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Energy Blast – Sept 18, 2008

President Dmitry Medvedev has called on security chiefs to establish a formal border in the Arctic, territory which he views as crucial to Russian energy security. Arms control advocates see the nuclear energy accord between the US and India as potentially damaging anti-proliferation efforts. Henry Kissinger writes on how the world’s biggest oil consumers might change the current dynamic of energy supply and demand. Britain’s impending energy shortfall will leave it vulnerable to Russia, says one journalist. Gazprom and LUKoil have been fined for charging identical prices for gasoline and diesel. The International Energy Agency has warned that the world economy faces a recession if the price of oil stays above $90 a barrel. The US says it will take measures against companies it believes are assisting Iran with its nuclear program.