To keep leadership on an oil market, Russia is to “take out” the state from the oil business
Edited by Rhod Mackenzie / 2013-10-07 08:11:39
Phil Flynn, a senior analyst of the market The Price Futures Group (USA):
-If Russia wants to keep its leading position on the world energy market, it must “take out” the state from oil business. Let private enterprises and innovations to make historic breakthrough in fracking and drilling technology, as it happened in the USA. The policy in Russia restrains the development of the sector. Despite good results, the sector could be even better.
The increase of oil and gas production in the USA will enable an arrival of workplaces and industry back to the United States. The USA is no longer going to be a hostage of foreign oil producers, who try to use the energy in terms of political weapon.
