Russia's Oil & Gas Industry is in big trouble
Posted: Mon Feb 27, 2023 11:35 am
Watch this 30 minute interview: https://www.youtube.com/watch?v=QU0resswOds
The impact of the war on Russia's oil & gas industry near the last 10 minutes. My Take is that the damage being done to the Russian oil industry by the large-caps like BP and Shell pulling out of Russia will make it difficult if not impossible for them to get oil & gas production back to pre-war levels. Without Russian oil, OPEC+ will have very little chance of increasing the world's oil supply.
The impact of the war on Russia's oil & gas industry near the last 10 minutes. My Take is that the damage being done to the Russian oil industry by the large-caps like BP and Shell pulling out of Russia will make it difficult if not impossible for them to get oil & gas production back to pre-war levels. Without Russian oil, OPEC+ will have very little chance of increasing the world's oil supply.