… should it so decide Europe will have to spend the winter in cold,” Hossein Salami, deputy commander of the Revolutionary Guards, said i
Archive for March, 2010
So Long, Salad Days
Five years ago, when oil prices were climbing steadily and economists were stoking fears about peak oil and gas, it seemed that major energy producers like Russia were holding all the cards. Then-president Vladimir Putin spoke of his country as an “energy superpower” and used energy supplies as a blunt instrument of Kremlin foreign policy. Gas cutoffs to Ukraine caused panic in Europe, while Western energy companies fell over each other to get a slice of Russia’s oil and gas fields.
