Military Review

American Press: The Age of "Magic ATMs" of the Gulf Countries May Come to an End

97

The American press published material on the situation on the oil market. In particular, we are talking about large exporting countries of "black gold".


In the Bloomberg material, the author writes that a strange trend has been identified in recent years. From the article:

It seems that for most of the world, having large oil reserves is a curse. There are countries in which huge reserves of hydrocarbons, but this often weakly affects the welfare of their citizens.

Bloomberg cites countries such as Angola, Kazakhstan, Nigeria, Mexico, Venezuela.

At the same time, the author notes that other countries used the presence of oil for rapid development. The main example is the Gulf countries.

From the article:

Qatar, Kuwait and the United Arab Emirates are already richer than Switzerland. Saudi Arabia, Bahrain and Oman are on the same level with Japan or Great Britain.

Moreover, the author says that the "oil curse" is already beginning to spread to prosperous countries. It is noted that the same Saudi Arabia national reserves in the period of low oil prices (2014-2018) fell by several hundred billion dollars.

From the article:

With oil prices above $ 100 per barrel, Riyadh's reserves reached 50% of GDP. By 2018, only 10 percent of the percent of GDP remained from them. If prices do not go up in the near future, the kingdom will have to go into debt.

The author writes that the “oil curse” can be overcome only in one case: to make serious changes in the economic plan, including changes in the understanding of the situation by the monarchies of the Persian Gulf.

Author:

The era in which the Gulf states and their sovereign wealth funds were magical ATMs, ready to pay the highest price for the purchase of assets on all continents, may come to an end.
Photos used:
Flickr / bp
97 comments
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  1. rocket757
    rocket757 23 March 2020 08: 21 New
    +2
    The author writes that the “oil curse” can be overcome only in one case: to make serious changes in the economic plan, including changes in the understanding of the situation by the monarchies of the Persian Gulf.

    Those who didn’t have time, that’s all the bumps .... and the rest will somehow survive.
    1. The comment was deleted.
      1. rocket757
        rocket757 23 March 2020 10: 47 New
        17
        Quote: Insults
        Well, at least they will lag behind Russia a bit and let them breathe calmly ..

        They will never leave Russia behind!
        1. The comment was deleted.
          1. rocket757
            rocket757 23 March 2020 11: 55 New
            +2
            No, no, catch up and overtake, bury and catch ... everything else has already passed! Road to nowhere. It is necessary to develop normally and make a country for people, and not vice versa.
            1. The comment was deleted.
              1. rocket757
                rocket757 23 March 2020 12: 06 New
                +3
                Quote: Insults
                So they don’t give it?

                It will always be so, but this is not a reason not to do it right.
        2. FANTOMAS.
          FANTOMAS. 23 March 2020 14: 45 New
          -3
          This is of course tin.
    2. Crimean partisan 1974
      Crimean partisan 1974 23 March 2020 12: 19 New
      +3
      Those who didn’t have time, all the cones ....... cedar cones the product is very profitable, the conclusion is that we have the most pine cones in the world
      1. rocket757
        rocket757 23 March 2020 12: 31 New
        0
        On nuts, in the first place, bye ... but it too can end, Suddenly!
        1. Crimean partisan 1974
          Crimean partisan 1974 23 March 2020 12: 35 New
          +1
          but it too can end, SUDDENLY! .... no, don't end. cones are our everything, for cones any Berlin
          1. 30143
            30143 24 March 2020 20: 43 New
            +1
            And if the tax is imposed on the collection of nuts?
            1. Crimean partisan 1974
              Crimean partisan 1974 25 March 2020 09: 28 New
              +2
              And if the tax is imposed on the collection of nuts? ... then you look at the collection of all natural gifts, taxes will be introduced, and since there are sales taxes, I’m not an economist, but I believe that sales taxes are the same and not selective
        2. Grits
          Grits 23 March 2020 13: 18 New
          +5
          Quote: rocket757
          On nuts, in the first place, bye ... but this too can end, VRAU

          Unfortunately, here we are not ahead of the rest.

          Walnut - USA
          Brazil Nut - Bolivia
          Pistachios - Iran
          Almonds - USA
          Hazelnuts - Turkey
          Pecan - USA
          Peanuts - China
          Coconut - Philippines
          Cashew - Vietnam
          Macadamia - Australia
          Nutmeg - Indonesia
          Pine Nut - Russia (finally!)
          1. rocket757
            rocket757 23 March 2020 13: 36 New
            +1
            Quote: Gritsa
            Pine nut - Russia (well, finally!)

            They talked about him.
            By the way, the counting is strange. We, for example, have walnuts heaped ... not everyone collects, even ... but the crows are fed!
            1. Grits
              Grits 24 March 2020 02: 58 New
              +1
              Quote: rocket757
              We, for example, have walnuts heaped ... not everyone collects, even ... but the crows are fed!

