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To: Zhang Fei

Yep, that you have cited is one of many opinions. Everybody interprets facts according to own bias. For me the facts are important and the opinions not so much. Also it is not 2013 now and not only the already miniscule role of oil in total Russian economy reduced but also its role in government budget too.
I wonder what would be the same graphic for the Saudis.


33 posted on 03/11/2020 2:21:08 AM PDT by NorseViking
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To: NorseViking

[Also it is not 2013 now and not only the already miniscule role of oil in total Russian economy reduced but also its role in government budget too.]


The budget revenue role remains substantial. $110b is 2019.

https://www.statista.com/statistics/1028682/russia-federal-budget-oil-and-gas-revenue/

That’s about 1/3 of the 2020 budget of $329b

https://www.rbth.com/business/331534-russian-budget-2020


[I wonder what would be the same graphic for the Saudis.]

Oil revenues are 50% of the Saudi budget, about $136b in 2020. This is where that $10 per barrel cost advantage comes in handy.

https://www.reuters.com/article/us-saudi-budget-highlights/highlights-saudi-arabia-releases-272-billion-budget-for-2020-idUSKBN1YD1UG


34 posted on 03/11/2020 2:37:19 AM PDT by Zhang Fei (My dad had a Delta 88. That was a car. It was like driving your living room.)
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