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There apparently is something about building pipelines that causes otherwise rational oilmen to indulge in reveries that would give an opium addict pause.

Sometimes it's not easy being Russia's neighbor - just ask Ukraine. Ever since the 1991 implosion of the USSR, Ukraine's relations with Russia have appeared between coldly formal and outright hostility, with a major irritant being the increasingly high prices Gazprom charges for natural gas.

Putin Calls U.S. Economic Parasite

Posted by Oilprice.com on August 3rd, 2011

Don’t expect to see Russian President Vladimir Putin invited to the White House for a sleepover in the Lincoln Bedroom anytime soon.

Vladimir Vladimirovich has committed the unpardonable diplomatic sin of speaking bluntly.

The past two decades since the 1991 collapse of Communism have seen the Russian Federation and the U.S. involved in an updated version of the 19th century’s “Great Game’ for mastery in Eurasia over the debris field of the former USSR.

In the past three decades the Islamic Republic of Iran has developed a well-earned sense of paranoia. First, in September 1980 Saddam Hussein invaded Iran in what he thought would be a quick military victory, but which quickly turned into an eight-year bloody slugfest, leaving an estimated 500,000-1,000,000 dead before the guns fell silent.

Japan’s 11 March catastrophe at its six-reactor Daichi Fukushima nuclear power complex has had global repercussions, hardly surprising given the trillions of dollars invested in civilian nuclear energy over the last five decades.

Many western analysts have described the post-Soviet tussle for Caspain and Central Asian energy reserves as the new “Great Game, except this time around, Russia is facing the U.s. rather than the British empire.

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