Thread: What do we earn from selling oil?

If I'm missing "a lot of points" please mention at least three. Sounds fair?

First, I do not suggest to completely stop to sell oil in one moment.
Second, "everything is more expensive" at this time, once withdrawn a part of that money, "everything" will be somewhat cheaper.
Third, that what is just 'saved' is a bit, the budget has been deficit from the time the crisis started, mostly the money just eaten away on things many of which Russia could produce itself and spent on things that make "everything is more expensive".

Let me be more specific. So, what do you propose to sell right now? If that is not oil, than what?

Right now I'd propose to reduce selling oil by 20%, to lessen the government costs with the exception of public-sector ones like of schools, hospitals, pensions.

Originally Posted by Romik

First, I do not suggest to completely stop to sell oil in one moment.
Second, "everything is more expensive" at this time, once withdrawn a part of that money, "everything" will be somewhat cheaper.
Third, that what is just 'saved' is a bit, the budget has been deficit from the time the crisis started, mostly the money just eaten away on things many of which Russia could produce itself and spent on things that make "everything is more expensive".

To be honest, I didn't get the second and the third point, but I guess it's time for me to just let it go.

Originally Posted by Romik

Right now I'd propose to reduce selling oil by 20%, to lessen the government costs with the exception of public-sector ones like of schools, hospitals, pensions.

Do you know what would happen with the world oil prices if Russia would officially announce it's cutting the oil sales by 20%???? The prices will jump so much that Russia would make more money will the remaining 80% than it previously did with the 100%. The OPEC would have a very difficult dilemma: should it increase the sales of its oil or keep it the same? The cost of transportation would hike and consequently the prices of all goods fueling another economical world mini-crisis. Russia would feel that too. I'm not sure you really thought your suggestion through. Also, I'm not sure what does it practically mean "lessen the government cost". Does it mean the budget cut? If yes, you can't usually tell the government they could be 20% more efficient just like that and cut their budget, so it's the schools, the hospitals and the pension beneficiaries which would feel that cut, not the government officials who might even get the increase and not ambitious and expensive government project which are meant to launder money. But, again, I feel like this conversation is unproductive and is going nowhere, so I would just let it go.