Ever since Moscow decided to up the ante and invade the Crimean peninsula, shale gas reentered journalist lingo. Many have chipped in the debate, including Speaker of the House John Boehner who has argued that American gas is the sole remedy for Russia’s dominance of the European energy market. His diagnosis was that since natural […]
If the 20th century was about an ideological fight between market-economy versus Communism, the 21st could very much be about liberal democracy versus imperialism. This could be the very lesson of Russia’s invasion of Crimea. Power politics is – even though it has never disappeared – now a reality that the EU and the U.S. […]
As the Ukrainian crisis escalates, President Barack Obama has been busy making the diplomatic rounds trying to build support against the unilateral attempts by Crimea to break away from the new government in Ukraine. President Obama said the United States is examining a series of economic and diplomatic steps to “isolate Russia,” and he called […]
There is always a danger in economies that are heavily dependent on one commodity to become states where conflict and power vacuums arise due to the concentration of power in one industry, and that industry having control of a large part of a national economy. External pressures for countries that are oil producers are the […]
This past weekend, Russian marines in unmarked uniforms (or possibly, but less likely, private contractors paid by Russia) seized the airports of Crimea, allowing Russian planes to fly troops into that autonomous region of Ukraine while large-scale Russian military maneuvers to the north distracted the Ukrainian army. The quick and somewhat stealthy action permitted […]