              And here (Primorye), once every 4 years, pine nuts are piled up. From Korean cedar (it has cones and seeds much larger than Siberian). Collect it massively, I myself participate in this. Since it is a very good income. But, naturally, in those places where it’s hard to get there, where there are no roads, it remains for millions of tons. But this is also correct. Since it is a food supply for rodents, for birds, for bears and wild boars. , respectively, for predators like a tiger.
          2. Rzzz
            Rzzz 23 March 2020 20: 00 New
            -7
            By the way, cedars practically do not grow in Russia. Only in Sochi seems to be a bit. Where do we get pine nuts from? (By the way, they are inedible)
            1. Siberian54
              Siberian54 23 March 2020 21: 32 New
              +1
              ???????????? Where do they grow cedars then ??? The hunter needs two handfuls of walnuts for an active winter day (usually -35-45 degrees), skiing for about 40-50 kilometers, remove \ set up to two hundred traps
              1. Rzzz
                Rzzz 24 March 2020 18: 43 New
                0
                Cedars - in Lebanon mainly. Well, neighboring countries, Syria, Turkey, Israel.
                What is growing in Siberia is such a Pine.
                1. Siberian54
                  Siberian54 25 March 2020 03: 16 New
                  0
                  Good girl, take the candy! Cedar pine is called .. CEDAR
            2. The comment was deleted.
            3. Grits
              Grits 24 March 2020 02: 54 New
              +1
              Quote: rzzz
              By the way, cedars practically do not grow in Russia. Only in Sochi seems to be a bit. Where do we get pine nuts from? (By the way, they are inedible)

              To be completely honest, yes. The cedar that we grow, botanists classify as cedar pine At least Siberian cedar, at least Korean cedar
        3. Chaldon48
          Chaldon48 23 March 2020 23: 56 New
          +3
          The Chinese will cut down kedrach, and our lush well-being will end
          1. Siberian54
            Siberian54 25 March 2020 03: 18 New
            0
            The Liberasts did not have time to repeal the Soviet law on the protection of cedar, so the cedar forests have not yet cut down everything ..
    3. venik
      venik 23 March 2020 17: 24 New
      +4
      Quote: rocket757
      Those who didn’t have time, that’s all the bumps .... and the rest will somehow survive.

      ========
      That is not the question! There are countries that "sit on the oil needle" - i.e. ALL revenues from the oil business are allowed on their own enrichment.... This is the easiest and MOST ATTRACTIVE way (rentier country) .....
      And there are countries that use the revenues from the oil business as a “tool”, and not only for creating foreign exchange reserves, but also for investing in other (including high-tech) sectors of the economy — that is, let them develop in the long run!
      That's already who what the path chooses - request
      1. rocket757
        rocket757 24 March 2020 05: 04 New
        0
        The fact of the matter is that we are not talking / not talking about nuts ... just about how our top managers dispose of the country's natural resources, arguing, arguing .... here, we decided to get distracted by nuts.
  2. Mytholog
    Mytholog 23 March 2020 08: 24 New
    +2
    ... for exaltation precedes a fall.
    Sheikhs considered themselves masters of life and arbiters of fate.
    1. nickname7
      nickname7 23 March 2020 10: 20 New
      -2
      Sheikhs moved from a camel to a golden Mercedes and decided that they are the navel of the universe, but Germany does it if Mercedes, if it stops supplying it, they will have to change to camels.



      But we must pay tribute to the Saudis, they are trying to solve this problem, unlike the compradors of the Russian Federation.
      1. The comment was deleted.
      2. Wedmak
        Wedmak 23 March 2020 12: 05 New
        +3
        Given the sheikhs' money, they could develop science, technology, medicine, build a cosmodrome, etc. In short, they would get an Arab Wakanda. But no ... something is not visible thereof. Not, they have something, where without it, but obviously not on the scale that their money allows.
        1. Cananecat
          Cananecat 23 March 2020 14: 14 New
          0
          Quote: Wedmak
          Given the sheikhs' money, they could develop science, technology, medicine, build a cosmodrome, etc. In short, they would get an Arab Wakanda. But no ... something is not visible thereof.

          Yes, everything is simple ... they will scuffle over these sectors and this squabble threatens a domestic political crisis.
      3. Vadim237
        Vadim237 23 March 2020 13: 14 New
        +3
        In the structure of Russia's GDP, the oil and gas sect occupies 19% but the share of oil and gas revenues for 2018
        in the federal budget amounted to 24%. And camels in the UAE and Saudi Arabia cost like five such golden Mercedes.
  3. Victor_B
    Victor_B 23 March 2020 08: 24 New
    25
    The mere presence of oil is already a curse!
    Since it automatically implies a lack of democracy.
    Unless all the oil is pumped out by American multinational corporations under "production sharing agreements."
    As an example, such an agreement was Sakhalin-1.
    Its essence is that the TNC arranges oil production without paying ANYTHING to Russia, and only after ALL construction costs are reimbursed, does the country receive a right to a share of the income.
    At the same time, American oil companies do not limit themselves at all in costs. They are not bargaining for housing prices, every week they fly home with charters, etc., while all these "related costs" are included in the total costs that our country will actually pay.
    Pushed through this "Production Sharing Agreement" Yavlinsky. Democrat.
    1. Victor_B
      Victor_B 23 March 2020 08: 38 New
      13
      All this was told to me by my friend, who repeatedly visited the place.
      And about the frantic prices for everything, and about the attitude to the environment (I don’t give a damn!), And about charters for weekends to the states, and for flights by helicopters anywhere.
      At the same time, EVERYTHING was recorded as expenses to be reimbursed.
      In this case, the deadline for obtaining its share in Russia would come when the field would be completely depleted. More precisely, they would use the leftovers.
      As a result, Putin already could not do anything with Sakhalin-1, and he did not give Sakhalin-2 to the Americans.
    2. Insurgent
      Insurgent 23 March 2020 08: 44 New
      10
      Quote: Victor_B
      The mere presence of oil is already a curse!
      Since it automatically implies a lack of democracy.

