The oil collapse severely hurt most of the large petroleum companies, except the Russian ones. Because Russia's economy revolves around oil, the Ruble tanked in value. This benefited the petros though. Globally oil is bought and sold in USD. So while every barrel is worth a third of what it was two years ago in USD in Russia it only experienced a twenty percent drop in Rubles. So by fucking over the country by over producing, the Russian petros (Putin) can continue to over produce and still take in all of the money. It's a beautiful thing.
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