Only Low Oil Prices Will Oust Putin

Only Low Oil Prices Will Oust Putin

The protests that began in December indicate that the active and educated segment of society is tired of the Putin regime. They understand that the economic prosperity of recent years was due not to Putin's genius but to high global oil prices. They also understand that the Russian economy could just as easily collapse if prices drop. Many people rightfully conclude that because Putin has done little to develop the economy since he came to power in 1999, it is unlikely he will do anything in the future.

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