I have been promising myself to write a mega post on Russian Energy Policy. I keep getting put off by the complexity of the subject, the diversity of views and by the different threads that make up Russian energy. To get around the issue I have decided to break the subject down in to a number of different posts.
The first is the easiest to write (which is why I am writing it first) and is a continuation of the caveat emptor series on the Rosneft IPO.
The second is a series of thoughts on the legitimacy of GAZP, a Government controlled vehicle which is explicitly an arm of Russia foreign policy, bidding for Centrica. Cynics (which includes me) might question who controls whom which makes the question more relevant. Inherent in the central question is the legitimacy of using GAZP's commercial activity as a foreign policy lever.
The third of the three posts is more nebulous and the subject somewhat harder to tie down. In essence it questions whether Russian policy is based on reality, or a fiction that is fed from professional managers to 5th Directorate thugs. The risk is that I will head off in to Peak Oil discussions where I am not competent to comment - not that it has stopped me in the past.
So with that as my essay plan for this afternoon its time to do what all good students do when faced with a long essay to write. Make a cup of coffee, some lunch and read a bunch of unrelated information.
[composed and posted with ecto]