Culture
Russia’s Thirst for Oil
|
Russia has been single-minded in ensuring its hegemony over oil rights and delivery throughout Eastern Europe, and now seeks to edge out its American competitors in providing oil to Western Europe as well, say analysts. Vladimir Putin shocked observers by announcing a plan to annex a 460,000 square mile chunk of oil-rich Arctic last week. Russian scientists claim there is evidence showing that its northern Arctic region is connected to the North Pole by an underwater shelf. Critics counter that Canada could make the same claim — and besides which, nobody owns the North Pole. Putin also met with the leaders of eight Balkan countries to persuade them to back his new Italy-backed venture to build a gas pipeline under the Black sea from Russia to Bulgaria, saying it would benefit all of Europe.