Robin wrote..
According to Putin it is because of the proposed US defense missiles being
located in former Eastern block countries, which he opposes.
However in my opinion, the actions of both the US and Russia are aimed at
"protecting" (cornering the market) what remains of the World's oil wealth.
Howdy Robin ,
Interesting observation considering Russia has unproven reserves outa the
kazoo, Cornering the world petro wealth just got mucho difficult by
PetroBras of Brazil bringing in discovery wells off their coast with
estimated billions in barrels of light crude. They have backed off on
offering leases on adjacent offshore tracts with this discovery.. some Texas
locals believe they hit the mother lode down there.. also some rumbling of
another field off Australia that can be the grandaddy to them all.
Houston is the home of the 'wildcatter" and they love a great discovery
tale..
Grab you seats.
Richard
