These countries are heavily dependent on their oil revenue to support their governments’ spending – especially massive transfer programs. Even at $75 or $80 a barrel, these governments will have a difficult time financing the populist programs that they need to maintain public support.
油价下跌的大输家包括一些与美国及其盟友关系不太好的国家，如委内瑞拉、伊朗核俄罗斯。这些国家严重依赖石油收入支持政府支出——特别是大规模转移支付项目。即使以75—80美元/桶的价格算，这些政府也将难以为维持公共支持所需要的民粹主义计划融资。