cont'd:
http://www.msnbc.msn.com/id/12617717/site/newsweek/The Energy Wars
The rise of a new global energy elite means high oil and gas prices are here to stay.
MICHAEL HIRSH The World From Washington
• World Faces Devastating Energy Wars
The rise of a new global energy elite means high oil and gas prices are here to stay.
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• The GOP’s Sectarian War Over Iraq
WEB-EXCLUSIVE COMMENTARY
By Michael Hirsh
Newsweek
Updated: 6:55 p.m. ET May 3, 2006
May 3, 2006 - It is a mantra of the globalization crowd. In today’s global economy, we are told, all that really matters is which country produces the best brains and skills. The world is flat, after all. The playing field is leveled. Wrong, wrong and wrong. What also matters, we are learning, is who controls the world's energy resources. Evo Morales's abrupt decision earlier this week to nationalize Bolivia's natural-gas industry was only the latest worrisome move in a long-term trend. Morales, a leftist elected president last December, was apparently influenced by a meeting he had in Havana last Saturday with Venezuelan President Hugo Chavez, who's rocketed to international prominence by doing much the same thing to his country's oil industry. President Chavez, sitting atop his growing pile of petrodollars, has gleefully thumbed his nose at Washington’s efforts to rein him in. Similarly, Iranian President Mahmoud Ahmadinejad is defiantly enriching uranium and sneering at Western threats of sanctions. And he obviously thinks he can, perhaps because no one is threatening to cut off Iran's oil exports as part of the forthcoming sanctions plan.
The would-be czar of this new global energy elite is Vladimir Putin. Having spent the better part of his six years in office wresting control of his nation's vast oil and gas resources, the Russian president is now playing a brass-knuckle game of power politics. When Putin partially cut off gas supplies to Ukraine and therefore to Western Europe in the first three days of the year—mainly to bully Ukrainian President Viktor Yuschenko into taking a lower price—the European Union went into a state of near panic.