RUSSIA: LOSING MONEY WITH OIL AND GAS. MICHAEL BERNSTAM,HOOVER
The John Batchelor Show
John Batchelor
4.5 • 2.8K Ratings
🗓️ 26 June 2025
⏱️ 11 minutes
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1855 CRIMEAN WAR
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| 0:00.0 | Ever notice your dog slowing down and having health issues and wonder, what can I do to make them better? |
| 0:06.5 | Well, my friend, add rough greens to your dog's food for 90 days and I guarantee you'll see changes that will amaze you. |
| 0:13.6 | Greetings. |
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| 0:57.4 | Just add a scoop of rough greens. |
| 1:03.8 | This is CBSI on the world. |
| 1:06.2 | I'm John Batchel. |
| 1:07.2 | Watching the Russian economy, thanks to Michael Bernstein and the Hoover Institution, |
| 1:12.0 | and we go to the price of oil. |
| 1:13.6 | Michael, for weeks now, as emphasize that the price of oil is heading down, lower, lower, lower. |
| 1:20.9 | Why that matters is that the Russian budget, the Kremlin's budget, is based on approximately |
| 1:26.3 | $70 a barrel of oil. |
| 1:29.2 | That income from its shadow fleet going to India and China is sufficient. |
| 1:35.6 | However, that's on paper. |
| 1:37.8 | What is happening now following the crisis in the Middle East most recently is that oil, |
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