I would not want to be in the oil industry right now in Russia. Putin has been expressing dissatisfaction in the way the oil industry is responding to the government calls to get their (oil industry) act together…
Putin noted that while oil extraction increased by as much as 28.7 percent in the past year, the volume of gasoline available for domestic consumption decreased by 20 percent. “Where did all the crude go?” Putin asked rhetorically before giving the obvious answer: “It was shipped overseas for refinement.” Putin said it was regrettable that most of the domestic oil companies “have not fulfilled their obligations to increase crude-oil refining capacity even while taking full advantage of state benefits.” “Remember that you are working in the Russian Federation. The mineral resources that you use remain the property of the Russian people,” Putin said. Read More >>>
Heads are going to roll in the oil industry in Russia. I wrote several articles about this and Putin has given several warnings. It looks like time is up and three strikes you are out…
I have mentioned also about how Putin looks at Russia and her people. The last statement by Putin says it all…
“Remember that you are working in the Russian Federation. The mineral resources that you use remain the property of the Russian people,” Putin said…
As Sveta would say: “That is just right…”
Windows to Russia!