Oil and gas in the capitals ///

Sorting out the contentious Russia-US dialogue. The June 2007 G-8 Summit saw a lot of old Cold War rhetoric surfacing. This exchange of accusations and clarifications concentrated mostly on the US anti-missile project and the stern Russian reaction to it. Even official statements claiming that “the Cold-War is over,” whether made by US Secretary of State Condoleezza Rice, German Chancellor Angela Merkel, or Russian Minister of Foreign Affairs Sergey Lavrov, have failed to be completely convincing. If the situation between the US and Russia had been perfectly happy, would it have been necessary to claim that no new Cold War was in the coming? Actually, there is no doubt that relations between Russia and the US have deteriorated to an extent never reached since the NATO operation in Kosovo during April 1999. This is a long-term trend, and in no way is it linked to a single issue, including energy.

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