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But Russia and these middle eastern countries are not on the same level. In my opinion, the end of oil will hurt Russia but won't destroy it. It has the will, a
by ilstormcloud 6y ago
But Russia and these middle eastern countries are not on the same level. In my opinion, the end of oil will hurt Russia but won't destroy it. It has the will, and know how to do whatever is needed. Some of the middle eastern petro state on the other hand are family businesses masquerading as nation states; and they were able to keep that up only because of oil. Once that dries up, there's going to be interesting times ahead.