Aug 7, 2007

"False Patriotism"


Pavel Baev has really outdone himself.

"Seeking to maintain the breathtaking run-of-luck momentum, Russia has arrived in a rather tight corner where its fast growing internal demand for cheap energy clashes with the imperative to export huge volumes of hydrocarbons at the highest possible prices....The symbol of Gazprom – a capital G with a blue flame – has become a sign of energy insecurity, and Russia’s attempts to maximize its benefits by stamping this symbol on every available reservoir, even deep under the Northern Pole, would inevitably backfire. False patriotism fuelled by gas intoxication is a recipe for a truly bad hangover."

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