Belmont Club

By Richard Fernandez

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The fire in Russia

August 17, 2008 - 4:33 pm - by Richard Fernandez
Mark Maps
2008-08-18 10:27:20

Wretchard,

Table 4 appears to display Russia’s strength, but the flip-side is its display of Russia’s weakness.

If Putin doesn’t understand that the US is fully capable of driving the price of natgas down to the point Russia HAS to sell to Europe just to keep its head above water internally, then he hasn’t thought this through thoroughly enough.

Watch the price of natgas in the coming months.