, 11:36 PM in General Discussion