      1. Victor_B
        Victor_B 23 March 2020 08: 45 New
        14
        Or so too!
    3. Vadim777
      Vadim777 23 March 2020 09: 22 New
      -3
      Yeah, they don’t spend money from their luxurious life on Sakhalin, so what’s better when the currency goes to local residents or to the state budget, which masters a narrow circle of people?
      1. Victor_B
        Victor_B 23 March 2020 09: 25 New
        +8
        Quote: Vadim777
        Yeah, they don’t spend money from their luxurious life on Sakhalin, so what’s better when the currency goes to local residents or to the state budget, which masters a narrow circle of people?
        Aha
        Only here, "local residents" get a penny!
        The main costs of acquiring the equipment at crazy prices.
        Huge salaries only with the Americans.
        And taxes to America.
        1. Vadim777
          Vadim777 23 March 2020 10: 14 New
          -11
          Well, yes, housing is not rented on Sakhalin, hamburgers and Coke are imported directly from America by plane ... There are also flights from America to Sakhalin every day ...
          1. Victor_B
            Victor_B 23 March 2020 10: 16 New
            +4
            Quote: Vadim777
            Well, yes, housing is not rented on Sakhalin, hamburgers and Coke are imported directly from America by plane ... There are also flights from America to Sakhalin every day ...

            It’s basically already 15 years in the past!
        2. Vadim777
          Vadim777 23 March 2020 10: 15 New
          -9
          And do not confuse the commercial purchase of equipment for yourself and our tenders for your
          1. Victor_B
            Victor_B 23 March 2020 10: 32 New
            +6
            Quote: Vadim777
            And do not confuse the commercial purchase of equipment for yourself and our tenders for your

            Aha
            American monopolies, living according to AMERICAN laws, earning super-profits from our (and black-haired ... puffy) deposits, well, just cute! Little white and fluffy, these are

            Have you heard that in Russia today too is capitalism?
            1. Vadim777
              Vadim777 23 March 2020 16: 16 New
              -8
              Have you heard that in foreign companies there is only White ZP? And not in envelopes like Russian? Clean toilets at enterprises, 100 social packages, and almost no recycling?
      2. nickname7
        nickname7 23 March 2020 10: 36 New
        +6
        Yeah, they don’t spend money from their luxurious life on Sakhalin, so it’s better when the currency goes to the locals

        This type of contract is concluded by undeveloped Nigeria, who do not have palm trees alone. They have to hand over their bowels, for crumbs from the master's table, the former USSR had enough potential to develop deposits itself, it is not a banana country. But the shameful EBN government chose the Nigerian type of development.
        1. Vadim777
          Vadim777 23 March 2020 16: 19 New
          -9
          Well, yes, Nigerian, you can’t get by hiring someone who can and can ... And the USSR was also called Upper Volta with nuclear missiles .... With the living USSR
          1. Siberian54
            Siberian54 23 March 2020 21: 40 New
            +2
            Under the communists, these deposits were in reserve .. And the “upper volta with nuclear missiles” - the slogan from the weekly editable “Ogonyok” weekly magazine was such a popular yellow leaflet.
    4. Nyrobsky
      Nyrobsky 23 March 2020 10: 08 New
      12
      Quote: Victor_B
      The mere presence of oil is already a curse!
      Since it automatically implies a lack of democracy.
      Unless all the oil is pumped out by American multinational corporations under "production sharing agreements."
      As an example, such an agreement was Sakhalin-1.
      Its essence is that the TNC sets up oil production without paying ANYTHING to Russia and only after ALL construction costs are reimbursed, the country gets the right to a share of the income. This was Yavlinsky who pushed for this “Production Sharing Agreement”. Democrat ....... As a result, Putin could not do anything with Sakhalin-1, but he did not give Sakhalin-2 to the Americans.
      It was so. Under that agreement, 264 of Russia's largest fields (oil, gas, copper, aluminum, etc.) came under foreign jurisdiction. With the advent of GDP, these agreements were revised and 262 deposits were removed from its scope with the exception of Sakhalin. As a result of the cancellation, revenues to the Russian budget increased three times.
      1. Victor_B
        Victor_B 23 March 2020 10: 22 New
        10
        Quote: Nyrobsky
        As a result of the cancellation, revenues to the Russian budget increased three times.
        There was another very “funny” fact. Under Yeltsin, for a while, ALL of our oil industry and gas production gave the country a LESS than a Vietnamese shelf joint venture company with Vietnam!
        Well, our oligarchs could not squeeze it from the Vietnamese.
        And taxes and profits from it steadily came to the budget!
        There is still!
        JOINT RUSSIAN-VIETNAM ENTERPRISE "VIETSOVPETRO"
        http://www.vietsov.com.vn/Rus/Pages/default.aspx
      2. Zoldat_A
        Zoldat_A 23 March 2020 11: 51 New
        +6
        Quote: Nyrobsky
        Under that agreement, 264 of Russia's largest fields (oil, gas, copper, aluminum, etc.) came under foreign jurisdiction. With the advent of GDP, these agreements were revised and 262 deposits were removed from its scope with the exception of Sakhalin.

