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Opinion: Is Russia Plotting To Bring Down OPEC?

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Putin has highlighted on various occasions the contribution Russia’s mineral wealth, in particular oil and natural gas, must make for Russia to be able to sustain economic growth, promote industrial development, catch up with the developed economies, and modernize Russia’s military and military industry. percent of GDP in 2014.

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Opinion: Who Will Be Left Standing At The End Of The Oil War?

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Saudi Arabia and Kuwait enjoy some of the lowest production costs in the world, at about $10 and $8.50, respectively, according to Rystad Energy data. Article Source: [link]. OPEC governments downsize their budgets, cut social spending and put big projects on hold to lower the breakeven price. So the breakeven is elusive.

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The Real Reason for USA based Economic Recessions.

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This article will also show how the price of oil contributed to the current housing crisis as well but the responsibility of that problem has other root causes that will not be discussed here. Later on in this article you will see what the economic side effects are to this course of action. t stop the economy.

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