Ukraine: Energy Hocus-Pocus

The last few weeks were filled with stories about Russia using natural gas as a “tool” against Ukraine. I will not defend Russia against this accusation, but I will defend their right to raise the price – sort of. Everyone is shouting about how evil Russia is, raising the price of natural gas to Ukraine from $268/mcm (thousand cubic meters) to $485/mcm. Yatsenyuk, […]

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