        And the story of how the only factory of our time producing armored steel came to the Americans (in Kurgan, in my opinion, if my sclerosis does not fail me)? The new owners would like to release on it not armor for our equipment, but, for example, Zippo lighters - and, formally, they would have the right. Although the “Zippo” is a very bad and quality thing, how can tanks be without armor?

        Well, at least, in the very beginning of the 2000s, the GDP said "return everything back." And returned.

        And I remember how I rode a train in 1998 past the Kurgan and on the whole platform (in the month of November!) There were people offering for sale (to passengers of a long-distance train passing!) Stainless steel skewers (even ordinary pie-potato-pickles on the platform was not). Somehow I always remember with sadness that platform when I watch the movie “Shouldn't we send a messenger” (episode with silencers) ...
        And I bought two skewers. My grandmother and aunt are 50 years old - I felt sorry for them, and the skewers are good. But nobody bought me besides me. The quality, by the way, is excellent - still a state of new-gift. But is skewers the pinnacle of technological thought for the Kurgan plant? Oh, democracy, her mother into the soul ...
    5. nickname7
      nickname7 23 March 2020 10: 24 New
      +6
      Pushed through this "Production Sharing Agreement" Yavlinsky. Democrat.

      Not only he but the EBN and Chubais fought for this shameful colonial agreement, which, as it were, hints at the type of Russian elite - it is a colonial elite.
    6. Zoldat_A
      Zoldat_A 23 March 2020 11: 28 New
      +5
      Quote: Victor_B
      The mere presence of oil is already a curse!
      Since it automatically implies a lack of democracy.
      Unless all TNK is pumped out by American multinationals under "production sharing agreements".

      From the article:
      Qatar, Kuwait and the United Arab Emirates are already richer than Switzerland. Saudi Arabia, Bahrain and Oman are on the same level with Japan or Great Britain.


      Of course, who would doubt that the Bedouin's wealth brings them tremendous democracy. After all, Arab oil is pumped out "by those who need to pump out" for the development of democracy.
      But in Switzerland, Japan or the UK democratically executed for witchcraft?

      An interesting little list -
      For what in Saudi Arabia can be sentenced to death:

      - aggravated murder,
      - Unintentional killing,
      - Terrorist actions without death,
      - Rape / Sexual Assault,
      - Adultery,
      - high treason,
      - Sexual relations by mutual agreement between adults of the same sex,
      - Arson
      - Robbery,
      - Break-in
      - Drugs spreading,
      - drug storage,
      - Heresy and apostasy,
      - Espionage,
      - The use of intoxicants,
      - Witchcraft and black magic.

      Tolerant so-so, democratic little list ...

      Alcohol, of course, in unreasonable doses, evil - but not up to the "ax-hat" ...
      And if in all the "lights of democracy" they executed for adultery, then the coronovirus is not needed to reduce the Earth’s population to the "Golden billion" (including American presidents, by the way - M. Levinsky would be avenged wink).
      Arson - this means arson of oil wells, which contributes to a decrease in the income of sheikhs and can be equated to treason?
      Homosexuals and apostasy are special greetings of Western tolerance (although for the "heresy" about the problems in the "American kingdom" they can be executed in the USA themselves even more distorted than simply chopping off their heads).
      Well, "witchcraft and black magic" in the XNUMXst century delivers with special force ... wassat

      They were savages on camels - they became savages on Mercedes and Bentley ...
  4. Arlen
    Arlen 23 March 2020 08: 27 New
    10
    The era in which the Gulf states and their sovereign wealth funds were magical ATMs, ready to pay the highest price for the purchase of assets on all continents, may come to an end.

    Everything has its beginning and its end.
    The best asset of the state is the people.

    I agree with the Bloomberg Agency that the oil states need to make major changes to the economic plan. And first of all, to develop our industry.
    1. Victor_B
      Victor_B 23 March 2020 08: 48 New
      0
      Quote: Arlen
      And first of all, to develop our industry.

      And what kind of industry, in addition to tourism, is in any Emirates?
      Or the Saudis.
      1. Arlen
        Arlen 23 March 2020 09: 38 New
        12
        only "all sorts of emirates" refer to the oil countries?
        Quote: Victor_B
        And what kind of industry, in addition to tourism, is in any Emirates?
        Or the Saudis.

        In the UAE, industry is developed on the basis of available placers of chromite, copper, manganese, and uranium ore.
        Saudi Arabia produces fertilizers, steel, building materials.
        Kuwait has developed the production of building materials, fertilizers, and the food industry. Livestock is very developed.
        countries of the region are not only a tourist paradise.
    2. Vasyan1971
      Vasyan1971 23 March 2020 09: 09 New
      11
      Quote: Arlen
      The best asset of the state is the people.

      Yes. Renewable resource. It is necessary to cherish and cherish. Feed and cultivate.
      Quote: Arlen
      serious changes in the economic plan must be made. And first of all, to develop our industry.

