{"id":9572,"date":"2014-03-26T23:11:17","date_gmt":"2014-03-27T03:11:17","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=9572"},"modified":"2014-03-26T23:11:17","modified_gmt":"2014-03-27T03:11:17","slug":"depleting-putins-war-chest","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/","title":{"rendered":"Depleting Putin&#8217;s war chest"},"content":{"rendered":"<p>From Quartz:<\/p>\n<blockquote>\n<p>The \u201cFirst Law of Petropolitics,\u201d coined by New York Times columnist Tom Friedman&#8230; states that when oil prices are high, the leaders of petro-states can become demanding and belligerent; when they are low, they are more prone to be pussycats.<\/p>\n<\/blockquote>\n<p>Oil prices at elevated levels explain Russian belligerence. The graph below shows Brent Crude prices adjusted by the (US) consumer price index to reflect growth in real crude prices over the last decade. To bring crude prices down to pre-2005 levels will be no small feat.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter\" title=\"Real Crude Oil Prices\" alt=\"Real Crude Oil Prices\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/brent-cpi.png?w=525&#038;ssl=1\" \/><\/p>\n<p>Read more at <a href='http:\/\/qz.com\/192428\/how-the-us-might-persuade-the-saudis-to-co-conspire-in-unleashing-an-oil-weapon-against-putin\/'>How the US might persuade the Saudis to co-conspire in unleashing an oil weapon against Putin &#8211; Quartz<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>From Quartz: The \u201cFirst Law of Petropolitics,\u201d coined by New York Times columnist Tom Friedman&#8230; states that when oil prices are high, the leaders of petro-states can become demanding and belligerent; when they are low, they are more prone to be pussycats. Oil prices at elevated levels explain Russian belligerence. The graph below shows Brent &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Depleting Putin&#8217;s war chest&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44,26,34],"tags":[495,854,898,1402,2866],"class_list":["post-9572","post","type-post","status-publish","format-standard","hentry","category-crude-oil-natural-gas","category-russia-former-ussr","category-us-canada-countries-regions","tag-brent-crude","tag-cpi","tag-crude-oil-2","tag-first-law-of-petropolitics","tag-real-crude-prices"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Depleting Putin&#039;s war chest - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Depleting Putin&#039;s war chest - the patient investor\" \/>\n<meta property=\"og:description\" content=\"From Quartz: The \u201cFirst Law of Petropolitics,\u201d coined by New York Times columnist Tom Friedman&#8230; states that when oil prices are high, the leaders of petro-states can become demanding and belligerent; when they are low, they are more prone to be pussycats. Oil prices at elevated levels explain Russian belligerence. The graph below shows Brent &hellip; Continue reading &quot;Depleting Putin&#8217;s war chest&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:published_time\" content=\"2014-03-27T03:11:17+00:00\" \/>\n<meta property=\"og:image\" content=\"http:\/\/static.incrediblecharts.com\/images\/2014\/brent-cpi.png\" \/>\n<meta name=\"author\" content=\"ColinTwiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"ColinTwiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/\"},\"author\":{\"name\":\"ColinTwiggs\",\"@id\":\"https:\/\/thepatientinvestor.com\/#\/schema\/person\/cb072791ac83e8bae585007c133d54a5\"},\"headline\":\"Depleting Putin&#8217;s war chest\",\"datePublished\":\"2014-03-27T03:11:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/\"},\"wordCount\":113,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/brent-cpi.png\",\"keywords\":[\"Brent crude\",\"CPI\",\"crude oil\",\"First Law of Petropolitics\",\"real crude prices\"],\"articleSection\":[\"Crude Oil &amp; Natural Gas\",\"Russia &amp; Former USSR\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/\",\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/\",\"name\":\"Depleting Putin's war chest - the patient investor\",\"isPartOf\":{\"@id\":\"https:\/\/thepatientinvestor.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/brent-cpi.png\",\"datePublished\":\"2014-03-27T03:11:17+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#primaryimage\",\"url\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/brent-cpi.png\",\"contentUrl\":\"https:\/\/www.incrediblecharts.com\/images\/2014\/brent-cpi.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/thepatientinvestor.com\/index.php\/2014\/03\/26\/depleting-putins-war-chest\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/thepatientinvestor.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Depleting Putin&#8217;s war chest\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/thepatientinvestor.com\/#website\",\"url\":\"https:\/\/thepatientinvestor.com\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. 