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Energy and Resource Industries

Russia's advantage

Russia's advantage

The European Union and the United States recognize that there are ways they could play constructive roles in resolving the Ukraine crisis. But some of the suggestions revolving around natural gas and oil being floated suggest a profound misunderstanding of the politics, economics and geography of energy in the region. The notion that Europe and Ukraine could somehow become independent of Russian energy resources is utterly unrealistic.

Russia is a resource economy, a Saudi Arabia with lots of imperial baggage. President Vladimir Putin is well aware that without gas and oil sales, there are no monthly payments to his nation's pensioners, there are no continued investments in...

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