Putin the New Emperor of Oil

Russia is fast becoming the top player in oil production. Many times Russia and Saudi Arabia are neck and neck in the amount of oil that is being produced. Because, of cutbacks in the United States in oil production and OPEC cutbacks in oil production in order to stabilize prices Russia is becoming a key supplier to global economic powers such as China and India. But, not too many people are happy with Russia’s increasing intrusion into the global oil markets.

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