Sunday, February 22, 2015

Ukraine Realpolitic, A Concise Summary

The commentator's valuation of Novorossiya's resources is crazy, e.g., coal at $100 per ton. Russia sells mined coal for $30.00 per ton so the value of the resource in the ground, which is expensive to mine in Donbas, is probably only a dollar or two per ton, not one hundred. Likewise, oil and gas resource values are greatly overstated. The political evaluation, however, makes good sense. Via the Saker

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