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Energy Blast – July 9, 2008

On his recent trip to the Caspian, Medvedev did not sign any new energy agreements, but leaders of Russian energy companies “portrayed his visit as a success for Russia’s strategic interests” all the same. TNK-BP is facing new demands for information from the Russian authorities regarding a group of foreign employees. Members of AAR are understood to have met with BP investors in the UK to combat negative media portraits. Gazprom will buy its gas from Central Asia at double today’s rates from next year. Jack Gerard’s new role as the chief spokesperson for the oil and gas industry in the States will make him “the most hated man in Washington.” The price of oil has dropped more than $8 in two days.