Tag: Energy security

A Eurasian gas bombshell

At the Dec. 1 joint press conference held by the leaders of Russia and Turkey, Vladimir Putin announced that Russia was abandoning its ambitious South Stream project that would have significantly increased the supply of gas to Europe, sidestepping Ukraine. The expanded gas exports will now travel south – through […]

Growing Inner-European Discord about Lifting E.U. Ban on Arming Syrian Opposition

The Austrian Foreign Minister, Michael Spindelberger and Germany´s Foreign Minister Guido Westerwelle have expressed their opposition against lifting the E.U. ban on arming the Syrian opposition. Inner-European discord about lifting the ban grows as more details about massacres and chemical weapons use by opposition forces emerge. The inner-European discord also […]

US Will Punish Its NATO Allies, Not Iran

Will the economies of Greece and Italy finally collapse without Iranian oil? Having declared that the US-EU friendship will depend on whether Brussels supports Washington in its bid for imposing sanctions against Iran, the US president left Europe with no choice. The European Union, desperate to at least slow down […]

Oil and War In Libya

High oil prices have recently become word of the day. Economists are arguing about how long this trend will last and whether it will cause another world crisis. When the USA along with their NATO allies started the military operation in Libya, numerous observers were perplexed, as long as Americans […]