Oil and Gas Today with Chris Faulkner – Podcast #470

Putin continues his reign of terror on the Ukraine. However, that picture could be altered significantly should the US and Europe sanction Russia’s two big energy companies, Rosneft and Gazprom, and thus prevent the western oil majors from helping Russia to develop the shale and Arctic plays. Many analysts believe that Russia’s ability to exploit the Arctic would be crippled without western expertise. Further sanctions will be a central topic when US president Barack Obama meets for four hours in Washington tomorrow with German chancellor Angela Merkel. But, even if Obama is prepared to strike Russia’s oil companies, few believe that Europe will go along. That hesitancy is at least partly why Russia and its supporters continue to swallow up town after town in eastern Ukraine as the day’s countdown to competing elections to define Ukraine’s future.

Comments are closed.