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Thread: Russia dependent on oil and gas exports

  1. #11

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    DGUtley's Avatar tPF Moderator
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    Quote Originally Posted by PJL View Post
    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).
    Then it's wrong. I gave you the links. 25% of consumption is imported.

    Oh, we can talk about it all day -- call Iran and tell them to put it all on the table and we'll gladly welcome them to the community of nations.
    Any time you give a man something he doesn't earn, you cheapen him. Our kids earn what they get, and that includes respect. -- Woody Hayes​

  2. #12

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    Admiral Ackbar's Avatar tPF Moderator
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    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/
    Comarade I know English is not your first languge so lets talk.

    First here is a link showing the number one producer in the world is the US
    http://worldpopulationreview.com/cou...ing-countries/

    Due to geography/locations of refineries etc.. the US exports oil while at the same time importing. The issue is the net, which in this case is zero.

    Secondly being dependent on oil imports to run your economy is different than having an economy based on exporting.

    Economies that are merly resource providers are unstable and weak and dependent upon the cost/price of that commodity.

    Resource export dependent economies are very shaky. Russia is such an economy.

    The US is the worlds most diverse and balance economy and can withstand price movements etc..due to its overall diversity of economic activity.
    "Don't piss down my back and tell me it's raining"----Fletcher in The Outlaw Josey Wales

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    bulletbob's Avatar Senior Member
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    Plo will never admit hes wrong

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    Russians long term economic health cannot surive indefinitely relying on oil and ng production. It limits its gdp to the 2 products supply and use and
    Job creation.
    I recall there being electronic repair shops and shoe repair shops. Both are rare to find today

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