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 War.org 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):

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