Hess To Form MLP For North Dakota Oil, Gas Transport Assets This opinion piece presents the opinions of the author. It does not necessarily reflect the views of Rigzone. U.S. oil production is surging, and it’s helping to cripple the Russian economy. It’s a win-win situation With 40 percent of the Russian economy hinging on oil and gas sales, America’s oil and gas boom is doing more to bring President Vladimir Putin to his knees than any of the sanctions being imposed by the U.S. and Europe. Competition in the form of increased U.S. energy exports is the last thing Putin wants to see, so that’s exactly what we should do. Russia is currently the third-largest oil producer and the top exporter of natural gas, and you better believe that Putin uses these advantages to push his agenda regionally and globally. Russia needs oil prices to stay above $110 […]