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When Does Russia Run Out of Oil?
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A popular joke describes Russia as a “gas station with a nuclear bomb.” It is attributed to the late US senator and presidential candidate John McCain, but he spoke of “gasoline disguised as a state.” Whoever coined the phrase, it was based on...
At the current rate, Russia's recoverable oil reserves will run out in less than 30 years.
Most of the cost-effective stocks are difficult to extract.
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