      Spit on the Arabs! We need to do this at home. It's not too late yet.
      1. Snail N9
        Snail N9 23 March 2020 09: 39 New
        +3
        Spit on the Arabs! We need to do this at home. It's not too late yet.

        Too late. It seems to have begun, just ignoring Russia as a seller of oil and gas.
        This week, all tenders for Urals ended in vain.

        Trafigura, the largest independent oil supplier in the world, offered shipments with shipment from Primorsk and Ust-Luga on March 30 - April 3 at a price of $ 3,35 lower than Brent (about $ 23 per barrel), but could not find a single buyer.
        Swiss Glencore put up for sale 100 thousand tons of Urals with delivery through the Baltic ports on April 4-8, offering a discount of $ 3,7 to Brent. But also did not meet demand.
        Glencore offered an even greater discount for oil with shipment within two weeks (March 27-31), but the result was the same: there were no buyers.
        Could not find demand for 100 thousand tons of Urals and British Shell, despite a discount of 3,35 dollars to Brent.
        With the same result, the attempt of the French Total to sell Urals ended with shipping March 28 - April 1 at a price of Brent minus $ 3,3.

        The lack of buyers forces traders to leave oil to tankers, turning them into floating storage facilities where barrels will wait for better times. For these purposes, Glencore leased the world's largest tanker, Europe, with a capacity of 3 million barrels for the next six months.
        Tenders for last week's Urals also did not meet demand. Stasco, Vitol and Trafigura offered Russian oil at a discount of 3-3,1 dollars to Brent, but did not find buyers.

        https://www.reuters.com/article/mediterranean-crude/med-crude-urals-diffs-ease-on-weak-demand-idUSL8N2BA8OS
        Against this background, Russia had to agree with the conditions of Lukashenko, to which Putin did not agree earlier, which was so reassured by "it is clear who":

        And if you recall the SP-2 abandoned at the bottom of the sea and the signed contract with Ukraine, on Ukrainian conditions, along with this:
        a few days ago, Beijing represented by the state-owned trading company Sinochem International Oil preventively stopped admitting Rosneft to its trading. The reason is the sanctions imposed by Washington against Rosneft's subsidiary TNK Trading International SA (more on this). The choice between the rapidly cheaper raw materials from Russia and stable trade with the United States was made by China in favor of the latter. One way or another, directly or indirectly, but American sanctions were supported by Beijing.

        Not everything is alright with the export of Russian gas to China. So, the Celestial Empire has already announced the suspension of imports of "blue fuel", including from Russia. Almost immediately after that, the widely advertised Power of Siberia pipeline, which cost taxpayers more than a trillion rubles, also stopped working


        then .... it seems that it finally becomes clear that the "multi-step" "house-makers" to the full priest for the country. Already, Mishustin, without particularly advertising, lifted sanctions on some goods from abroad that they had previously been imposed (obviously, "import substitution" paper turned out to be somewhat different from the real one). So that the "funny times" have already come, and every day, they will just be even more "funny." But the "nullified", even now, are not going to leave their "multi-way", will be "multi-way" to the last pants of a Russian peasant ....
        1. Vasyan1971
          Vasyan1971 23 March 2020 09: 46 New
          +2
          Quote: Snail N9
          But the "nullified" are not going to leave their "multi-way", will be "multi-way" to the last pants of a Russian peasant ....

          To see a bird flying ..
          request
        2. Golovan Jack
          Golovan Jack 23 March 2020 09: 59 New
          -10
          Quote: Snail N9
          "multi-walkers" "house-makers" to a full priest for the country

          And what, we, for the umpteenth time, will all die again? belay

          In connection with the upcoming difficult times, let me remind you that for quite some time you promise to publish a crisis meat cutting scheme gastropod. Look forward to yes
        3. 16329
          16329 23 March 2020 10: 19 New
          +3
          Yes, they threw the pipe, and the oil decays in the tanker, and in general everyone ends and you say: “Well, I warned you, jumped, and smiling tiredly, lean back from the keyboard
        4. carstorm 11
          carstorm 11 23 March 2020 10: 41 New
          +3
          and you do not want to show how another brand of oil is being traded? Well, what would compare the dynamics aren’t?) that even the American shale workers are trying to get permission for a deal with OPEC? and this is already beyond the bounds because no one could even imagine such a thing in nightmares? or have you heard that the states are already talking seriously about sanctions for a low oil price? you don’t understand how it got through. for all we did was simply abandon their conditions for reducing production. what they had every right to. they didn’t touch anyone; they respected the old conditions and simply didn’t want to make new ones amid a sharp increase in production by the states.
    3. Nyrobsky
      Nyrobsky 23 March 2020 10: 40 New
      +5
      Quote: Arlen
      Everything has its beginning and its end.
      The best asset of the state is the people.
      So yes, but there are exceptions. For a quarter of a century, people in a neighboring state have tirelessly led their state to collapse.
    4. Zoldat_A
      Zoldat_A 23 March 2020 12: 00 New
      +5
      Quote: Arlen
      I agree with the Bloomberg Agency that the oil states need to make major changes to the economic plan.

      Change is definitely needed.
      Only Bloomberg didn’t mean what you were.
      They talked about “changes” in the sense that not all oil in the world, for some reason, belongs to America “by right”. And Russia, for example, is “criminally” selling off “American” strategic oil reserves. Preventing the "cost-effective" American shale oil to push into the European market, for example.

