Reply #3: Absolutely, Smashing --Baby. Russia is #2 in World Oil Supply [View All]

[clapton]

"Russia is currently the number two oil producer in the world, and plans to be on par with Saudi Arabia by 2010. As the U.S. looks beyond the Middle East for alternative sources of oil, President Vladimir Putin is positioning his oil-rich nation to take Saudi Arabia’s place."

Here's my favorite part,

"The bottom line: If Putin is successful in exerting control over the Russian oil industry, the U.S. economy will be directly dependent on decisions made by the Russian president and Kremlin. President Putin, a former KGB operative who has systematically populated the top tiers of Russian government with anti-western members of Russia’s current and former security service, will hold the reins of U.S. oil imports."

Now, isn't that special? :P

http://www.future-of-russia.org/issues/oil.cfm