Energy Blast – Dec 13, 2011

The Financial Times reports on how, at the end of a year of major global upheavals sparking fluctuations in oil prices, traders have now added Russia to their risk lists.  Prime Minister Putin has attended the launch of a new nuclear reactor at the Kalininskaya plant in Udomlya, calling it part of a ‘renaissance’ of atomic energy.  Gazprom CEO Alexei Miller has warned ‘[t[here will be no New Year’s gifts’for Ukraine as the two sides continue long-winded price negotiations.  In a blow to the integrity of international climate change agreements, Canada will become the first country to formally withdraw from the Kyoto Protocol.