Editorial - Questions about Russia

Recent dramatics in Russia provide a useful reminder that, after a dozen years of economic and political liberalization, the land of the czars is still no Switzerland. The same, of course, can be said of most countries in which oil and gas companies conduct expatriate operations. As evidence builds of Moscow's determination to bury OAO Yukos after assurances to the contrary, speculation has surged that foreign oil and gas companies in Russia might look for the exits. Quickly if only partially, however, President Vladimir Putin eased those worries with soothing words to James Mulva, chief executive officer of ConocoPhillips, about the company's hopes to broaden its investment in O...

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