Wednesday, October 11, 2006


Resource Nationalism

Russia's Gazprom has had a change in plans for developing the Stockman deposit. One seeming off-hand remark in this article is "...the possible technical risks are outweighed by the advantages that Gazprom will receive from preserving its resource base." And there you have it. Why are countries that still have appreciable oil and gas resources suddenly cautious about having foreign capital develop them?

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