Running Head : TRADE THEORYTrade Theory : The Case of Russia as Oil Exporter[Author][Affiliation][Date]Trade Theory : The Case of Russia as Oil ExporterBackgroundThe obliterate fabrication of Russia is undoubtedly one of the largest in the world . Russia is relatively the largest exporter of natural gas , a position that was once held by Saudi Arabia . Today , the sylvan is expected to outrank Saudi Arabia as the leading exporter of petroleum (considering its position as the largest non-OPEC exporter of mete out Overall , Russia provides some 13 of the world supply of embrocate . In 2006 the production of fossil rock inunct oil in the country reached to about 10 jillion barrels per day . discipline demand for jumpy oil is about 2 .6 one million million million barrels per day . The excess quantity of peeled oil i s used for exportIssuesThere be two overriding issues here . bloodline , there is the chore of investment . Potential production of crude oil (about 2 .
3 times the current crude oil production ) can be reached if investment to the oil attention is increased by about 89 . This poses a problem to the Russian government . Only few capitalists are ordain to invest their money to the Russian oil industry . mayhap , the main reason lies in the relatively insecure temperament of the oil industry . The second issue is the about plow surplus . As Russia increases its oil export , the note value of imports becomes r elatively lower than the value of exports . ! This situation seems very seductive . even , it posits several problems The...If you want to get a abounding essay, pasture it on our website:
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