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rejecting a U.N. measure that would strike a diplomatic blow to Syrian president Bashir al-Assad, frustrating White House
officials. The White House will also likely seek new, harsh sanctions against North Korea if it launches a long-range rocket
that could one day be fitted with a nuclear weapon capable of hitting U.S. turf. But experts say again that Moscow--along
with support from Beijing-- will likely stand in the say. [See pictures of the violence in Syria.] Russia's return to the fore
as a check against America's global whims has escalated in recent months, as Russian Prime Minister Vladimir Putin was
elected as President, and is setting his agenda for a third term. U.S.-Russian relations returned to the front pages last week
after Obama urged outgoing Russian President Dmitry Medvedev to "give me space" on several issues, including a
European missile defense shield that Moscow opposes. Likely GOP presidential nominee Mitt Romney soon after called
Russia America's "top geopolitical enemy." "Putin still aspires for Russia to be a superpower," says Steven Pifer, a former
U.S. ambassador to Ukraine. "There are only two ways for Russia to achieve that: nuclear weapons, and oil and natural gas
sales." The price of a barrel of oil was nearly $105 at midday Tuesday, steadily climbing from a 52-week low of $76.35 per
barrel in October. Oil prices began to rise in late 2010, peaking at $113 per barrel in May 2011, before dipping last summer
and then rising again. [Whose Russia Comment Was More Damaging: Obama's or Romney's?] Russia is the world's
second-largest oil exporter at 5 million barrels a day, and its the ninth-leading natural gas exporter at 38.2 billion cubic
meters a year, according to the CIA World Factbook. Russia rakes in nearly $500 billion annually in exports, with the CIA
listing petroleum and natural gas as its top two commodities. Frances Burwell, vice president of the Atlantic Council, says
Russia's oil revenues "give it a comfort zone" from which its leaders feel they have the global cache to make things tough
for Washington. Burwell says she "places more weight" for Russia's recent global muscularity on "Putin's re-emergence."
The Russian once-and-soon-again president "clearly sees playing the national card as the strong guy internationally benefits
him," she says. But, make no mistake, bloated national coffers from high oil and gas prices underwrite Putin's muscleflexing, experts say. [Who is Joe Biden to Slam Mitt Romney on Russia Policy?] 244 Oil DDW 2012 1 ***Oil Dependence*** 245
Last printed 9/4/2009 7:00:00 PM Oil DDW 2012 1 Independence Now – Disengage From SAW 246 Oil DDW 2012 1 Oil independence now causes military and political disengagement from
Wall Street Journal, 12 Wall Street Journal, 6-27-12, [“Expanded Oil Drilling Helps U.S.Wean Itself From Mideast,”
That means the U.S. military will keep guarding the region's oil shipping lanes, as it has done for decades. "Nobody else
can protect it and if it were no longer available, U.S. oil prices would go u...
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This note was uploaded on 01/30/2013 for the course ECON 101 taught by Professor Burke during the Spring '13 term at Southern Arkansas University.
- Spring '13
- The American, Saudi Arabia, Peak oil, Nuclear weapon, Oil prices