May 8th, 2006

dS Ben cries

Oh please say it isn't so!

From today's Financial Times.  So who needs reality television when you have this?

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Chirac's endorsement of Villepin (through a spokeswoman) reminds me of GWB's "Brownie, you're doing a heck of a job"; and we know what happened to the FEMA director shortly after that....
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Russia - Map

Food for thought

A letter published in today's Financial Times:

Sir, There is a worrying hollowness in the complaints from Europe and now America (for example, Dick Cheney's speech in Lithuania last week) about Russia using oil and gas supply to promote its own interests rather than those of Europe and the US.

Mother Nature did not allocate her bounty smoothly; some countries got lucky, others didn't.  We are, of course, a nice big global community, so we should treat each other nicely.  But any suggestion that Russia is morally obliged to supply us with gas rests on a number of very questionable assumptions about how nations "should" interact with each other.

I fear that Europe and America are in denial about a fundamental problem they have, namely that they use more energy than they can reliably supply.  Rather than do something about balancing demand to meet supply, they are starting a feeble and humiliating war of words with their suppliers.  No alternative, since bombing Russia would elicit a rather different response than bombing Iraq did.


James Atkins,
Vertis Environmental Finance,
1123 Budapest, Hungary
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