When will Russia run out of oil for export?

2023-10-09 03:18:52

If production rates are not reduced and new deposits are not discovered, then in 2040

Russian Energy Minister Novak noted in 2018 that oil production in Russia, in the absence of incentives, could fall by 44% by 2035. Taking into account the coronavirus infection in 2019 and sanctions, these deadlines have shifted to 2040.

Russia has one of the highest taxes on the oil industry in the world, which makes it difficult to stimulate production.

Novak: oil production in Russia in the absence of incentives may fall by 44% by 2035

When will there be a change of the ruling elite in Russia?

2023-07-28 14:26:17

In 2024, the transition period to this change will only come.

The sanctions did not discourage the elite's aspirations to the West, but they gave rise to a desire to somehow circumvent the sanctions and quickly cancel or at least weaken part of them. The path to the West for the Russian elite remains the main one, despite the statement of insurmountable differences with the elites of the West. There is simply no other option comparable in terms of profitability. The reduction of the resource base sowed confusion in the elites and required the arbitrator to remove certain players from the number of active clans by force.

When will there be a change of the ruling elite in Russia?

A rapid large-scale purge or replacement of the elite with a new composition? What Is Putin's Choice?

When will the euro disappear?

2024-01-29 06:34:34

In 2034

There is a massive outflow of capital from Europe, which is flowing into dollar assets. Accordingly, euro positions are declining, while the dollar and yuan are strengthening. The Chinese yuan is starting to surpass the euro as a global currency. And this cannot be changed anymore.

After any member leaves the EU or if the EU collapses, the euro will be worthless to anyone. The dollar will strengthen in the short term because savings will need to be shifted to some more stable currencies. Europe will not buy American goods due to the crisis, and there will be no one to sell them to. China and Russia will not buy because of sanctions. India currently does not buy, relying on its own market. Asia also does not need American goods. The East will not buy goods in large volumes. Moreover, the dollar index is calculated based on the euro. Right now, the euro is being artificially sustained despite the crisis—it is not falling—but in the event of the EU's collapse, it will no longer be possible to hold it up.

The euro was ambushed: Why the EU currency may disappear, what fluctuations await the exchange rate and how to save savings

Why is science not needed in Russia?

2023-09-30 11:58:10

The state has no scientific tasks.

When a country is engaged in the sale of hydrocarbons, why do we need extra mouths in the form of scientists, if the money is already flowing.

Science is expensive, but near-science brings noticeably more money.

Why does no one need scientists in Russia?