Ukraine's Energy Challenge
OP-ED
Paul Roderick Gregory: Is Russia captive to European buyers?
Russian President Vladimir Putin (R) and Russian Prime Minister Dmitry Medvedev confer during a meeting of the State Council and the Presidential Council for Culture and Art at the Kremlin in Moscow on December 24, 2014. AFP PHOTO / RIA-NOVOSTI / DMITRY ASTAKHOV
The received wisdom is that Europe cannot offend Russia because it depends so much on Russian natural gas. We have this backwards. It should be: Russia cannot offend Europe because it depends too much on sales of natural gas sales to Europe.
