“In real terms, due to the chemical makeup of the Nizhnevartovsk oil, the net total production loss understates the actual impact on our economy. Siberian oil is ‘light, sweet’ crude, which means that it contains a disproportionately large amount of the most valuable fractions—those which we use to make gasoline, kerosene, and diesel fuel, for example. The net loss in these particular areas is forty-four percent of our gasoline production, forty-eight percent of kerosene, and fifty percent of diesel. These figures are rough calculations I made on the flight back, but they should be accurate to
...more
