Russia Moves to Control Gas Prices
You’ve got to love the brutal honest of Vladimir Putin and Drmitry Medvedev: shortly after being accused of invading an innocent country and trying to bully it and all others in the region into submission, and blackmailing again others, they move to “control gas prices.”
They will organize a meeting on November 18 in order to establish a gas-version of OPEC. As most readers will know, OPEC is an organization of countries that produce and export oil. All in all, this organization’s members produce 40% of the world’s oil in any given year. Every now and then OPEC comes together to determine who many barrels of oil will be produced, which lets them, to a very large degree, control the prices of oil.
And when push comes to shove, when they feel threatened by, say, the West, they can cut all oil exports, thereby paralyzing the entire world.
Russia is now planning to do the same for gas producing and export countries, which will make it even easier for Moscow to bully, blackmail and threaten all those who dare resist it.
The next couple of years are going to be great fun dealing with Russia.
This website uses IntenseDebate comments, but they are not currently loaded because either your browser doesn't support JavaScript, or they didn't load fast enough.
Comments are closed.
PoliGazette Comments Policy
PoliGazette encourages comments from all viewpoints, especially those that disagree.
Comments submitted must, however, adhere to the following standards. Comments that violate
these standards may be edited or deleted without notice at the sole discretion of the editors.
Commenters who repeatedly or egregiously violate these standards or who attempt to argue
publicly with editors regarding the comments policy may be banned from commenting further.
(1) Comments should address the substantive content of the post. Comments that repeatedly
or blatantly misrepresent the content of the post or of others' comments are not welcome. Comments that
respond to something other than which the contributor or commenter may have said are irrelevant and should
not be posted.
(2) Comments should avoid vulgarity as well as racial, ethnic, religious, or sexual bigotry.
(3) Comments should not personally attack the character, personal integrity, or professional
reputation of any PoliGazette contributor or of other commenters.
(4) Comments should reflect the contributions of the commenters themselves and should not
include extensive cut-and-paste reproductions of others' words except insofar as necessary to supplement
the commenter's own arguments. Link spam, trackback spam, and propaganda spam will be instantly deleted.
(5) Public figures are considered open to all substantive criticism of their policies and statements.
Comments that present objectively false factual information about public figures (i.e. "Obama is a Muslim") or
that attack public figures by attacking their families are not welcome. Comments that merely repeat
slogans for or against a candidate without engaging in substantive comment are not welcome.
Questions or challenges to these policies or their application should be directed to the editors
by email only.
bad link Michael.
but I doubt they would have any interest in paralysing the world. Their economy is too tied to fossile fuels – which makes them extremely vulnerable to low fuel prices – just like Iran, etc.
Their interest like Iran, Venezuela, etc – is to keep prices high to continue funding their economic social programs.