Green Car Congress

OCTOBER 6, 2015

Energy is the foundation of Russia, its economy, its government, and its political system. According to the IMF’s 2015 Article IV Consultation-Press Release and Staff Report , published August 3, oil and natural gas exports constituted 65 percent of exports, 52 percent of the Federal government budget, and 14.5 billion respectively).

Russia 150

Russia Saudi Arabia Iran Iraq 150

Green Car Congress

OCTOBER 20, 2015

Venezuela, an OPEC member, has even proposed an emergency summit meeting. This apparent bravado notwithstanding, the two countries’ entry into the low-price Crudedome is ravaging their economies. Breaking the peg would devastate the Saudi economy. IMF WEO Data: Recessions as far as the Eyes can See. percent growth in Q1.

Russia 150

Russia Oil Saudi Arabia Market 150

Green Car Congress

JULY 28, 2018

The dollar has gained more than 8 percent against the Chinese currency since March. This really shows the folly of waging trade war,” said Zhang Bin, an economist at the Chinese Academy of Social Sciences, told the FT. The oil supply outages in Venezuela, Libya and Iran could yet drive oil prices much higher.

Oil Prices 170

Oil Prices Oil Price South Africa 170