Putin: Global Economy Will Collapse if Oil Prices Remain at $80 per Barrel

October 17, 2014 5:45 PM

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MILAN, October 17 (RIA Novosti) – Russian President Vladimir Putin said Friday that world economy will collapse if oil prices remain at $80 per barrel.

Shale oil production in the United States is profitable at a price of $80 per barrel, according to Putin.

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