Two years ago, in early 1991, the third oil shock since 1973 came to an end. On this occasion, by contrast with the previous crises, the increase in prices that had begun when Iraqi troops occupied Kuwait was only short-lived. Why did oil consumers get off so lightly? Have they drawn the right...

The gas-pipeline deal planned between the Soviet Union and several Western European countries has met with objections from the US government, which fears that Western Europe could be politically blackmailed as a result of its increasing dependence on energy supplies from the USSR. Are these...

Two years ago, in early 1991, the third oil shock since 1973 came to an end. On this occasion, by contrast with the previous crises, the increase in prices that had begun when Iraqi troops occupied Kuwait was only short-lived. Why did oil consumers get off so lightly? Have they drawn the right...

The gas-pipeline deal planned between the Soviet Union and several Western European countries has met with objections from the US government, which fears that Western Europe could be politically blackmailed as a result of its increasing dependence on energy supplies from the USSR. Are these...