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Posted on 05/14/2025 9:30:04 AM PDT by marcusmaximus
Russia's supply of cheap oil is running out, another major blow for Vladimir Putin as he continues to grapple with a growing economic crisis. Businesses and consumers across the country are reeling under the effects of spiralling inflation and high interest rates.
In April, the Central Bank confirmed it would keep the key interest rate at 21% for the foreseeable future, much to the bitter disappointment of the Kremlin and business leaders. Many firms are fighting to stay afloat, as they attempt to pay back bank loans originally secured during more favourable economic times.
-snip-
Gazprom Neft CEO Alexander Dyukov said Russian energy companies were increasingly being forced to tap into so-called “hard-to-recover” oil reserves to maintain current production rates.
These are deep, complex, and geologically intractable deposits that require expensive extraction methods, advanced technology, and massive government support.
At Gazprom Neft alone, more than 60% of oil production already comes from these high-cost sources.
-snip-
Meanwhile, the Kremlin has stopped paying pensions to Russian pensioners living in the Baltic States.
(Excerpt) Read more at express.co.uk ...
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‘Cancer-stricken’ Putin HUMILIATED as planned ‘victory over Ukraine’ parade is gutted by a third after massive losses
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Posted on 3/27/2025, 7:27:35 AM by marcusmaximus
Any day now Ukraine wins.
“Kremlin has stopped paying pensions to Russian pensioners living in the Baltic States.”
Why in the world is Russia paying pensions to pensioners in the Baltic States? They left the USSR decades ago. The only exception is the Kaliningrad Oblast, the semi-exclave on the Baltic Sea, surrounded by Poland to the south and Lithuania to the north and east. But it is not part of the surrounding Baltic States.
"GDP grew 2.3% in the first quarter according to the Economic Development Ministry, accounting for the calendar factor of February. Many sectors of the economy continued to see the indicators rise in the first quarter compared to the same period last year. The most active growth in January-March was observed in the mechanical engineering industry, up 13% in output; the public catering sector demonstrated growth of 7.1%; the construction industry added 6.9%; and the chemical complex jumped 4.8%," according to the statement.
I have a hard time believing that Russia is short of oil
All while he was dealing with cancer, a heart attack, Parkinson's and severe egg and oil shortages.
No wonder he has body doubles.
Trump is the only man this century able to wean the ME oil sheiks completely away from Russia and the Chicoms. Trump has the Trump card, unleashing North American production. Along with undercutting Russian finances, American productions lessens the Saudi take as well. When Trump gets his act together with the Iranians he’ll have a hand on 75% of production.
Top 10 Oil Reserves By Country
Rank Country Oil Reserves - OPEC
1 Venezuela 303.22 Billion Barrels
2 Saudi Arabia 267.19 Billion Barrels
3 Iran 208.60 Billion Barrels
4 Canada 163.63 Billion Barrels
5 Iraq 145.02 Billion Barrels
6 United Arab Emirates 113.00 Billion Barrels
7 Kuwait 101.50 Billion Barrels
8 Russia 80.00 Billion Barrels
9 United States 55.25 Billion Barrels
10 Libya 48.36 Billion Barrels
Just like California.
“I have a hard time believing that Russia is short of oil”
The amount of a resource is not the issue. It’s how much can I spend to get that resource. We have flooded the market with non-Russian oil driving the prices so low, the Russians wind up spending more per barrel to get the oil out of the ground than what they can charge. Forces them to halt production, and their economy goes into the dumpster. That’s a big win.
“Peace! Land! Bread!”
OMG!
Logic on a Zeeper/Putler thread!
How dare you.
Super market tabloid.
If you earned your pension by working all those years, you should get it regardless of where you retire.
The reason Putin is stealing their pension money, is because he wants to create a crisis in the three countries he would eventually like to invade, which he hopes may cause the pensioners to vote a certain way in the next election.
Venezuela may have huge reserves but they’re having trouble with getting it out and refining it, as their infrastructure is degraded.
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