Russian Economics Ministry Predicts Average Oil Price Of 74/Barrel In 2008 (Vs.

Posted on Wednesday, November 28 at 09:02 by N Say
According to the report, Russia's GDP is expected to rise to more than 7% in 2007 compared with 6.7% in 2006, driven by growing household consumption and an increase in business activity. Russia's Finance Ministry earlier said net capital inflow into Russia in 2007 would reach $80 billion, a twofold increase on last year. http://en.rian.ru/russia/20071121/88943080.html

Note: http://en.rian.ru/russi...

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  1. by avatar Jacob
    Thu Nov 29, 2007 4:25 am
    Capital inflow into Russia = Capital outflow from the USA.

    My-o-my - how have things changed from only 15 years ago.

  2. by N Say
    Sun Dec 02, 2007 7:56 pm
    Record gasoline prices possible in spring<br />
    <br />
    The Canadian Press<br />
    December 2, 2007 at 12:05 PM EST<br />
    <br />
    CALGARY — Canadian drivers should brace themselves for record gasoline prices this spring if crude oil stays in the $90-a-barrel range, experts say.<br />
    <br />
    “They could be getting into the $1.30, $1.40, maybe even the $1.50 range per litre,” said Jason Toews, one of the founders of GasBuddy.com, a website designed to help motorists find the best deals at the pump.<br />
    <br />
    Gas prices for this time of year should be around 90 cents per litre, but the national average was $1.07 on Friday. That's because of recent high crude prices, Mr. Toews said in an interview.<br />
    <br />
    Crude oil receded to its lowest level in more than a month on Friday after flirting with the $100 a barrel mark at the beginning of last week.<br />
    <br />
    Even though crude prices have shied away from triple-digit territory, they're still high enough to keep pump prices stable in the coming months, said industry analyst Michael Ervin of consulting firm M.J. Ervin and Associates.<br />
    <br />
    ...<br />
    <br />
    <a href="http://www.theglobeandmail.com/servlet/story/RTGAM.20071202.wgas1202/BNStory/National/">http://www.theglobeandmail.com/servlet/story/RTGAM.20071202.wgas1202/BNStory/National/</a><p>---<br>"George Bush has declared the war on terrorism to be the cause of his generation. The cause of Canadian sovereignty will be ours." - John Godfrey, MP for Don Va



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