LNR One Week Ahead of the Competition-again.

LNR wrote our story , more than 10 days ago !!
Saturday, October 11, 2008

Poof ! With the Collapse in Oil Prices- So Goes Russia's Power
Oil prices are collapsing as the markets anticipate lower consumption of oil because of the financial crisis and coming world recession. Hence, a projected long-term downward pressure on oil prices for the next 24 months at least. This, coupled with the recent financial meltdown, is going to put the Russian Bear back in his cave for another hibernation.

LNR’s story already told you back on October 11th that collapsing oil prices was going to stop Russia in its tracks regarding its aggressive behavior and attempt to regain superpower status.
So, as usual, the mainstream media is more than a week behind us- as only today, the New York Times reports:

Oil-Rich Countries Face a Reckoning
By SIMON ROMERO, MICHAEL SLACKMAN and CLIFFORD J. LEVY
Published: October 20, 2008
CARACAS, Venezuela — As the price of oil roared to ever higher levels in recent years, the leaders of Venezuela, Iran and Russia muscled their way onto the world stage, using checkbook diplomacy and, on occasion, intimidation. Now, plummeting oil prices are raising questions about whether the countries can sustain their spending — and their bids to challenge United States hegemony
Simon Romero reported from Caracas; Michael Slackman from Amman, Jordan; and Clifford J. Levy from Moscow. María Eugenia Díaz contributed reporting from Caracas, and Nazila Fathi from Tehran

So does it take a guy from Caracas, a guy in Amman Jordan, and three other people to tell you what LNR told you 10 days ago !! New York Times struggling to keep up with LNR !