Author Archives: MrRommie

Trump. Paris. Moscow.

03 Saturday Jun 2017

Posted by in Economy, Politics, Uncategorized

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I am sure a lot of people wrote something recently about the biggest idiot of a president of the United States history in relation to his (confused) backing out of Paris treaty. I didn’t expect anything else from advocate of fake news – he will be convincing you that global warming does not exist and best for you for breakfast is a bit of coal garnished with oil. Well, if you believe him, you deserve it.

I looked at those news from another angle, namely through the Russian involvement in election affair. It may be far-fetched, but maybe it is not: Russian economy survives practically only because of oil and gas reserves, not mentioning vast amounts of coal. On top of that Russia is way behind in new technologies, it would need a lot of catching up which would mean investment. Now imagine that demand for oil goes down because bunch of countries (including biggest pollutants) are now going green. Russia has a problem. No money for new technologies… and no money from oil to fill budget coffers.

And here is the catch: Trump gave Russia fantastic way out of it. Russia can now count on demand staying at least steady for a while when at the same time it can support Paris agreement. Trump is bad boy. Not so long ago Putin told the world that a group of patriotic Russian hackers may have attacked US election. Patriotic? Is this not a definition of defending interests of own country?

Strange world we live in.