Observations on the Problematic Potential of Russian Oil and the Complexities of Siberia

An economic geographer and noted American observer of the Russian oil industry since the early 1970s examines the mid-term (15 to 20 years) sustainability of the current surge in oil production, particularly in light of the many complexities affecting the existing and potential petroleum resources of Siberia. Analysis and discussion cover the role of vertically integrated companies, the impact of geological and geographical constraints, the reserve pyramid, and significant aspects of the institutional and political environment, such as ownership, taxation, access to pipelines, export routes, and the role of foreign capital. Distinguishing West Siberia from the oil frontier of East Siberia and the Far East, the author argues that the present boom is not sustainable. Journal of Economic Literature, Classification Numbers: L71, O13, O18. 1 figure, 2 tables, 83 references.