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Thread: Russia dependent on oil and gas exports

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    Russia dependent on oil and gas exports

    https://newrepublic.com/article/1188...-total-exports


    as you can see by the graph Russians economic stability is limited by a dependence on oil and ng exports. and not much else. they are not diversified like the USA .plus they have a GDP that poor about 1/24th of the usa.

    as oil becomes cheaper they will suffer a down tern, also as green energy expands it will affect their limited GDP.

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    Quote Originally Posted by bulletbob View Post
    https://newrepublic.com/article/1188...-total-exports as you can see by the graph Russians economic stability is limited by a dependence on oil and ng exports. and not much else. they are not diversified like the USA .plus they have a GDP that poor about 1/24th of the usa. as oil becomes cheaper they will suffer a down tern, also as green energy expands it will affect their limited GDP.
    The US depends for more heavily on oil and gas than Russia does , for general consumption , as well as the export of petroleum products . Russia has no need to import oil or gas , just sell the stuff.....and they sell lots of it.

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    Quote Originally Posted by PJL View Post
    The US depends for more heavily on oil and gas than Russia does , for general consumption , as well as the export of petroleum products . Russia has no need to import oil or gas , just sell the stuff.....and they sell lots of it.
    Well plo this thread is about russian dependency on oil and gas as a export in case you didnt comprehend it.

    But you are right our nation has a dependency on oil gas coal etc because of our high population unlike russian dwindling population.
    Also we have a thriving lifestyle unlike russians poverty stricken people.
    We also have a huge manafacturing base unlike russia .
    With a population x2 plus of russia andca gdp 24 x plus that of russians you must expect a higher use of energy then a third world nation like russia.
    We use more oil gas and coal because we are a more developed nation with a higher standard of living and a monster sized gdp base.
    Russia has a low standard of living a pathic gdp and is dependent on the sale of oil and gas to support its pathic gdp.
    America could stop exporting oil and still get by granted it would affect our economy . but if russia stopped exporting oil it would crush the nation and bring it to its knees like a 2 dollar hooker.

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    Quote Originally Posted by PJL View Post
    The US depends for more heavily on oil and gas than Russia does , for general consumption , as well as the export of petroleum products . Russia has no need to import oil or gas , just sell the stuff.....and they sell lots of it.
    So you totally miss the point. Yes the US is dependent on oil and gas. Any modern economy is. Russia's whole economy is dependent on the EXPORT of oil and gas to fund the entire ecomony. The US economy depends on using oil and gas to run the most dynamic, diversified, innovative and productive economy in the world. Oh and the US needs to import exactly zero oil to do so.

    The US is the world leader in production of oil and gas, health care, robotics, metals, agriculture, the arts, telecommunications, aviation, construction materials, etc. etc..

    Russia leads in nothing.

    Your comparision is not valid
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    Quote Originally Posted by Admiral Ackbar View Post
    So you totally miss the point. Yes the US is dependent on oil and gas. Any modern economy is. Russia's whole economy is dependent on the EXPORT of oil and gas to fund the entire ecomony. The US economy depends on using oil and gas to run the most dynamic, diversified, innovative and productive economy in the world. Oh and the US needs to import exactly zero oil to do so. The US is the world leader in production of oil and gas, health care, robotics, metals, agriculture, the arts, telecommunications, aviation, construction materials, etc. etc.. Russia leads in nothing. Your comparision is not valid
    That's incorrect , The US imports over seventy percent of it's crude requirements......just ask Bob..(lol)....your manufacturing was pumping years ago , before the corporate sector dumped you for cheap labour in China.
    Last edited by PJL; 11-12-2019 at 11:12 AM.

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    70%? Hardly. The US imported 9.94 mbblpd in 2018 but exported 7.8 mbblpd. https://www.eia.gov/tools/faqs/faq.php?id=727&t=6

    Moreover, the US reliance on imports for consumption has fallen consistently over the past 15 years. Currently less than 25% of consumption is from imports and falling annually. The Energy Information Administration projects that U.S. import reliance for oil will continue to fall over the coming decade. https://www.americangeosciences.org/...ort-and-import

    See also: https://www.eia.gov/outlooks/aeo/pdf/aeo2019.pdf
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    Quote Originally Posted by PJL View Post
    That's incorrect , The US imports over seventy percent of it's crude requirements......just ask Bob..(lol)....your manufacturing was pumping years ago , before the corporate sector dumped you for cheap labour in China.
    Your Soviet era education is betraying you. The US is a net exporter of oil. The real issue though is the fact the Russian economy is a third world resource export economy and the US is the leading economy in producing value added goods and services. Very Very different.

    Apparently you are still coming to terms with this reality.

    https://www.cnbc.com/2019/11/12/fran...abundance.html



    • The U.S. has undergone an “unprecedented energy transformation” and is changing international energy market dynamics to such an extent that other countries are only just accepting it, according to the U.S. assistant secretary of state for energy resources.
    • The boom in energy production in the states means that in the fourth quarter of 2020, the U.S. is expected to become a net energy exporter, exporting more energy products than it imports.
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    Quote Originally Posted by Admiral Ackbar View Post
    Your Soviet era education is betraying you. The US is a net exporter of oil. The real issue though is the fact the Russian economy is a third world resource export economy and the US is the leading economy in producing value added goods and services. Very Very different. Apparently you are still coming to terms with this reality. https://www.cnbc.com/2019/11/12/fran...abundance.html
    ......Using links from CNBC is funny.....here's a non fake link :http://www.worldstopexports.com/crud...ts-by-country/

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    Quote Originally Posted by DGUtley View Post
    70%? Hardly. The US imported 9.94 mbblpd in 2018 but exported 7.8 mbblpd. https://www.eia.gov/tools/faqs/faq.php?id=727&t=6 Moreover, the US reliance on imports for consumption has fallen consistently over the past 15 years. Currently less than 25% of consumption is from imports and falling annually. The Energy Information Administration projects that U.S. import reliance for oil will continue to fall over the coming decade. https://www.americangeosciences.org/...ort-and-import See also: https://www.eia.gov/outlooks/aeo/pdf/aeo2019.pdf
    Quote Originally Posted by PJL View Post
    ......Using links from CNBC is funny.....here's a non fake link :http://www.worldstopexports.com/crud...ts-by-country/

    Even your link demonstrates that US imports have fallen 25% in the past 4 years. You're selling a false narrative here.
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    Quote Originally Posted by DGUtley View Post
    Even your link demonstrates that US imports have fallen 25% in the past 4 years. You're selling a false narrative here.
    It also demonstrates that the US imports over 70% of it's crude requirements......and shows clearly where it comes from. ( we won't talk about the fact that the two countries with the biggest oil reserves are being conveniently kept out of the market).

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