Monday, January 23, 2006

Can the World Rely on Russian Energy Supplies?

Here's a fantastic quote from Georgia's President Mikhail Saakashvili after a mysterious explosion knocked out the supply of gas from Russia.

"I think the world should wake up to the threat of this kind of behavior. Yesterday it was Ukraine, today it is Georgia, tomorrow it might get anywhere where Russia sells its gas and electricity."

Europe, you can now officially be frightened (if you were not already after the Ukraine embargo). Putin is not fooling around anymore and he's got the gas to prove it.

1 comment:

L-train said...

I was reading about some German solar companies, and one concern they had going forward for their capital planning was whether the ridiculously generous German subsidy would remain in place over the next few years.

I'm guessing that, with all of these recent events, those companies are resting easier.