What Countries are doing to manage oil Price.
Their is a series of meeting planned to discuss on the world oil prices, hope the meetings will help prices cool or bring some stability in the market.
In this regard I appreciate Russia's Statement "Russia is a global player. We understand our responsibility for the fate of the world and want to participate in forming the rules of the game Dmitry Medvedev - Russian president"
I feel the oil price hike will have a great implications on the world Politics, for example Europe is looking for a alternative partner for oil imports,Europe wants to be less dependent on Russia.Ukraine is willing to export to Europe on long term contracts through proposed Pie lines but the question is does Ukraine has enough oil production.
Russia is looking for another partner and this time it is China, Russian President Mr.Dmitry Medvedev was in China to discus about oil issues.
Countries are seriously looking at energy security and this would lead to creating new friends or differences between countries.
Views By Praveen
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