| Kasz216 said: Shows how much you've been paying attention. That quote was from said article. |
And what do you mean by that?
| Kasz216 said: Also no. Oil production growth slowed in 2004 essentially stanganting in growth rate. Right after russia taking over and it stagnated by 2005.
|
Oh, pretty picture :D Picture wars!
Let's see bigger picture. Russian oil production yearly (note the 1990s gap):
Source: Rosstat + historical trend
World oil production yearly:
Source: BP Statistical Review of World Energy 2011
OMG, what we see here? The oil production has stagnated because Putin nationalized oil industry all over the world :D Seriously speaking though, it perfectly follows world trend (well, except for 1990s gap, lol) with minor negative growth in 2008-2009 (should I explain the reasons why 2008 or that's obvious without my explanations I hope?).
Kaz, now you just being stupid. Stop it! ;D
P.S.:
| Kasz216 said:
...espiecally when Russia has plenty of untapped oil. |
True, but do you know what're production costs of this oil? Well, when it's ~$300 then maybe it might worth the effort :D
