#40 Jonathan S I agree about the decline in North Sea Oil - Comment - Israel News | Haaretz Daily Newspaper
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    • Chris Linthwaite
    • 16.01.07 | 17:08 (IST)

    Although it wasn't any good in producing petrol anyway. Although as the oil price rises then the oil fields which are found in the Atlantic will become economically viable to be exploited. Russia is strutting around at the minute as the new boy on the block, but gas and oil is bought in conntracts when it is in a pipeline, if Russia will not or cannot guarantee supply then Europe will go elsewhere so everything will calm down eventually. No good having the stuff if nobody will buy it. As for Russia's attitude to Iran $700 million contracts like the one delivered today will drive Moscow's foriegn policy as it would Israel.

    from the article: Moscow's Mideast myopia
    First published 00:00 16.01.07 | Last updated 00:00 16.01.07
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