      This "unfair" situation, according to Bloomberg, needs to be changed.
  5. bar
    bar 23 March 2020 08: 33 New
    +9
    It seems that for most of the world, having large oil reserves is a curse. There are countries in which huge reserves of hydrocarbons, but this often weakly affects the welfare of their citizens.

    Oh holy simplicity! Bloomberg pretends not to know who exactly imposes these "curses" in the form of sanctions on these countries? what
    1. Vasyan1971
      Vasyan1971 23 March 2020 09: 13 New
      +4
      Quote: bar
      Bloomberg pretends not to know who exactly imposes these "curses" in the form of sanctions on these countries?

  6. Irokez
    Irokez 23 March 2020 08: 39 New
    +2
    There are many components of the well-being or poverty of a gas station country.
    A lot depends on who you are going to be with, well, the race, place of residence and ambition.
    There is an opinion that the current collapse of oil is also the squeezing out of the market of speculators (parasites) who turn oil by raising its price and resell it with a weak fat, but this is when it is not so much and you can fill the price. And when there is a lot of it, then figs that you will weld especially when there is no deficit. As Raikin said, “Dipcitis and you are an addicted person - it’s good when there is diphcitis.”
  7. maidan.izrailovich
    maidan.izrailovich 23 March 2020 08: 44 New
    0
    The author writes that the "oil curse" ....

    The author is lying like a gray gelding.
    In the modern world, the "oil curse" is the United States.
    The same Iran or Venezuela is not allowed to take advantage of oil production through sanctions. Or outright banditry. By freezing accounts and appropriating money in the accounts of these countries in world banks.
    There will be no USA there will be no curse.
    But the Saudis are not in danger, while they are chewing on American politics.
    1. Victor_B
      Victor_B 23 March 2020 08: 49 New
      +3
      Quote: maidan.izrailovich
      In the modern world, the "oil curse" is the United States.

      PPKS!
      And even from Sakhalin they could not be kicked out ...
      Hooking in contracts and paid "signatories" mean a lot.
    2. Self
      Self 23 March 2020 08: 59 New
      +7
      Not so much lying. Take the same Kazakhstan. It extracts and sells a lot of oil. Has a scanty population. It has no sanctions. But the standard of living is lower than the plinth.
    3. Blackmokona
      Blackmokona 23 March 2020 09: 03 New
      +3
      There will be no USA, no where to supply oil to Venezuela. And then she is now in Europe and China, no one interferes with the supply of oil. But somehow it does not go
    4. Vadim777
      Vadim777 23 March 2020 09: 30 New
      -1
      There will be no USA - there will be China, India, Brazil, the EU ... A holy place never happens
      1. voyaka uh
        voyaka uh 23 March 2020 11: 05 New
        +3
        You did not understand. Venezuelan oil is so thick (almost like plasticine) that it can be processed
        its capable ONLY factories in Texas. And no one else in the world.
        1. The comment was deleted.
          1. voyaka uh
            voyaka uh 23 March 2020 12: 24 New
            +1
            Israel is clean. We usually buy tankers from Nigeria, Mexico, Angola ..
            There is no heavy oil refinery in Israel.
  8. China
    China 23 March 2020 09: 01 New
    -9
    If Katar, Kuwait and the United Arab Emirates are kapets, then we won’t get off with buckwheat and paper alone ...
  9. edeligor
    edeligor 23 March 2020 09: 21 New
    +3
    I categorically agree with everyone who called the presence of the richest hydrocarbon reserves a curse! Say what you like, but we are all passengers of planet Earth and the availability of such a resource as oil or gas instantly transfers such a state into a raw materials appendage. Why develop expensive production if there is such a freebie ?! Only systems like the USSR or, at worst, Arab tyranny are capable of this. If the Union was destroyed by the "New Partisans" who wanted to become new nobles, then oil dependence played a no less important role. Therefore, there is a curse and how to deal with it ... that is, a great problem!
    1. Vadim237
      Vadim237 23 March 2020 13: 37 New
      +2
      To develop high-tech production requires a lot of money a lot of time and the most important thing is to have a place in the market both domestically and externally with a confident prospect of demand for your products. So this is the most risky and costly type of activity. Take the same machines on the world supply market more than demand, therefore, Russia exports several hundred a year, and its production and plants, for the most part, have been hooked on foreign manufacturers since the beginning of the 2000s and who have little money or until recently operate old equipment or just turn to the guys who are upgrading old Soviet machine tools, equip them with new guiding drives, put the CNC console on, etc. - and the will is a new machine.
      1. edeligor
        edeligor 23 March 2020 13: 52 New
        +1
        I completely agree with you, in machine tools or somewhere else. This is the raw curse. Why develop technology if there is a product that anyone will buy? Why invent technology, fight for markets? There are guys like Sechin with Novak, broads and a dollar for 80 rubles! And the fact that a banal laptop will cost 70 thousand, so it’s Cho, they have a salary with six zeros per day. Dear Vadim, a native of the USSR, I was taught that if the whole world opposes us, we must survive! That is, to be self-sufficient! Currently, this criterion is not feasible.
        1. Vadim237
          Vadim237 23 March 2020 18: 24 New
          +1
          The main thing is that we ourselves provide energy and products, we have one of the best armies in the world and 800 research institutes and 2500 KB, the rest we must master in time, we must keep up with the times looking at competitors.
          1. Rzzz
            Rzzz 23 March 2020 20: 22 New
            +1
            The army, research institutes and design bureaus will not help much when there are no factories. Or is there miraculously preserved, absolutely inefficient economically, and producing non-competitive products.
          2. edeligor
            edeligor 24 March 2020 07: 14 New
            0
            800 research institutes and 2500 KB
            What, when and where is the data from? After Serdyukovo-Putin optimizations, I hardly believe in these things.
            Quote: Vadim237
            We have one of the best armies in the world

