Is Russia’s Characteristic Pride Going Before an Energy-Related Fall?


Oops. Russia has long held a pretty enviable position in the worldwide energy market.  The country is one of the two largest oil producers in the world and was only recently overtaken by the US as number one in natural gas production. [image source] That Russia has been graced with petroleum fortunes hasn’t inspired it…

Oops.

Russia has long held a pretty enviable position in the worldwide energy market.  The country is one of the two largest oil producers in the world and was only recently overtaken by the US as number one in natural gas production.

Captura de pantalla 2014-03-11 a la(s) 08.44.01

[image source]

That Russia has been graced with petroleum fortunes hasn’t inspired it to be necessarily gracious about sharing, however. In fact, Russia has been called a “gas terrorist” for regularly constricting the supply of natural gas to the eastern and central European neighbors who depend upon it for home heat.  This perverse form of punishment for governments who dared to argue with Moscow left citizens of Ukraine, Belarus, Georgia, and Moldova shivering through harsh winters.


Dan Eberhart Avatar