12.05.2014 - Obama aims oil weapon at Putin but will he pull the trigger?
Oil prices heading for major correction after Russia's attempt to use crude as a weapon to bully Western powers backfires. Oil prices are on the brink of possibly their biggest correction since the global financial crisis after Vladimir Putin’s gamble to use Russia’s crude as a political weapon backfired spectacularly on the Kremlin. A potent energy superpower, Russia had thought that it could use its status as the world’s largest oil producer and biggest exporter of natural gas through cross-border pipelines to intimidate and quite literally bully Western powers into submission over Ukraine...............................................Full Article: Source
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