Is russia running out of gas?

Discussion in 'Economy' started by Baruch Menachem, Sep 14, 2010.

  1. Baruch Menachem
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    Baruch Menachem '

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    Russia is a major world supplier of oil and gas and has been for a long time.

    Ordinarily, this question wouldn't come up, but I was cruising the internet, and I noticed a long discussion on Russain TV about Oil and gas resources, and articles where Putin is
    re assuring everyone that Russia is not running out
    suddenly makes me worry.

    Putin is not that well known for his veracity.

    And the russian evening news spent 10 minutes on the story that Russia is NOT running out of gas.

    So it might be a good idea to get that hyper efficaint electric car now, rather than wait for later when gas goes up to $8 per gallon.
     
  2. topspin
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    topspin BANNED

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    Russia will never run out, but they are short of people who understand the profit motive and engineers to get it done for sure.
     
  3. william the wie
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    william the wie Gold Member

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    Russia also mismanages oil field use.
     
  4. Baruch Menachem
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    Baruch Menachem '

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    The way Putin and the news put such total emphasis on it is what made me worry.

    You don't swear something unless you are pretty sure it is a likelihood.
     
  5. loosecannon
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    loosecannon Senior Member

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    They also market their oil/gas like the former soviet union did.
     
  6. Mr. H.
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    Mr. H. Diamond Member

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