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"At present the economy is based on oil price but not on reasonable macroeconomic policy", - says the economist of the World Bank Sergei Ulatov. If the government doesn't think seriously about the reduction of expenses, Russia will be burdened with great debts.

The World economy vitally depends on oil. However in the World there is no standard answers to a fundamental question: "When will the oil world's reserves run low?".

The next few years the World can face a new economic crisis. This time it will be caused by difficulties in power, namely - reduction of deliveries of oil at a growing demand for it. Eventually this process can pour out in sharp rise in prices for oil. It will overturn again world economy, which and so it will be with great difficulty and to be restored extremely slowly after credit crisis.

The World economy recession if oil costs $150 for 1 barrel waits, warn in Merrill Lynch. Against conflict growth in the Near East cost of hydrocarbons already comes nearer to $120.

For a long time our far cave ancestors were warmed at fires. Fire was supported by the fire wood, and they, these pieces of a tree, for a long time were a principal view of fuel for mankind. But centuries have passed, people on a planet became more and more...

Oil is main reason of revolutions and wars in the Middle East. In this article you will learn about the current situation in the oil industry of Egypt

I want to share analytics information about russian oil companies, like Rosneft, Gazprom neft and others