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So what's your point that the Russian economy didn't benefit from crude at $150 a barrel? Why don't you look at capacity and correlate that to the involvement o
by hourislate 10y ago
So what's your point that the Russian economy didn't benefit from crude at $150 a barrel? Why don't you look at capacity and correlate that to the involvement of the west after the fall of CCCP? It doubled with western help and peaked in 2013 -2014 and is in decline again. Russia still can't drill deep water and they lack a lot of other drilling technical know how.
Where did Russia get it's reserves from? Manufacturing? What do they even make that they can export? So I stand by the fact that the Russian economy would have collapsed again (3rd time in 25 years) if it weren't for $150 a barrel crude.
But it is on its way for another collapse if crude stays below $80-100 a barrel. Unless of course Donald can help out his buddy Vlad.
- finid 10y agoEverybody benefited from that sharp increase in the price of crude, but "western tech and know how" was not the cause.