OGJ Editorial: Russia, the US, and oil

06/03/2002
Russia has leaped out of its post-Communist muddle, heading determinedly west. Last week it crossed a remarkable threshold by joining the North Atlantic Treaty Organization as a nonvoting partner.Close to the center of this historic embrace between former antagonists lie two, tantalizingly related developments. One is the growing camaraderie between Russian President Vladimir Putin and US President George W. Bush. The other is steady recovery since 1994 of Russian oil exports. Inevitably, the suggestion has arisen that the US government encourage imports from now-friendly Russia to displace oil from the presumably unreliable Middle East. It's a bad idea.Oil in trade The US and other c...
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