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The John Batchelor Show

#Russia: The Diesel Fuel Mistake. Michael Bernstam, @HooverInst

The John Batchelor Show

John Batchelor

Society & Culture, Arts, News, Books

4.52.8K Ratings

🗓️ 29 September 2023

⏱️ 10 minutes

🧾️ Download transcript

Summary


#Russia: The Diesel Fuel Mistake. Michael Bernstam, @HooverInst

https://www.wsj.com/business/energy-oil/kremlins-latest-battle-is-with-russias-oil-companies-63270c23?mod=hp_lead_pos4

1907 HG Wells

Transcript

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0:35.3

This is CBSI in the world. I'm John Bashar.

0:38.2

Ukraine conflict. Russia.

0:40.3

Wall Street Journal reporting.

0:41.9

Russia, one of the world's biggest oil exporters, is suddenly running low on fuel at home.

0:47.6

The shortages are causing heightened tensions between the Kremlin and Russia's oil companies,

0:53.1

including the outsting of executives at state-controlled rose-neth oil,

0:57.6

which is run by a close ally of President Putin, Igor Sechen.

1:03.0

I welcome Michael Bernstom of the Hoover Institution, my guide on the Russian economy,

1:08.6

and the Russian effort to hold together under severe sanctions.

1:13.2

And this was a surprise to me, all of a sudden.

1:16.2

Russia, the land of oil, Russia, selling its oil worldwide,

1:21.0

forbidden to sell it in certain parts of the world, but enjoying the bounty of other parts,

1:26.2

is suddenly low on fuel at home.

1:29.7

Michael, a very good evening to you.

1:31.4

How did this happen? Did they see it coming? Good evening.

...

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