Russian primary industry cannot withstand this roller coaster. Katarina Lagervall DN called me last Friday and we had a long and interesting conversation about oil and the global economy. A summary of our conversation is now available at dn.se [ in Swedish ] under “Russian primary industry cannot withstand this roller coaster.” (I have added some clarifications with parentheses) (Published 2014-11-07 13:17) Falling oil prices on the world market are hard on the Russian economy. But those who should be most worried about these developments are the oil-dependent nations of the EU. So says oil analyst Kjell Aleklett. – Our energy costs will be expensive in the long run because we do not have any of our own fossil natural resources. Russia has oil in the ground and if they do not produce it now, they can do so later, he said. Since June, the price of […]