Jonesy55
2008-12-01 03:49:18
Free trade and cross border investment is a cornerstone of the capitalist system and Russia’s grip on Europe is exaggerated anyway. Repsol could probably do with the investment.
The more Russia attempts to use energy as blackmail, the more Europeans will look for alternatives, whether it be renewable energy/efficency improvements, nuclear power, gas pipelines to Africa, LNG shipments from Qatar or most likely a combination of all the above.
Energy blackmail wouldn’t really work anyway I don’t think as Russia couldn’t afford to cut off its main source of foreign income for any length of time.
