The rising power in the East.

PWALPOCO · Posted: Fri Jun 23, 2006 10:40 am Post subject: The rising power in the East.

Well no , not the far east , not even the middle east , just our old chums in Russia again.

Certainly they seem to grabbing little headlines on the energy front every other day.

First up ..... remember how Gazprom wanted to buy UK gas company Centrica ? Well , theyve decided to start smaller and buy a little known UK Gas company. From little acorns ......

BBC Gazprom Story

Seems also that now oil is so expensive , together with the gas that Russia is awash with cash. Those dollars eh , flying round like confetti, to the point that Russia is paying of a multibillion dollar debt from the bad old days. The cheap Saudi oil may have ruined the Russians back in the day , but now everyones paying the price.

BBC Russia to pay off debts.

Paul
_________________
All that it takes for evil to triumph is for good men to do nothing.

fafhrd · Tar Sands Joined: May 04, 2006 Posts: 44

Don't feed the LutherQuick!

evilgenius

I think you are right to bring this up. I believe the biggest threat to the world lies with an enraged Russia should it be stymied by the US again like it was by low oil prices brought on by Saudi overproduction. I believe that the Russians view this as their time. If they are robbed of it they will not go quietly.

I look for them to continue to frustrate the US via their proxy, Iran. In some ways this is right up the right wing's alley. Bush and co will probably think it is a gift. Bush and co haven't, however, got a clue as to statesmanship. They only play to the domestic crowd. They will suffer the most when that same domestic crowd can't take it any longer. That is assuming there is still a crowd left to get fed up.

lutherquick

tisk, tisk...
too bad...

Like Mel Brooks said "it's good to be king"