Which Countries Are Hit Hardest By Oil Prices?

The video discusses the impact of falling oil prices on major oil-producing countries, focusing on the break-even prices required for these countries to balance their budgets. It highlights the effects of U.S. sanctions on Iran and Russia, noting that Russia's current production is not directly affected. The discussion also covers hidden expenditures, such as military spending, that influence the true break-even prices. The political implications for Russia, particularly President Putin's approval ratings, are also examined.

Which country has the highest break-even oil price according to the transcript?

• Qatar

• Iran

• Russia

• Saudi Arabia

What is one reason why some break-even prices might be underestimated?

• They consider only domestic oil consumption.

• They are based on outdated data.

• They include all government expenditures.

• They do not account for military spending.

How do sanctions affect Russia's oil production according to the transcript?

• They target current production.

• They impact future production.

• They have no effect on production.

• They increase production costs.

What is a significant factor in Russia's economic challenges as mentioned in the transcript?

• High oil production costs

• Sanctions affecting current production

• Economic pain from sanctions

• Decreasing military expenditure

What is the approval rating of Putin mentioned in the transcript?

• 40%

• 100%

• 60%

• 80%