How Putin Is Turning Russia Into One Big Enron

In a few quick decisions, President Vladimir Putin has devastated Russia’s energy policy. This daring radical change of strategy will primarily hit state revenues. The essence of these policy changes is renationalization, a massive increase in capital expenditure and reduced efficiency. For years,Gazprom has carried out too large capital expenditures, 70 percent of which investment analysts euphemistically with call “value detraction,” which really means corruption or […]

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Obama’s Second Wind

Many commentators, both in the US and India, do not believe that President Barack Obama’s victory and his second-term foreign policy will lead to any surprises to US-India relations. They see more of the same. They should be proven wrong. Yes, the last four years have been a period of consolidation in India-US relations. They […]

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The Revenge of Geography

The most important facts about Iran go unstated because they are so obvious. Any glance at a map would tell us what they are. And these facts explain how regime change or evolution in Tehran — when, not if, it comes — will dramatically alter geopolitics from the Mediterranean to the Indian subcontinent and beyond. […]

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Trouble Brews In The Kingdom

A new report from Citigroup’s Heidy Rehman suggests that Saudi Arabia’s domestic petroleum consumption may equal production in 2030, leaving none to export. Of course, it won’t get this far—the kingdom’s balance of trade would quickly become unsustainable as oil exports dropped—but the report still highlights one of the many distortions in the Saudi economy. Read Here – […]

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Why It’s Time For Environmentalists To Stop Worrying And Love The Atom

Not long after a tsunami washed over Japan‘s Fukushima nuclear power plants in March 2011, causing a partial meltdown, it appeared to many that humankind’s half-century experiment with nuclear power might be in permanent jeopardy. Although nuclear energy provides 15 percent of the world’s electricity, all without spewing greenhouse gas emissions, many countries seemed ready […]

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