Russia's oil boom nears peak, leaving major decisions for the nation's next president

Russia's 12-year oil boom is nearing its peak, forcing the next president to decide whether to cut taxes and revive production or use the windfall from $100-a-barrel oil to boost public spending and quell mounting unrest.

Click here for the Bloomberg News report.

--Jack Z. Smith

Comments

[Ana Merican]

So Jack I see you are now puzzled over how this president is performing and predicting trouble for the next one just like you did in 2008 except this time you left the slave words out...I wonder why?
"Next president will be a slave to Bush administration fiscal woes"

So are you still blaming Bush?

President Barack Obama's 2012 budget proposal projects this year's deficit will reach $1.6 trillion, the largest on record, as December's tax-cut deal begins to reduce federal revenues, a senior Democrat said Sunday.

THEN: "Longtime budget hawk and former presidential candidate Ross Perot Sr. notes that the national debt of nearly $9.6 trillion "is increasing by over one billion dollars every day.""

NOW: We are increasing at over $4.3Billion every day.