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Oil prices at elevated levels explain Russian belligerence. 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Prices rise as demand grows during a boom but crash heavily during a recession. This is a case of elastic demand and inelastic supply, with resource-rich countries reluctant to cut production as they are overly dependent on\u2026","rel":"","context":"In &quot;Copper&quot;","block_context":{"text":"Copper","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/copper\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":11949,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/06\/17\/crude-where-next\/","url_meta":{"origin":9572,"position":1},"title":"Crude: Where next?","author":"ColinTwiggs","date":"June 17, 2015","format":false,"excerpt":"Nymex Light Crude plotted against CPI gives an historical perspective on current crude prices: high prior to China's entry into the global energy market, but low relative to prices since then. Expect strong support at the 2008 low. Has fracking permanently suppressed oil prices, or will production dwindle over time\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-06-18-crude-cpi.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":10569,"url":"https:\/\/thepatientinvestor.com\/index.php\/2014\/08\/07\/falling-crude-prices-are-good-news\/","url_meta":{"origin":9572,"position":2},"title":"Falling crude prices are good news","author":"ColinTwiggs","date":"August 7, 2014","format":false,"excerpt":"Crude oil prices are falling sharply. Nymex Light Crude broke support at $98\/barrel and Brent Crude is testing support at $104. Breach of that support level would confirm a primary down-trend. The theory has been bandied about that lower crude prices are a Barack Obama strategy to deter Vladimir Putin\u2026","rel":"","context":"In &quot;Commodities&quot;","block_context":{"text":"Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/commodities-gold-commodities\/"},"img":{"alt_text":"Nymex WTI Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-07-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-07-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2014\/2014-08-07-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":50117,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/03\/18\/us-gasoline-prices-consumer-sentiment\/","url_meta":{"origin":9572,"position":3},"title":"US gasoline prices &#038; consumer sentiment","author":"Colin Twiggs","date":"March 18, 2024","format":false,"excerpt":"There is a historic link between US gasoline prices and consumer sentiment. The March University of Michigan survey shows consumer sentiment is rising, with the 3-month average at 77.5. Roughly mid-way between peaks and troughs over the past sixty years. But real retail sales also dipped below their long-term trend\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"University of Michigan: Consumer Sentiment","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-18-uom-sentiment.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-18-uom-sentiment.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-03-18-uom-sentiment.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":11596,"url":"https:\/\/thepatientinvestor.com\/index.php\/2015\/03\/05\/crude-in-contango\/","url_meta":{"origin":9572,"position":4},"title":"Crude in contango","author":"ColinTwiggs","date":"March 5, 2015","format":false,"excerpt":"Nymex WTI Light Crude is testing resistance at $54\/barrel, while Brent Crude is at $62\/barrel. WTI above $54\/barrel would signal a bear market rally, but is likely to leave the primary trend unaltered. Breach of support at $45\/barrel would signal another decline. The crude oil market is in contango, with\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"Nymex WTI Light Crude and Brent Crude","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2015\/2015-03-05-crude.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":3756,"url":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/08\/brent-crude-headed-for-145\/","url_meta":{"origin":9572,"position":5},"title":"Brent crude headed for $145","author":"ColinTwiggs","date":"March 8, 2012","format":false,"excerpt":"The long-term, monthly chart shows Brent crude testing resistance at $125\/barrel. Breakout would signal an advance to the 2008 high of $145. With 63-day Twiggs Money Flow (above zero) flagging a primary up-trend, respect of resistance is unlikely but would indicate another test of the rising green trendline, above $110.\u2026","rel":"","context":"In &quot;Gold &amp; Commodities&quot;","block_context":{"text":"Gold &amp; Commodities","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=9572"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/9572\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=9572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=9572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=9572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}