High prices put high profit on Russian oil

Klein, Ed
October 2006
Hudson Valley Business Journal;10/30/2006, Vol. 17 Issue 21, p1
The article reports on the competitiveness of the Siberian oil in the already stressed global energy market. The high prices for oil on international commodities markets has made it possible for the Russian oil to be competitive on the world market that would ultimately increase the total world supply that Saudi Arabia. David Zaikin, Chairman and CEO of the Siberian Energy Group claims that it takes 12 days for Russian oil to reach the west coast of U.S. while 21 days to Saudi Arabia.


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