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The American Empire in a Changing World



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Thursday, January 5, 2012

Oil: "Russia passes Saudi Arabia"

read more from barents observer...


"Railway wagons loaded with oil are queuing up in Murmansk awaiting export to western Europe. Not since the collapse of the Soviet Union has Russia produced so much oil as in 2011. That is very good news for Russian economy.
The increase in Russia’s oil production is mainly due to new projects and boosted output from some of the existing larger oil fields."

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