The Eurasia Monitor provides a US-centric view of the issues I covered in my Part 2.0 post yesterday EUROPE CALLS GAZPROM'S BLUFF AND PONDERS ITS THREAT.
Some good points mixed with the usual references to the 2008 Issue. The good is that Russia exports 45% of its gas to Europe.
The bad is that Russia needs Europe more than Europe needs Russia. An energy supply issue that recent events would tend to disprove.
The questionable relates the speculation regarding VVP's future after 2008. Assuming that he does not stay as President or Prime Minister or something else (a safe -ish assumption) the big gossip is that he intends to take on GAZP. Quite how the current supply spats feature in this scenario is not made clear.
Meanwhile the oil boys are feeling left out and called their own press conference to announce that Europe had enough oil - don't be misled by the headline. Transneft pipes oil not gas: Transneft warns of cut in Europe’s gas supplies
[composed and posted with ecto]