Monday, June 4, 2007

A BP Break-Up With Mother Russia


Over the weekend, Russian President Vladimir Putin canceled his country’s contract with BP. According to the Kremlin, BP has not been producing a “satisfactory amount” of gas. Fair enough.
But we’re suspicious. Russia has the largest natural gas reserves on Earth and is the world’s second largest oil exporter. Senor Chavez’s forays into nationalization in Venezuela may have Putin longing for the days of yore in his Mother Russia. Will he take the next step? It would be a bold one…

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