WATCHING THE WORLD: The Sakhalin bear dance

Dancing with the Russian bear has been the rage lately, especially in the oil industry. It reminds me of the old song “Simon Smith and His Dancing Bear.”As the lyrics go, “Oh, I’d step out in style with my sincere smile and my dancing bear.” And they go on to say, “Oh, who would think a boy and bear could be well accepted everywhere. Its just amazing how fair people can be.”Words to that effect may well have been believed by many folks in the oil and gas industry, judging by the number of bears in the Kremlin picking up partners right and left. Many of their sincere smiles, though, have turned to unhappy frowns as the erstwhile partners now see th...

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