Davos & the U.S.

[ChrisD(RJ)]

At 10:46 AM +0300 1/26/03, ChrisD(RJ) wrote: 
>Europe runs largely off Russian gas. 
What's the proportion? 
-- 
Yoshie
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Maybe I should add that, since Russian gas and oil companies are required to
sell to domestic industry and consumers at well below market rates, the
profit is all from exports. They don't get money from exports to Belarus,
Armenia or Georgia either, as Russia subsidizes the economies of all those
countries. They've really been pumping up the juice. Russia is one giant
power plant.

Russia became the world's largest oil producer this month.