CIS States In Shadow Of Energy Revenues
22/9/2008Analisi di Bruce Pannier contenente parte di un’intervista data a Radio Free Europe sul legame fra prezzo del petrolio ed economie degli stati della CSI.
Soaring oil and gas prices have been a boon for energy-exporting countries, including Commonwealth of Independent States (CIS) members Russia, Azerbaijan, Kazakhstan, and Turkmenistan. But more recent events have prompted forecasts that decreasing demand could deflate those same countries’ revenues from energy exports. How low do prices need to get before they significantly affect those same economies, and how soon might those effects start to show?
Russia, Azerbaijan, Kazakhstan, and Turkmenistan have vast deposits of oil and natural gas and sit between two of biggest energy consumer markets in the world: the European Union and China. Their fortunes are bright today, but is there a chance they may be relying too much on their hydrocarbon wealth?
