Vladmir Putin forming natural gas OPEC-like cartel?
Link:
http://news.xinhuanet.com/english/2008-12/25/content_10555083.htm
http://www.neurope.eu/articles/90618.php
Putin has decried the recent plummet of natural gas and crude oil prices and has attempted to reach out to natural gas exporting countries to develop a cartel system similar to OPEC.
Natural gas has been highly regarded as an abundant source of liquid fossil fuel to supplement petroleum use in Europe and the United States.
Will this work to corner the market for natural gas?
June 17th, 2010 at 3:16 pm
Oil failed, time to give natural gas a try. What’s wrong with establishing rule of law and a market economy, only Putin knows.