Posted by alex in Alex Linder, oil, Russia at 9:45 am |
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Russia’s Great Gas Grab
By Thomas Lifson
The global economy is held together by silken threads of trust, the belief that contracts will be honored once signed. Without the assurance that governments will honor their agreements, individuals and companies would be reluctant to advance the substantial sums necessary to undertake large scale projects, such as drilling for oil or natural gas.