Thread: What do we earn from selling oil?

Originally Posted by Crocodile

Can you give an example? If, as you said, "it's difficult to be practical in Russia" how do you envision that happening?

For example petrol instead crude oil. I don't envision what could happen, I just gave a thought that increasing spending of oil money won't help that ways as you suggested.
Now things often that it's not profitable to build an infrastructure to produce a product in Russia as anyway the same product could be imported from China 2 time cheaper and not worse in quality. And the kind of infrastructure they often build is final assembling of imported details.

Originally Posted by Romik

For example petrol instead crude oil.

Ok, so you call the petrol a "released product" and not "raw material." (I'm not arguing about definitions, I'm just accepting what you said for the time being.) So, what do you think stops Russia from exporting petrol?

Originally Posted by Crocodile

Ok, so you call the petrol a "released product" and not "raw material." (I'm not arguing about definitions, I'm just accepting what you said for the time being.) So, what do you think stops Russia from exporting petrol?

Well, I really don't know, there are a lot of things I don't understand. Now they involve BP to rig the Arctic that has just smeared the US shores.

Originally Posted by Romik

Well, I really don't know, there are a lot of things I don't understand. Now they involve BP to rig the Arctic that has just smeared the US shores.

Well, perhaps the BP presented them with a better откат rate of the successful vs. the unsuccessful sea-floor drilling projects. But, let's leave the BP out of scope for now. What is the bottom line in our discussion? So far you were unable to provide an example what else Russia could export to diversify its income, in addition to the energy carriers. So, let's assume for now that is the only export available in the near future. So, what would you suggest doing with the oil money?