Is FSU Oil Growth Sustainable? Read about the present oil price war between OPEC and Russia by Jean Laherrère, Petroleum Review, April, 2002
Soviet Economic Decline: Did an Oil Crisis Cause the Transition in the Soviet Union?
"If Marxist-Leninist Communism was so inefficient, then why did it last in one form or another for over 70 years in Russia and the Soviet Union before it finally died?...
"We believe it is no coincidence that Soviet oil production declined by 30% from 1988 to 1992, BP (1996), precisely during the time when the break up and capitalist transformation was occurring. Furthermore since 1992, Russian oil production has declined an additional 20% or more and during that time Russia's recession has worsened. Most analysts see cause and effect during the Soviet transition as being one of the transition of the economy causing the oil production decline. We however believe it is the opposite. It was the oil production decline that caused the final break down of the Soviet economy..."