Commentary
Are Germany’s economic, industrial, and political struggles becoming a liability for the EU’s ability to rise to the geopolitical moment?
Rym Momtaz, ed.
{
"authors": [
"Vladimir Milov"
],
"type": "legacyinthemedia",
"centerAffiliationAll": "dc",
"centers": [
"Carnegie Endowment for International Peace"
],
"collections": [],
"englishNewsletterAll": "ctw",
"nonEnglishNewsletterAll": "",
"primaryCenter": "Carnegie Endowment for International Peace",
"programAffiliation": "russia",
"programs": [
"Russia and Eurasia"
],
"projects": [],
"regions": [],
"topics": [
"Economy",
"Foreign Policy"
]
}
REQUIRED IMAGE
In The Media
Can Russia Become an Oil Paradise?
By Vladimir Milov
Published on Jul 6, 2006
Source: Pro et Contra
This article orginally appeared in Russian in "The Power of Oil and Gas" edition of the Pro et Contra journal (Volume 10, Nos. 2-3, 2006), published by the Carnegie Moscow Center.
It is not wholly appropriate to apply the term "petrostate" equally to all larger exporters of oil, as if they were identical. "Petrostates" can be clearly divided into two unequal groups: those countries where the population is sufficiently small to live well off of hydrocarbon exports, and those countries where such income is barely sufficient to cover the most basic needs of the population and the appetites of government bureaucrats. A large population and a significant domestic demand for energy effectively mean that Russia can never become an "oil paradise." For all intents and purposes, the question of funding Russia 's broad modernization on the back of its energy potential can be considered moot. It is impossible, and there are not sufficient resources for such an endeavor.
For the full text, please click on the link above.
About the Author
Vladimir Milov
Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.
More Work from Carnegie Europe
- Taking the Pulse: Does the EU Have a Germany Problem?
- The Speech Ursula von der Leyen Can’t DeliverCommentary
European Commission President Ursula von der Leyen is about to give her annual address on the state of the EU. Here’s what she won’t—but should—say.
Rym Momtaz
- Europe Fails to Learn the Lessons from CeutaCommentary
The aftermath of the Ceuta crisis shows Europe has drawn the wrong lessons. Rather than doubling down on failed migration policies, the EU needs to address the underlying roots of such episodes.
Richard Youngs
- Taking the Pulse: Is Canada Leading a Third Way?Commentary
Canadian Prime Minister Mark Carney has twice inspired praise for standing up to U.S. President Donald Trump: at the 2026 World Economic Forum in Davos and on Canada-U.S. trade negotiations. Is Carney showing a third way better than the EU has in dealing with the Trump administration?
Rym Momtaz, ed.
- Europe’s Self-Confidence ProblemCommentary
The EU’s responses to two recent incidents expose the gulf between European perceptions and capabilities. Unless the union can bridge that gap, it will never become a real geostrategic power.
Rym Momtaz
