Straya!

[Tyrannical]

Sounds like Iron needs an OPEC.

Iron is easier and cheaper to stockpile than oil. Easier for the customer countries to stock up while the price is low, and cut back when it rises. And the world stock of future scrap is always increasing.

Should have diversified into mining bitcoins.

You can't make steel out of middle-easterners, only oil and soap

[mistermack]

Sounds like Iron needs an OPEC.

Cartels do tend to stabilise prices and maximise profits, but they are difficult to create, and they are no panacea either. Right now OPEC in general and Saudi Arabia in particular is digging its own grave by throwing the spanner in Iran's oil sales.

In my previous post I was merely explaining why a nation's possession of natural resources does not guarantee a strong currency or economy. I hope to have enlightened you on that issue.

Yes you did. I certainly didn't know that the Iron ore market had been so volatile.
I'll see if I can find you a biscuit.

In some ways, it can be a curse. Countries get used to the inflow of foreign money during the good times, and lose the economic diversity that would have kept things buzzing when the market took a dive.
Venezuela is the classic example.
That happened to Russia too with the oil price. They have managed to improve matters a lot in recent years, and oil and gas are not so vital to their economy as they once were.
Funnily enough, sanctions have helped quite a bit, as Russia has been growing home industries to replace imports that used to come from countries that imposed sanctions.

[Hermit]

[tattuchu]

Is the kangaroo okay?

[Hermit]

Is the kangaroo okay?

Unlike the pushbike rider it landed on its feet, then kept going, so my guess is yes.

[tattuchu]

Is the kangaroo okay?

Unlike the pushbike rider it landed on its feet, then kept going, so my guess is yes.

The story has a happy ending, then

[Scot Dutchy]

Stupid cunt.

[pErvinalia]

They really are thick as shit. They'll literally speed up to match your speed, and then veer straight in front of your wheels or bullbar.

[Sean Hayden]

Like squirrels then. They routinely go out of their way to get run over. Somebody told me it was the squirrels poor eyesight. But what about their hearing? Are you telling me that if they heard a predator they'd run into its jaws because they couldn't see it? So how come when they hear a car they can't figure out where to run, why not just to nearest tree like they do every time a cat goes for it?

--there's an ignoble in this

[JimC]

Very, very tasty, kangaroo...

[Rum]

Pheasants are worse. When they see you driving towards them they run under your tyres!

[Faithfree]

Very, very tasty, kangaroo...

One should never waste a macropod tenderised by a roo bar.

[tattuchu]

Peasants are worse. When they see you driving towards them they run under your tyres!

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[laklak]

I've only had kangaroo once but it was quite tasty. Its prohibitively expensive here, like ostrich.

[Scot Dutchy]

I've only had kangaroo once but it was quite tasty. Its prohibitively expensive here, like ostrich.

The ostrich fad has finally died. It was selling cheaper than chicken. It was organic but the farms grew far too fast.