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#oil

40 posts33 participants7 posts today

Even before the past month's #oil crash, the Russian budget was facing catastrophe.

#Trump just sealed the deal.

With #inflation at 10.4%, budget revenues in March grew by only 0.3% y/y
In January-24, budget revenue growth was +77%
In mid-2024, the revenue growth rate dropped to 30-40%
At the beginning of 2025, growth was +11%, then +2%, and now 0%
Collapse

Hard times ahead for the #Russian terrorist state.

Opinion: Will pumping out more #oil really save Canada from Trump? - The Globe and Mail theglobeandmail.com/business/c “Spending tens of billions to prop up the oil and gas sector isn’t innovation, it’s the status quo.

And resurrecting moribund #pipeline projects that can’t stand on their own legs is in no one’s best interest: it’s throwing good money after bad.”

The Globe and Mail · Will pumping out more oil really save Canada from Trump?By Taylor C. Noakes