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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: tejek who wrote (319973)	1/11/2007 4:29:42 AM
From: GUSTAVE JAEGER	Read Replies (1) \| Respond to of 1574054

Re: ...like the situation in Europe.......where Russia is holding nations hostage for their oil and NG whenever they don't like what that nation is doing. I would not want the US to be put in the position of a Germany or a Poland where their NG or oil could be turned off at a moment's notice as a punitive measure. I'm afraid you got the "Russian energy blackmail" upside down... The recent surge in oil/gas prices was artfully engineered by Wall Street to pull Russia out of her desperate financial straits. Remember the Yeltsin era: White House Says Financial Backing For Yeltsin Should Be More 'Energetic' : How Best to Aid Russia? U.S. and IMF Disagree By Alan Friedman International Herald Tribune Friday, January 7, 1994 As President Bill Clinton prepares for his first NATO and Moscow summit meetings, a behind-the-scenes fight has broken out among Western government officials and economists over the strategy for disbursing as much as $13 billion of Western aid for Russia through the International Monetary Fund. [...] iht.com Pathetic, wasn't it? Yeltsin's Russia was already sitting on the world's largest gas reserves and yet, had to beg IMF and other western scrooges to bail her out! Until some smarties from Wall Street figured out that a better way to bankroll bankrupt Russia was to pump up oil&gas prices like crazy! That way, the West will still funnel zillions of dollars to Russia --thru payment of Russian oil/gas deliveries-- but the difference for Russia will be that it won't be borrowed money!! Russia will EARN those zillions of $... and her financial balance will not be hurt and burdened with debt service. That's why I believe Putin will not push his luck --he doesn't want to end up back in Yeltsin's shoes, haggling with IMF moneylenders, does he? Clues: Message 22423689 Message 22423706