            I would like your optimism. I’m not sure of such hatred statements. I agree, perhaps, at the level of special forces, no more.
  10. Mikhail3
    Mikhail3 23 March 2020 09: 36 New
    +3
    A freebie corrupts. What a discovery! And yes, the Saudis and some who still diligently secured their future, investing a lot of money in real business. Another question is whether they will be able to take advantage of the achievements, but just another, at the moment these countries have squeezed out the maximum possible from their superprofits.
    But you could do something completely different! Super profits could be used to cover up their complete incompetence and the fact that the existing "elite" is a hodgepodge of accidentally surfaced thieves and outspoken foreign agents. Whatever they all, marvelous management masters, do, oil billions allow solidly painting the rotten facade, passing it off as promising new buildings.
    Everything that was not necessary for varnishing should have been stolen, except for the share that must be taken to the hegemonic country in order to get a label for reigning from there. Yes, but now everything suddenly fell ...
    1. Vadim777
      Vadim777 23 March 2020 12: 06 New
      -5
      Yes, but now everything suddenly fell ...

      It didn’t suddenly, it’s a trail of decisions taken at the beginning of 2000, such as the monopolization of sales markets, which led to the mass ruin of the petty bourgeoisie
      1. Mikhail3
        Mikhail3 23 March 2020 13: 39 New
        +4
        It rained down suddenly. And the fact that various pending decisions have led to today's situation is that you are right)
        For example, the monopolization of sales markets in our country, the brutal strangulation of small and medium-sized businesses was the reason that the owners of large businesses in our country are completely unsuitable to manage. And their businesses are completely ineffective, but access to power is direct. So they gave birth to a brilliant idea - we’ll ruin a trifle that really knows how to work, and those pros who (by some fatal coincidence) work in small business will have to go to us!
        At the moment, they are looking there for new reasons that they have nothing to plow. Because having passed to large "businessmen" the pros as they should have not earned. This is unrealistic, any pro needs a good organization ...
  11. Yrec
    Yrec 23 March 2020 09: 42 New
    -2
    It would be time for pajama clowns to transfer to camels again. Fattened too long.
    1. Vadim777
      Vadim777 23 March 2020 12: 07 New
      -3
      They have camels, but what do Russians take to ride on scooters?
      1. Yrec
        Yrec 23 March 2020 13: 31 New
        0
        They and the people lived at the expense of oil, and with us - only oligarchs. Therefore, the problem of cheap oil is a problem of power and the oligarchs. For us there is no fundamental difference, at least 0 at least 100 bucks per barrel, the price of gasoline does not depend on this.
  12. sanik2020
    sanik2020 23 March 2020 10: 14 New
    +6
    There is no oil curse, there is the ability or inability to profitably use oil revenues. This applies to both states and ordinary nouveau riche, who have grabbed a lot of money and rushed to the worst.
    But the main problem for the oil of the countries is that now everyone who is not lazy is switching over to the electric economy, extracting electricity from various, renewable sources, reducing dependence on oil now and when it runs out, they will hardly notice it at all.
  13. rotmistr60
    rotmistr60 23 March 2020 10: 53 New
    0
    to make serious changes in the economic plan, including changes in the very understanding of the situation by the monarchies of the Persian Gulf.
    It is clear that only the United States is the only one who knows how to make plans and comprehend the situation in the oil market. This is probably why they climb to where this "curse" (oil) is available to teach how to properly dispose of it.
    1. voyaka uh
      voyaka uh 23 March 2020 11: 13 New
      +5
      You are absolutely right. The USA is both the largest importer and the largest
      oil exporter. And the largest processor.
      They have a complete set of oil production technologies: both conventional and horizontal drilling,
      and marine and shale technologies. And a complete set of oil refining technologies -
      from super-light shale to super-heavy Venezuelan.
      The USA is the largest exporter of aviation kerosene.
      Exporter of lubricants and even gasoline.
      Therefore, they are able to control the global market.
  14. Runoway
    Runoway 23 March 2020 11: 51 New
    +1
    For the Russian people, judging by gas prices, we can assume that our oil is exported from Antarctica
    1. Crimean partisan 1974
      Crimean partisan 1974 23 March 2020 13: 14 New
      -1
      For the Russian people, judging by the prices of gasoline, we can assume that our oil is exported from Antarctica ...... why such an opinion? the normal price is 60 cents per liter, in states more than 70 cents per liter. in Europe voosche prohibitive -bucks and above, sho for panic?
      1. Vadim777
        Vadim777 23 March 2020 16: 13 New
        -2
        The normal price is 21 rubles as in Iran, they are also under sanctions
        1. Crimean partisan 1974
          Crimean partisan 1974 23 March 2020 18: 09 New
          +1
          The normal price is 21 rubles as in Iran ... well, in Iran, the population has less demand for fuel, such a phenomenon as traffic jams is absent, as an indicator of the availability of cars for the population
          1. Vadim777
            Vadim777 23 March 2020 21: 40 New
            -3
            In Tehran, traffic jams appear as Moscow, only there they solve this problem, because of the understanding that mobility is the growth of the economy
      2. Rzzz
        Rzzz 23 March 2020 20: 30 New
        -3
        We have VERY expensive mining, expensive processing, huge taxes. I don’t know how, now, a couple of years ago, a friend of mine who worked at a large oil company said that gasoline retail was unprofitable for them, they even wanted to close the entire network of gas stations, but they called the main boss “where it should be” and told them not to do that. Gas stations reach a minimum payback only at the expense of cafes and trade.
        By the way, the costs of extraction and processing here are also mainly in bucks (imported equipment, consumables), so the more the ruble falls, the more expensive the production in rubles. And that means the price of a gasoline will increase.
        1. Igor Aviator
          Igor Aviator 23 March 2020 21: 54 New
          +4
          let me ask as well where this "you"? As far as I know, the cost of production at US, in the Russian Federation, allows us to consider production profitable even at world oil prices of about $ 20 per barrel. But in general, as I know, as I relate to one VERY large company, trading in petroleum products at retail, profitability is determined not so much by prices as by the level of appetite of the company's top management, and nothing more! There can be no disadvantageous trade in goods on the top list of daily goods! if trading in such goods becomes unprofitable, then top managers either They eat their bread in vain (read - they get HUGE salaries and bonuses), or they are thieves, and competent people and services should be engaged in them. There is no third way! If this is not done, it means that the entire management apparatus of the company has rotted.
          1. Rzzz
            Rzzz 24 March 2020 18: 52 New
            0
            Quote: Igor Aviator
            and where is this "with you"? As far as I know, the cost of production at US, in the Russian Federation, allows us to consider production profitable even at world oil prices of about $ 20 per barrel.

