Tuesday, December 12, 2006

Deja Vu, All Over Again?

Read this article from the Guardian and see if it looks like Russia is making bold moves towards nationalizing that country's oil industry.

Shell is being forced by the Russian government to hand over its controlling stake in the world's biggest liquefied gas project, provoking fresh fears about the Kremlin's willingness to use the country's growing strength in natural resources as a political weapon.

After months of relentless pressure from Moscow, the Anglo-Dutch company has to cut its stake in the $20bn Sakhalin-2 scheme in the far east of Russia in favour of the state-owned energy group Gazprom.

Come on now, everybody sing it with me:

Back in the US..,
Back in the US..,
Back in the USSR.

No comments: