That's right - his economy is leaking because world oil prices are down because of massive new oil competition from the U.S. and Canada. The Saudis have decided to keep prices down to effectively compete with the new North American oil colossus and this leaves place like Russia, Iran and Venezuela sucking air. Aw, too bad - couldn't happen to a nicer bunch. May they crash and burn! And incidentally, any U.S. politician that tries to interfere with this Western renaissance is either a fool or on the payroll of one of these bad guys and, knowing politicians, my guess would be the latter however they gussy it up with green trimmings.
townhall.com/columnists/austinbay/2014/12/03/putins-kemlin-losing-the-oil-price-war--and-thats-good-n1926549
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