A glut of oil on the world market has driven prices lower as Russya and Saudi Arabia continue to increase production, hoping to grab market share from low volume producers and drive them out of the global marketplace.
This does not bode well for nations heavily dependent on energy production for economic well being. Russya is already in recession and the future is not looking good. Why they just began a program to revitalize the old albatross, AEROFLOT, the state-owned airline that was the international model of how-not-to-run-an-airline. The largest country in the world has been hit by sanctions from the US and European nations owing to its incursions and takeovers in Crimea and Ukraine. Separatists rebels in Ukraine are looking weaker by the day as the Kremlin has changed focus from the Donbass to Syria where Mr. Putin wishes to prop up Al- Assad's regime by providing antique aircraft to bomb rebels seeking Assad's ouster.
All of this resides in the shadow of the investigation that is ongoing after a bomb brought down a Russyan passenger plane with 224 on board as it returned to St. Petersburg from Sharm el- Sheik in Egypt last week. Investigators have maintained a shroud of secrecy over findings in the crash. Egyptian authorities say that the Russyan team has not been sharing information and removing evidence from the site without agreement among other teams involved.
Hmmmmm. Just Russyans being Russyan. What about Kamchatka? What about oil exploration in the Arctic where the Russyan exploration team actually planted a Russyan flag on the Arctic seafloor. How childish; how petty; how Russyan.
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