Putting the Pinch on Gazprom
Perhaps the catch-all slogan for this year’s U.S. presidential election could be “it’s not the economy, but the energy, stupid.” Surely it takes no genius to see the immense challenge of Moscow’s foreign policy as influenced by its control over energy exports, a level of market dominance that has filled them with sufficient confidence to seriously damage relations with the West simply out of the certainty that Europe will continue to buy more and more gas. What else are they going to do, build uranium nuclear power plants? Um, maybe? There is a possibility, outlined in a very knowledgeable article by Joseph Somsel in the American Thinker, which discusses that the new icy relations between Washington and Moscow could lead many policy makers to accelerate nuclear power development plans to ween Europe off Russian natural gas. The most controversial bit is right here: