Interestingly enough today’s RBC reports the Russia’s Federal Anti-monopoly Committee has started the audition of oil companies to discover possible conspiracies to jack-up the gasoline and diesel fuel prices. They will be trying to find out the causes of fuel deficits and rising prices in more than 20 regions of Russian Federation.
I can’t really believe that people are buying into this… Apparently though the ‘elected leaders’ are drinking the same cool-aid all over.
As I have mentioned just yesterday the prices are actually at the record low if you aren’t measure them with green paper issued by US Fed but rather with something tangible. Here’s a very interesting podcast discussing why it is so important to have stable measurement units.