Don’t Panic! Russia Boosting Oil Production Good For the Country, Officials Say. Except It’s Not

Russia is flexing muscles it does not have. Russians are used to pain so their backs are hard and can take a beating. But that does not last forever. Saudis are way more coddled and will raise a stink much faster, but the Saudi state has way more table silver to play with. I think Russia is going to blink. For shale its an issue to hunker down until the storm is over.

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