Well, Libya can do better - it hit ~3.5 million back in the 1970. If CMEA markets offered it consistent high demand and access to semi-modern tooling and expertise, I can see it maintaining or perhaps even expanding these numbers, unlike OTL.
It is possible we might be able to negotiate sweetheart investment-for-oil deals (basically, cheap loans, capital goods and provision of experts in return for fixed price contracts for oil), I think a few of those happened back in the 70s, but that will just ease the pressure slightly, not entirely relieve it.
Maybe we can import oil from Indonesia or our African friends?
We likely will be able to, but alot of the other producers who are friendly are either smaller producers who will stay small producers, or small producers who we would need to invest in heavily to build their production up.
For example, a fully spooled-up Libya, Nigeria and Angola would together produce about half what the OTL USSR did in 1980.
Likely what we'd be doing with investing in allied oil producers is spooling them up while extracting more oil ourselves over the crisis, so that after the crisis we have that production coming on-line elsewhere making up for the degradation of our own reserves and covering the ever rising demand as our allies grow their economies.
I think a high investment plan would be a bit counterproductive, higher inflation and internal demand for petrochemicals and fuels would make it more difficult to manage things when all of CMEA would be struggling.
The main way we will manage this is by pouring investments into CI, using Balakirev's personal focus to get more bang for our buck. We will likely have to make compromise with less resources to throw aroune, but dems the breaks unfortunately.
Thankfully, we are able to begin adressing this now. We are no longer wastefully burning fuel oil, and will soon be able to crack it. Dedicated gas projects will become available, and Saratov finished successfully before unfavorable leadership changes in the US.
I am sure those things, plus building out more nuclear reactors can keep things sufficiently on course in the USSR, but will they be enough to support our allies adequately?
I admit, I don't have a clear sense of what our CMEA allies and our non-CMEA allies need, so maybe there's not much we can do, or maybe their needs aren't as large as my gut says they will be.
And it is quite possible that the best thing we can do is go for the coolest economy we can going into the next plan. Especially as the path towards the Euro will be transmitting our inflationary pressure to our CMEA allies with ever more efficiency the closer we get to full integration...
Oil crisis is actually good.
It could be good, yes. Certainly we can't continue being as raw material inefficient as we are currently...
We'll have to see.
Huh, you're right, they did. That's nice, though well, the bit about demand still applies in this case. I doubt Gaddafi will sell Red Europe ten dollars a barrel when the price is forty.
Hmm, does anyone accept roubles for oil? Or is it only dollars for oil as it was in OTL?
If Gaddafi (is Gaddafi actually in power in Libya in TTL?) accepts 40 roubles for a barrel instead of ten, it would be much better for us and our allies than if we somehow had to obtain dollars to buy Libyan oil.
Regards,
fasquardon