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Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil.
Max Keiser
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"Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil."
— Max Keiser #moneywealth

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Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tre…

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Russia's economy is both cursed and blessed by oil. When the oil price goes up, there is a tremendous 'wealth effect' spilling over into all corners of the economy, but this diminishes the drive to develop other industries to diversify away from overreliance on oil. — Max Keiser

About Max Keiser

Max Keiser was a Journalist from United States (1960–present).

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Frequently Asked Questions

Who said "Russia's economy is both cursed and blessed by oil. When the oil price goes up,…"?
This quote is attributed to Max Keiser, a Journalist from United States.
When did Max Keiser live?
Max Keiser lived from 1960 – present.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.