How Stable Is the Russian Oil Industry?

Featured, Human Interest, Peter Zeihan

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.

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