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Russians Divesting From Oil Production

Discussion in 'Energy, Environment, and Policy' started by TheTalkingMule, Jun 20, 2016.

  1. TheTalkingMule

    TheTalkingMule Active Member

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  2. mspohr

    mspohr Active Member

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    The faster the world can move away from fossil fuels and towards renewables, the less there will be to fight over.
     
  3. TheTalkingMule

    TheTalkingMule Active Member

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    Countries that will have nowhere near enough money to keep services anywhere near current levels:

    Russia
    Venezuela
    Brazil
    Saudi Arabia
    Kuwait/Libya/Iraq/most of ME
    Nigeria/related Africa producers
    Ecuador
    Mexico?
    Canada?

    That's a lot of potentially unruly citizens and governments seeking to appease them.
     
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  4. neroden

    neroden Happy Model S Owner

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    Mexico, Canada, and Brazil have a lot of oil, but like the US, they are not actually "petrostates"; they have fairly diversified economies.

    Turkey and Iran also have fairly diversified economies. The rest of the Middle Eastern oil states do *not*. The UAE is making an aggressive move to put their oil money into other businesses ASAP so they'll probably manage to weather the transition, but the others aren't moving fast enough, particularly Saudi Arabia.

    Russia *should* have a diversified economy; it used to; but most of the other sectors are in really sad shape at the moment.

    Nigeria, despite having lots of oil, already has essentially zero oil production due to various rebel groups who have been sabotaging the oil operations for years, so their problems are going to be quite different. :-(
     
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