Wednesday, December 27, 2006

A growing political economy

Russia's Gazprom raises gas prices to Georgia

by 100%. Like I said, ominous has been added

to the oil price and now the gas price.
In the first sign of a regional backlash, he attacked Russia's use of energy as a tool of foreign policy, although he was careful not to name or criticise President Vladimir Putin personally. The price of oil and gas should "be a commercial matter", immune from attempts to "politicise it", Mr Aliev said.

The political economy in oil, already the

predominant one, comprising 70% of the


Full article.