With sky rocketing oil prices pressing down on the economy of the United States and indeed the world, American media sides steps the issues with a professionals grace deflecting the populations attention. Focusing mainly on increased demand and sighting decreased supply and the war in Iraq as major causes.
But as the west makes it's moves on the OPEC nations the Russian equations is silently left out of the popular media. Russia is the second largest oil producer in the world next to the combined output of OPEC and is no stranger to the game of manipulating world politics with it's resources.
Since the end of the cold war North American media coverage of Russian affairs has evaporated, but after almost two decades of quiet recovery and expansion of it's economy this sleeping giant has been asserting it's authority, positioning itself as "one of the regional great powers." according to Irina Kobrinskaya of the Institute of World Economy in Russia, in statements made to Al Jazeera on June 15th. She goes on to say that "this is a fact of life and Russia wants it to be admitted by the world."
The last few years have seem amazing growth in Russia, and clearly it has ambitions to regain it's former prominence in world affairs. As the largest single nation producer of OIL the government is flush with dividend and allowing rapid development and quickly increasing it's economic clout. Like us there citizens are bearing the brunt of this paying a premium for fuel.
In fact Russia has been asserting for some time and has been trying to soften it's image of late while at the same time making sure the world knows it's not just a veto power. Russia is reported to be considering an effort to bring other natural gas exporters into an international cartel similar to OPEC. Venezuela and Iran are also said to be pushing the cartel idea for an October unveiling.
A new world economic order "must also be multipolar and must include a more balanced distribution of finances and national resources," said Foreign Minister Sergei Lavrov.
As the Russians Shuffle there politics to pot on a kinder face, Vladimir Putin steps down from running Russia as President to running Russia as Prime Minister is quote saying in regards to U.S. plans for a limited defense against ballistic missiles, "a new arms race has been unleashed in the world." He vowed to field new weapons, which have been under development for years, "in response."
But as the west makes it's moves on the OPEC nations the Russian equations is silently left out of the popular media. Russia is the second largest oil producer in the world next to the combined output of OPEC and is no stranger to the game of manipulating world politics with it's resources.
Since the end of the cold war North American media coverage of Russian affairs has evaporated, but after almost two decades of quiet recovery and expansion of it's economy this sleeping giant has been asserting it's authority, positioning itself as "one of the regional great powers." according to Irina Kobrinskaya of the Institute of World Economy in Russia, in statements made to Al Jazeera on June 15th. She goes on to say that "this is a fact of life and Russia wants it to be admitted by the world."
The last few years have seem amazing growth in Russia, and clearly it has ambitions to regain it's former prominence in world affairs. As the largest single nation producer of OIL the government is flush with dividend and allowing rapid development and quickly increasing it's economic clout. Like us there citizens are bearing the brunt of this paying a premium for fuel.
In fact Russia has been asserting for some time and has been trying to soften it's image of late while at the same time making sure the world knows it's not just a veto power. Russia is reported to be considering an effort to bring other natural gas exporters into an international cartel similar to OPEC. Venezuela and Iran are also said to be pushing the cartel idea for an October unveiling.
A new world economic order "must also be multipolar and must include a more balanced distribution of finances and national resources," said Foreign Minister Sergei Lavrov.
As the Russians Shuffle there politics to pot on a kinder face, Vladimir Putin steps down from running Russia as President to running Russia as Prime Minister is quote saying in regards to U.S. plans for a limited defense against ballistic missiles, "a new arms race has been unleashed in the world." He vowed to field new weapons, which have been under development for years, "in response."
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