Refusing to cut production OPEC is planting the seeds of a future oil crisis where global consumption will overtake a global production, Dr. Mamdouh Salameh, consultant on oil and energy at the World Bank told RT.
The Russian economy cannot be fully excluded from the global monetary system, attempts to do so along with imposing more sanctions, will lead to a further fall in the ruble and a financial crisis similar to 2008, economic analyst Michael Mross told RT.
Beppe Grillo, the leader of an Italian Eurosceptic party says he has already received 50,000 signatures for his petition to push for a referendum on Italy leaving the Euro. He cites rising unemployment and lack of economic growth for wanting to quit.
Car dealers in the Russian capital ran out of stock, as customers were buying Porsches, Lamborghinis and BMWs in unusually large numbers, despite growing price tags. The influx was prompted both by holiday spirits and ruble devaluation, experts say.
Obama and Castro are master chess players, but Fidel has never lost a game in his life: the US is betting the government will be overthrown while the Castros are sure they will consolidate their position, Daniel Bruno, Buenos Aires based expert told, RT.
President Putin has not disclosed his future strategic plans during the annual Q&A since to surprise international markets one should always have an ace up the sleeve, French economist Jacque Sapir told RT.
A global crisis has never ended, most of the Western states have enormous debts which they are not able to pay off, and the current collapse of the Russian currency is just its continuation, Mitch Feierstein, of Glacier Environmental Fund, told RT.
As 2014 comes to a close the American mainstream media has represented the most aggressive attack on global environmental movements that defend peoples’ right to live in healthy and clean environment worldwide.
Britain’s oil industry is in a “crisis” and may be “close to collapse,” a senior oil industry expert has said, as the UK’s biggest oil and gas companies continue to cut staff and investment and the price of crude slumps.
Chancellor George Osborne has welcomed the global fall in oil prices, calling the drop a “net positive” in providing UK consumers with cheaper sources of energy, while applying political pressure on Russian President Vladimir Putin.