Lots of things going on in the real world....
Baltic energy security gets a huge boost when, in Jan. 2015, Lithuanian's monster oil & gas conversion facility begins operation. Built by South Korea, the terminal, with pipelines also going live in January, will supply 3/4s of the oil & gas needs of the three Baltic countries. And gone will be Moscow's ability to leverage control over energy supply to pressure the Baltic countries. Moscow's state energy company, Gazprom, is offering price cuts.
Meanwhile, Roger Noriega sees Venezuela's state-owned oil company falling into an economic "death spiral" due to the Chavista policies of Nicholas Maduro. At $80 per barrel global oil sells $40 below the estimated $120/barrel price needed to sustain the regime's profligate spending.
Jonah Goldberg informs us that sea creatures love oil platforms, whose existence has been regarded by Greens as a lethal threat to marine life.
Bottom Line. Energy market flux is transforming the industry, while Pres. Obama refuses to allow any part of the Keystone XL pipeline into America. It will go elsewhere--perhaps to the Baltics to cover the remaining 1/4 of their energy needs.
Letter from the Capitol, LFTC, National Security, Homeland Security, Foreign Policy, Economy, Conservative Politics