Russias Petroleum Industry At Critical Juncture

Russia faces a looming oil crisis that places the country at a crossroads. Production could well be in decline by 2020, even as the state's dependence on oil as its primary source of income continues to grow. Yet oil also offers Russia’s best hope for continued progress if the state's precarious relationship with the industry can be reformed, said IHS Senior Research Director Thane Gustafson, author of “Wheel of Fortune: The Battle for Oil and Power in Russia.”