In Background, Russia
Major oil and gas basins of Russia, image by Oil and Gas Journal

Major oil and gas basins of Russia, image by Oil and Gas Journal

Dec. 9, 2014

Marxist economist Michael Roberts has written an analysis of the origin of the declining price of oil and its significance for the world economy. His essay focuses on one of the national economies that is hardest hit: Russia. You can read his essay here on his website ‘Michael Roberts Blog’.

–New Cold editors

See also a two-part interview on the same subject that was broadcast on The Real News Network Dec. 8 and 9, 2014 with Dr. Thomas W. O’Donnell, an expert in the political economy and geopolitics of the global energy sector, especially petroleum. He is currently a visiting professor at the JFK Institute of the Freie Universitat-Berlin (Free University of Berlin):


EDITOR’S NOTE: We remind our readers that publication of articles on our site does not mean that we agree with what is written. Our policy is to publish anything which we consider of interest, so as to assist our readers in forming their opinions. Sometimes we even publish articles with which we totally disagree, since we believe it is important for our readers to be informed on as wide a spectrum of views as possible.

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