The truth is that these price increases are not political. Rather, they reflect worrisome economic and geological facts about Russian gas fields. The Kremlin is not simply trying to use Gazprom to reassert authority in Belarus, Ukraine or anywhere else. There are in fact deep problems with Gazprom -- problems created by its inefficient management and a looming decline in gas production.Going forward, that's bad news, as not only Europe, but soon North America, will have to rely on Russian natural gas.
All the more reason to turn to alternative sources like nuclear energy.
Apparently, we weren't the only ones who noticed Victor's piece.
Technorati tags: Energy, Electricity, Home Heating, Natural Gas, Russia, Electricity
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