Tag Archives: LUKOY

How much will victory for Putin cost U.S. drivers?

Economists are still digesting Vladimir Putin’s vow to spend an additional 1.5% of Russian GDP during his campaign to retake the presidency. Given the intimate relationship between the Russian economy and oil, keeping that promise requires certain assumptions about global energy prices to come true — and these assumptions have a direct impact on U.S. households.

Commodities Consumer Europe Featured Oil Politics Russia

Big Oil moving fast to get ahead of Peak Oil

Christophe de Margerie, chief executive officer of France’s global integrated oil company Total SA (TOT, quote), has emerged as one of the highest-profile supporters for the peak oil school of thought, which contends the world will eventually run out of economically extractable petroleum.

Oil Stocks