Russia has no choice but to MANUFACTURE a Natural Gas crisis in Europe. Russia lives and dies on the price of energy. My bet is Russia would rather live. Russia's biggest company, Gazprom, is mired in debt and Russia cannot afford for this company to come to any more difficulty.
Maybe they will blame it on Ukraine. Maybe they directly extort from Western Europe. I can come up with a dozen scenarios. Russia has no control of world Oil prices, but they sure can influence Natural Gas prices in Europe where they enjoy a near monopoly.
Not that I have any idea how to play this in the market. I don't. But it is something to think about.
Mentatt (at) yahoo (d0t) com
1 comment:
We have been the great game in the Caucasus for quite some time now, This may not go as planed.
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