Obama Said Set to Name National Security Team in Weeks

President Barack Obama may announce his nominees for secretaries of state and defense and head of the CIA in the coming weeks, according to an administration official. Former Nebraska Senator Chuck Hagel, a Republican, is among Obama’s top candidates to head the Pentagon, replacing Defense Secretary Leon Panetta, said the official, speaking on the condition of anonymity. […]

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An American President in the Age of Globalization

The announcement by the Norwegian Nobel Committee in October 2009 that Barack Obama had won the Peace Prize came as a surprise to just about everyone, including the recipient. The president, barely nine months into his new job, knew that the award was an encouragement of his aspirations, not recognition of his accomplishments. He said […]

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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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Slippery Negotiations: The Give and Take of Oil Contracts in Foreign Countries

When oil prices spiraled much higher in global markets between 2003 and 2008, the governments of several oil-producing nations — including Algeria, Bolivia, China, Ecuador, Russia and Venezuela — responded by expropriating local assets of independent oil companies that had contracted to operate in their territories, or by imposing large windfall taxes on their oil […]

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Energy To Spare

UNTIL the late 1950s America produced all the coal, oil and natural gas that its citizens could burn. But as they grew rich and bought cars as big as whales, America began to suck in fuel from beyond its shores. It now accounts for nearly a fifth of world energy consumption. China may be the […]

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Russians Are Afraid – and for Good Reason

Recent developments in Russia have evoked memories of a famous line by Vladimir Lenin: “The courts should not do away with terror … but should give it foundation and legality, clearly, honestly and without embellishments.” In just the six months since he reseated himself as president,Vladimir Putin has been busy creating a legislative framework that might make Lenin proud. Under the Soviet legal system, the court […]

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Restoring Russia’s Greatness

Greatness is an odd word because it signifies both quantity and quality. In the case of Russia, the two are easily confused. Even after the huge territorial losses incurred with the Soviet collapse, Russia still accounts for one-seventh of the Earth’s surface. Therefore, it has a geographical imperative to think big. Russia is unlike Britain and France, which shrank back to their middle-sized home nations after losing their […]

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Russia Warming up to Pakistan

The impending withdrawal of NATO troops from Afghanistan in 2014 has seen increased efforts being made by Russia and China to gain influence in the region. As a part of their strategy to secure its interests in Central Asia, Russia has been attempting to foster a relationship with Pakistan. Although, the first visit by any […]

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