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To: RC one
Wiki doesn't always get it right. I gave you a 2014 link that says otherwise. Regardless, what is most important is who is the biggest exporter. The Saudis are still number one.

The Russians are locked into oil revenue as there major source of income. They are subject to the ups and downs of the oil market. They are a gas station masquerading as a country. They are also a country rife with corruption.

May 2014--Russian oil output, the world's largest, slipped by 0.2 percent to 10.54 million barrels per day in April, declining for the fourth month in a row as production from new fields failed to offset a slowdown from mature deposits.

This is the longest streak of declining monthly output for years and is a negative signal for the state budget, half of whose revenues come from sales of oil and gas.

40 posted on 07/30/2014 3:17:51 PM PDT by kabar
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To: kabar

none of this is especially important. Regardless of whether they are number 1,2, or 3, they are still in a position to threaten dollar hegemony and I have to conclude that Obama’s anti-Putin rhetoric reflects this realization especially in light of the extremes we have gone to in the past to prevent lesser OPEC nations from trading their petroleum products for currencies other than dollars.


41 posted on 07/30/2014 3:23:42 PM PDT by RC one (Militarized law enforcement is just a nice way of saying martial law enforcement.)
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