Press Esc to close



For full content view: Log in Now!

  • Oil and gas in the capitals

    Jacques Sapir,Contributing Editor

    Russia in the global financial storm Will late 2008-early 2009 in Russia be a winter of discontent? Reading Russian media may give one the distinct feeling of a very serious crisis, with important social and political ramifications. There is, no doubt, a season of hardship looming ahead for Russia. However, the situation looks much better than in 1998, which is the country’s most important reference point for a crisis. The worst forecast so far published, as usual the International Monetary Fund’s, predicts a 3% growth rate in the Russian economy for 2009. This is much lower than that experienced in 2007 and 2008. Still, there are plenty of governments in advanced economies, from Paris to Washington, that would dream of such a growth rate. The global financial crisis has hit the Russian economy in two different ways: one real and one psychological. It is quite easy to assess the first aspect because it is grounded in objective and well-known factors. The second aspect is much harder to assess because collective psychology is not an exact science.

This area of the site is restricted. In order to gain access, please either Log In, or subscribe to World Oil.

Two options are available to you for creating an account.

1. Get a Free Trial Subscription to World Oil Magazine and gain immediate access to select content on World Oil Online.

Start a Free Trial Subscription and gain immediate access to the complete current issue of World Oil Magazine. Plus, you’ll receive 3 upcoming issues of World Oil Magazine in print or digital format.* You also receive access to the Energy Events Calendar, Industry Statistics and WO Wire’s news and industry coverage.

Free Trial

2. Purchase a subscription to World Oil magazine and gain immediate and complete access to World Oil Online. As a Total Access subscriber you will have access to all areas of the site available to registered users and free subscribers as well as having access to such premium content areas as:

  • The Archives section containing over ten years of complete magazine archives,
  • The WO DataHub's engineering tables and directories,
  • The World Oil annual forecasts, including past predictions,
  • Select World Oil technical handbooks,
  • And much, much more!


Physical copies of this content may be available for purchase. Visit the Reprints & Back Issues section.

If you are already a paid subscriber and do not have access, please email



Engineering Data Tables

World Oil's specialized upstream Engineering Data Tables featuring the Drill Bit Classifier, Tubing Tables and more. Get Total Access today.


2013 Fracturing Technology

2013 Fracturing Technology