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Tag Archives: Former Soviet Union
The Real Oil Extraction Limit, and How It Affects the Downslope
There is a lot of confusion about which limit we are reaching with respect to oil supply. There seems to be a huge amount of “reserves,” and oil production seems to be increasing right now, so people can’t imagine that … Continue reading
Posted in Financial Implications
Tagged collapse, economic models, Former Soviet Union, North Korea, oil investment, oil prices, Ukraine
347 Comments
How Oil Exporters Reach Financial Collapse
Recently, I explained how high oil prices can bring on financial collapse for oil importers. In this post, I’ll discuss the flip side of the situation: how oil exporters reach financial collapse. Unfortunately, we have many examples of countries that … Continue reading
Posted in Financial Implications
Tagged Egypt, financial collapse, Former Soviet Union, oil exports, oil price, Syria, Venezuela, Yemen
137 Comments
The Growing Part of the World in Charts
Some parts of the world pretty much sailed through the 2008-2009 recession, while other parts of the world had huge problems. The part that sailed through the recession is what I call the “Growing Part of the World.” I thought … Continue reading
Fall of the Soviet Union: Implications for Today
Back in the 1960s and 1970s, the country that was the “big growth story” was the Soviet Union. Its oil consumption grew by leaps and bounds. Its space program grew; its military program grew; and it became much more industrialized. But … Continue reading
World Oil Production – Looking for Clues as to What may be Ahead
If we look at a graph of historical world oil production, we see a somewhat bumpy production pattern with two major price spikes (in 2009 $)–one peaking in 1981 and one peaking in 2008. The first spike in prices occurred … Continue reading
