Friday, July 18, 2008

Russia's energy drive leaves US reeling

By M K Bhadrakumar
Asia Times

"President Dmitry Medvedev is pursuing Russia's energy diplomacy with a vengeance. As a former head of Gazprom he is balancing the energy giant's oil export strategy between Europe and Asia-Pacific, and, significantly, has secured the right for Gazprom to handle the entire output of Libya's gas, oil and liquefied natural gas. Medvedev has also revived with Iran the idea of a "gas cartel". Ferocious rivalries over energy security will rock the foundations of overall United States-Russia relations....."

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