March 6, 2014

INVESTOR’S BUSINESS DAILY: Seven Energy Policies To Make Russia Pay Over Crimea. “Russia’s economy is barely growing and is increasingly dependent on energy production. Oil and gas account for more than half of Russia’s federal tax revenues and about 75% of total exports. Three-fourths of natural gas shipments go to Europe. Europe is dependent on Russia, but the tables are starting to turn. . . . Luckily, this gas-oil price link is starting to break down, thanks to limited liquefied natural gas (LNG) imports and other advances. Here are seven energy policy steps that the West should adopt, all of which have the side benefit of undermining Putin.”

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