Why Putin Wants Obama to Win

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    Why Putin Cannot Afford an Obama Defeat

    by Daniel Greenfield
    Oct 1st, 2012

    Ever since the KGB crawled back into power, it got by on the Saudi effect using oil and gas revenues from nationalized companies to create the appearance of prosperity, but now no longer able to depend on the oil and gas billions, Vlad the Impaler is in big trouble.

    Serious energy analysts in Europe spent many years trying to warn Gazprom exactly of these types of outcomes. But the problem now, is that the gas world has transformed so far beyond anything Russia can be begin to comprehend from shale shifts, that it will never be able to maintain its global stake

    That’s before you consider the incredibly smart hedging strategy China has put in place on the buy side, judiciously signing tepid ‘memoranda of understandings’ with Russia, while sourcing actual supplies from Central Asia, Australasia, the Middle East, West Africa and even North American markets, as the latest fertilizer to grow Beijing’s hedges a little higher. China’s own unconventional production will hit 100bcm by 2020. You get the picture. Global shale developments have been rocketing ahead; Gazprom was caught sitting on its hands, watching the gas world change around them.


    But Putin needs the money more than ever. The generals want to keep arming and the Russian public is angry over a regime that seems to care less about them, while its elites polish their golden knickknacks.

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    Why Putin Cannot Afford an Obama Defeat | FrontPage Magazine

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