The End of Russian Oil This newsletter is an adapted excerpt from Peter’s upcoming book, The End of the World is Just the Beginning. Think the Europeans will need to get by without Russian crude? You are 100% correct. But you are not thinking anywhere near big enough. Most of Russia’s oil fields are both old and extraordinarily remote from Russia’s customers. Fields in the North Caucasus are either tapped out or were never refurbished in the aftermath of the Chechen Wars, those of Russia’s Tatarstan and Bashkortostan provinces are well past their peak, and even western Siberian fields have...