To: gregor_us who wrote (38079 ) 8/9/2008 2:39:03 AM From: Haim R. Branisteanu Read Replies (3) | Respond to of 218137 The main interested parties in very high price of oil are Russia and Iran both in subvert attempt to weaken the oil consuming Western Countries – Russia for economic sustainability and Iran for the other obvious reasons of regional supremacy - very similar to Venezuela. Most of the ME is only enjoying the ride. Low energy prices would hurt Russia hard as this is their export for sustainability as no one is in dear need of their military hardware. Russia main exports are NG, crude oil and coal whose price is linked to crude oil. Europe imports most of their energy from Russia / Asia and all is controlled by the Kremlin. Trough energy Russia yields control not only over the EU but also the Baltic States, CEE and Ukraine and tries to keep its former USSR sphere of influence intact. Too many forget, that Russia is run by former KGB types and their ideology, way of action and conduct has not changed since Stalin days, except that they unashamed amassing huge wealth trough extortion, bribes kickbacks etc. – TNK-BP now and Shell on Sakhalin are recent experiences in Russia, which represent the living testimony of KGB type code of conduct. telegraph.co.uk President Putin personally oversaw the signing of a deal in which Shell will hand over control of Sakhalin to Gazprom, while a key Kremlin official warned BP that it has no choice but to accede to Russian demands with its latest project, or face crippling sanctions BTW some of the former USSR states want to establish a grain “GPEC” to counter the US as the main grain grower and control food prices around the world – the best indication was the spike in wheat earlier this year. Russia, Ukraine, Kazakhstan et al let grain to rotten in their silos instead to export them. Timoshenko is as power hungry and selfish as any other Russian politician .. and she is not alone in the former USSR, as Stalin doctrine of brute power is to engrained in most of those countries The Russian speaking trading rooms in East Europe where mightily busy in manipulating commodities this year and to prove to the world who is in charge. Therefore no wonder that oil dropped in the last 2 days even that inexplicable all of a sudden the BTC pipeline from the Caspian Sea to the Mediterranean was blown up halting close to 1 bb a day, and all of a sudden Georgia decides to attack a few thousand square miles mountainous separatist region sparsely populated by merely 70 K people. If Afghanistan is a murky place, wait for the Caucasus/ Anatolia saga to unfold – I posted several posts about this region over a year ago – worth reading the links posted