Beware the bear trap
Yesterday, a "highly placed source" in Moscow was reported as saying the Kremlin intends to turn off the oil export pipeline to the EU on Monday, so great is Russian ire about the rhetoric in Brussels and warships in the Black Sea. If this is true, we are entering a whole new ball game in what has come to be called "energy security". Even if the report proves false, the west should be on red alert about energy export weaponry.
Barely noticed in the runup to the crisis in Georgia, Russia signed a deal that gives its energy giant Gazprom control over gas supply from neighbouring Turkmenistan - one of three former Soviet satellite states around the Caspian sea on which Europe is pinning its hopes for a future gas supply.… Seguir leyendo »