0xB31B1B
Joined 10 years ago
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Nov 21
Joined 10 years ago
The oil production there is completely decimated. They have huge reserves but production is low and falling because the regime doesn't do any maintenance or support of anything in the oil production and supply chain. It is very much the meme of "living in the ruins of a once great society".
I wonder how much of this is downstream from them not being able to convert to a for profit and giving sam a slug of equity