Once Again, Early But Not Wrong
Hey, here's what I wrote in 2008:
...we could see falling oil prices. If you are a petro-state, the combination of declining production and falling prices equals you're screwed. Of course, lots of things could happen and this analysis could be totally wrong, but I'm saying that there exists a significant probability that Russia is beginning its glidepath toward destabilization and, ultimately, disintegration. Once you're on that glidepath it is hard to break free, you can hang on if you are adept, but the destination is usually a given.Not bad.