Norway’s oil deals helped empower Putin. It must learn from its mistakes
We believe that Europe enabled Russia’s descent into fascism. Norway, too, played a role in this.
We believe that Europe enabled Russia’s descent into fascism. Norway, too, played a role in this.
A bipartisan group of senators, led by Lisa Murkowski (R-AK) and Joe Manchin (D-WV), have proposed legislation to stop US importation of Russian oil.
I believe that the Saudis and the Russians are trying again to destroy the shale oil industry in the United States with their dance of uncertainty. As of this writing, the world has been told that the Saudis’ on-again, off-again fight with the Russians is off-again resulting in a new deal to cut production.
Supporters of America’s new get-tough foreign policy are touting the country’s emerging “oil weapon” wrought from increasing production in the shale oil fields of Texas and other states. The rise of oil imports from Russia is just one sign that those supporters have the situation completely wrong.
Complex structures, such as states and empires, are always prone to collapse and they usually give little or no previous warnings.
One doesn’t hear much discussion of these foreign policy issues in Russia. What one hears discussed instead is how best to handle the acute budgetary shortfall that the Russian state is facing.
The standard way to make forecasts of almost anything is to look at recent trends and assume that this trend will continue, at least for the next several years.