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MargaretR · 22-05-2008, 22:13

I heard tonight on BBC radio4 that RUSSIA produces as much oil and gas as Saudia Arabia and is just banking the money because if they invest it in more oil production they will cause the price to come down - very canny.

They renationalised it in the late 90s so the oil giants aren't the ones profiting

22-05-2008, 22:13	#6
MargaretR God Member Join Date: Mar 2007 Location: c l m Posts: 12,362 Blog Entries: 4 Liked: 518 times Rep Power: 68671	Re: oil price I heard tonight on BBC radio4 that RUSSIA produces as much oil and gas as Saudia Arabia and is just banking the money because if they invest it in more oil production they will cause the price to come down - very canny. They renationalised it in the late 90s so the oil giants aren't the ones profiting __________________