Wednesday, October 22, 2008

more proof of GWB's foreign policy genius

Russia tells OPEC eyes swing oil producer role

Wed Oct 22, 2008 11:32am EDT

By Amie Ferris-Rotman and Vladimir Soldatkin

MOSCOW (Reuters) - Russia could become a swing producer to influence global prices, the country's top energy official said on Wednesday as OPEC's Secretary General met with a Russian president for the first time.

The resurrection of a decade-old idea of a big oil reserve comes as another sign of Russia's growing ties with OPEC, which has unnerved global consumers already worried by talks between Russia, Iran and Qatar to create an OPEC-style gas group.

No comments: