Press Esc to close



For full content view: Log in Now!

  • Oil and Gas in the Capitals

    Jacques Sapir

    The crisis has hit the Russian economy at last. The GDP fell considerably, by 12.3% in first-quarter 2009, an unprecedented drop since the blackest days of 1992. Of course, this puts Russia back to its 2007 level, which was not bad at all. The drop is not due to the reasons usually given in the Western press, however. Oil prices, which fell precipitously during last fall and winter, have rebounded since February. They are now significantly greater than US$60/bbl, and spent much of June above $70. So, if the oil price slump was so brief, why has the Russian economy now been hit by the crisis? This is seriously placing in doubt the assumption that Russia is another “oil state.” Though energy plays an important role in Russia, it seems the economy is not an energy-centered one.

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