The big news from the weekend is that Russia announced a plan to cut 500,000 b/d (barrels per day) of oil production. This accounts for about .5% of global supply and roughly 10% of Russian oil exports.

Once Russia starts shutting down their oil wells because of reduced pumping, they will be extremely difficult to get back in production.

Watch this video to find out from Peter Zeihan what this might mean for us and Russia.

Here at Zeihan On Geopolitics we select a single charity to sponsor.

We have two criteria:
 
First, we look across the world and use our skill sets to identify where the needs are most acute.

Second, we look for an institution with preexisting networks for both materials gathering and aid distribution. That way we know every cent of our donation is not simply going directly to where help is needed most, but our donations serve as a force multiplier for a system already in existence. Then we give what we can.
 
Today, our chosen charity is a group called Medshare, which provides emergency medical services to communities in need, with a very heavy emphasis on locations facing acute crises. Medshare operates right in the thick of it. Until future notice, every cent we earn from every book we sell in every format through every retailer is going to Medshare’s Ukraine fund.
 
And then there’s you.

For more information about Peter, go to https://zeihan.com/