            I don’t know, maybe you live in some other alternative Russian Federation, but we only have a production cost of about 18-20 bucks per barrel. Plus transportation to the terminal, where it will leave at the exchange price. So they say on specialized resources, I myself do not have access to such info.

            Quote: Igor Aviator
            If this is not done, it means that the entire management apparatus of the company has rotted.

            But what, at least in one of our oil companies is wrong ??
    2. Vadim237
      Vadim237 23 March 2020 13: 39 New
      -3
      Gasoline in Russia is one of the cheapest - at world prices.
  15. Viktor Sergeev
    Viktor Sergeev 23 March 2020 13: 25 New
    +1
    Could you tell us more about the rapid development of the CA and how is it on a par with Japan? Development is not huge houses and big incomes, new technologies, production, steps forward. CA and the rest of the "highly developed" as were the oil-column countries, they will remain so. This is not development, but a dead end, as the current crisis will demonstrate.
  16. Kostadinov
    Kostadinov 23 March 2020 18: 07 New
    0
    Quote: voyaka uh
    You did not understand. Venezuelan oil is so thick (almost like plasticine) that it can be processed
    its capable ONLY factories in Texas. And no one else in the world.

    Venezuelan oil is bought and processed quite successfully by India, China, and Cuba. More than half of the export of Venezuelan oil and in the past beat outside the United States. But the United States stole a large plant of Venezuelan property in the United States. But in the USA today, only the United States is capable of stealing something.
  17. Igor Aviator
    Igor Aviator 23 March 2020 21: 35 New
    0
    Quote: rzzz
    when there are no plants and factories. Or is there miraculously preserved, absolutely inefficient economically, and producing non-competitive products.

    What, again everything is lost? Why are you so killing? no you won’t be so killed! (it's a pity... wink ) Nice man, you can’t! Indeed, SO you can meet with Novodvorskaya! But in general, to reassure recommended to visit, at least https://sdelanounas.ru/. But, I am afraid, the reaction will be the opposite - for the positive news about Russia, even insignificant, for some (from the herd will pile liberoids), is worse than sepsis and anaphylactic shock combined!
  18. Zhevlonenko
    Zhevlonenko 25 March 2020 05: 26 New
    0
    In my opinion, the Gulf countries flourished only because with a huge volume of production, these benefits were distributed to a relatively small handful of people of 2 million people, citizens of this country, Arabs. This scheme does not work in countries with a large population of Venezuela, Angola, Nigeria.
  19. Lena Petrova
    Lena Petrova 25 March 2020 08: 33 New
    0
    Quote: Victor_B
    Pushed through this "Production Sharing Agreement" Yavlinsky. Democrat.

    - And where is this Yavlinsky now, eh, Lavrenty Pavlovich? (c) Stalin
  20. Lena Petrova
    Lena Petrova 25 March 2020 08: 50 New
    0
    Quote: Vadim237
    Gasoline in Russia is one of the cheapest - at world prices.

    It remains only to pull the world's incomes into the world, and there will be complete harmony.