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Can Russia Break Its Oil Dependence?

A forum for discussion of regional topics including oil depletion but also government, society, and the future.

Can Russia Break Its Oil Dependence?

Unread postby AdamB » Sun 19 Nov 2017, 11:09:41

Despite improving oil prices, Russia’s economic growth is slowing, with GDP rise for the third quarter at 1.8 percent on an annual basis, versus 2.5 percent for the second quarter, Russia’s state statistical bureau, Rosstat, said earlier this week. Analysts say it’s the latest indication that Russia’s economy needs major reforms.

Let’s state the obvious: Russia needs an economy overhaul that will reduce the contribution of oil to its budget revenues. This overhaul is something that the central bank governor Elvira Nabiulina put a price tag on last year, warning that without it, GDP won’t be able to grow at a rate of more than two percent even if oil prices jump to $100 a barrel.

Can Russia Break Its Oil Dependence?
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Re: Can Russia Break Its Oil Dependence?

Unread postby Tanada » Mon 20 Nov 2017, 13:20:23

Sure, lets just ignore reality again and not give any credence to the fact that Russia is resource rich, able to easily feed itself and provide clothing, shelter and all other true necessities for itself. Oil revenue is the cream on the gallon of milk, not the whole thing, and pretending otherwise is the only way to claim Russia is suffering.
I should be able to change a diaper, plan an invasion, butcher a hog, design a building, write, balance accounts, build a wall, comfort the dying, take orders, give orders, cooperate, act alone, solve equations, pitch manure, program a computer, cook, fight efficiently, die gallantly. Specialization is for insects.
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Re: Can Russia Break Its Oil Dependence?

Unread postby dirtyharry » Mon 20 Nov 2017, 14:38:30

100% correct ,Tanada . I forget exactly what the SOB Rumsfield said about fighting a war with the army you have etc etc . The energy resources of Russia is it s strength and that is where you fight the battle .You fight a battle from the high ground to win ,so says Sun Tsu the great Chinese warrior . Read ^The Art of War^ by Sun Tsu ,a masterpiece in strategy .
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Re: Can Russia Break Its Oil Dependence?

Unread postby asg70 » Mon 20 Nov 2017, 16:34:22

pstarr wrote:Can we break our oil dependence?

Can you break your oil dependence?

Got EV?

-I'm glad Trump is in there now. I think we'll have a vaccine in a couple of months. (mmasters, 3/17/20)

-Short welched on a bet and should be shunned.
-Frequent-flyers should not cry crocodile-tears over climate-change.
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Re: Can Russia Break Its Oil Dependence?

Unread postby dissident » Tue 21 Nov 2017, 21:12:04

Some facts that break the propaganda drivel: ... s-warfare/

- Oil and gas industries account for less than 10% of Russia's GDP (10% includes mineral extraction).

- 17% of the consolidated national budget is based on oil and gas exports.

- Idiots who look at the composition of Russia's exports to judge its level of diversification need to be laughed out of the room:
Russia has one of the lowest import rates on the planet because it manufactures what it needs domestically. An oil based
banana republic would be importing everything aside from oil.
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