Tonight, President Obama will give his last SOTU speech. It will not be melancholy, but forward looking with but a slight nod to the past. This will contrast with Vladimir Vladimirovich Putin's next speech which will be a spinning diatribe against the West, the Middle East and his southern neighbor, China. He'll point fingers at all of them as the architects behind his country's slide into a deep recession, causing grief across the Steppes, the Urals, and the Pacific Coast. No longer will the oligarchs, his closest allies, be able to hide out in London, Zurich, New York, and Madrid. They'll have to stay in Moscova where Vova will chastise them because the rouble has fallen on hard times.
The price of oil hit a 12 year low yesterday and the outlook is for more declines. This puts pressure on the little imperialist who thought invading Crimea was a good thing, ala Mussolini. Now the Crimeans pay for this by not having enough electricity(about 2/3's of their needs on a given day). Perhaps the Ukrainians will help. Oh, sorry, they blew up the transmission lines!
Saudi Arabia keeps on pumping. US oil companies, burdened with 342 billions in debt, keep on pumping. Everybody keeps pumping, even Russya. Net result: lower prices coming. China retracts, her economy slides. Hmmmmm.
Maybe the Kremlin will alter course. No, they are Russyan; they don't know how to change course. (See Crimea).
So, the message to Putin in these early days of 2016: get Ready!
Happy New Year
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