• If you are having problems logging in please use the Contact Us in the lower right hand corner of the forum page for assistance.

Oil independence.

hypocritexposer

Well-known member
National oil companies control 77% of the world's reserves.(Saudia Arabia, Iran, Russia, Venezula, Brasil etc.)

The big five international companies, control about 10%. What will reducing their impact gain the US?

Anybody remember the Railroad Commission?

For any of you Libs or OT, you better hope Obama has a plan B to go along with his Cap and Trade.

Euro soft power can't counter Russia's energy muscle
Published: May 22, 2009 at 2:12 PM

PAOLO LIEBL VON SCHIRACH || UPI Outside View Commentator

Russia certainly needs the cash coming from its immense annual oil and gas exports, especially its natural gas exports to the 27-nation European Union. Russian President Dmitry Medvedev and Prime Minister Vladimir Putin know that the nations of Europe would be crushed in a very short time without Russia's energy supplies.

Putin in particular has over the past decade repeatedly demonstrated his personal mastery of the complexities of energy and economics, and under his direction the Russian energy-producing section has become the one indisputable success story in the otherwise problem-plagued Russian economy.

Russia is the world's second-largest exporter of oil and the world's largest combined exporter of oil and gas. Europe would be crushed in a very short time without Russia's energy supplies. In this context, sadly, Europe is militarily irrelevant and economically dependent. Thus Moscow simply ignores it. Which is to say that soft power alone, when dealing with a rather rough neighbor, may not do the trick.

http://www.upi.com/Security_Industry/2009/05/22/Euro-soft-power-cant-counter-Russias-energy-muscle/UPI-75051243015924/
 
Top