Russia, the new Enron?

godoftrading · Jan 6, 2009, 12:50pm

Bloomberg.com: Worldwide

Jan. 6 (Bloomberg) -- Russia’s natural gas dispute with Ukraine worsened, shutting off fuel shipments to Europe for the first time in three years and driving energy prices higher.

Russia and Ukraine blamed each other for the cuts as gas shipments from OAO Gazprom through Ukraine plummeted and deliveries to the Balkans were halted. The conflict caused U.K. gas prices to jump as much as 27 percent. NAK Naftogaz Ukrainy Chief Executive Officer Oleh Dubina said he would return to Moscow on Jan. 8 to resume talks.

A large part of Europe seems to have been affected, and prices have spiked there. They say there was no warning, who's willing to bet a russian hedge fund somewhere is raking in billions from such a sure bet?

Magos · Jan 6, 2009, 7:54pm

Russia, the new Enron?

no , no, just when there is a problem they close down the stock exchange is perfectly alright

Jan 6, 2009, 12:50pm	#1
godoftrading Senior Member Member Since Feb 2008 152 Posts	Russia, the new Enron? Bloomberg.com: Worldwide Jan. 6 (Bloomberg) -- Russia’s natural gas dispute with Ukraine worsened, shutting off fuel shipments to Europe for the first time in three years and driving energy prices higher. Russia and Ukraine blamed each other for the cuts as gas shipments from OAO Gazprom through Ukraine plummeted and deliveries to the Balkans were halted. The conflict caused U.K. gas prices to jump as much as 27 percent. NAK Naftogaz Ukrainy Chief Executive Officer Oleh Dubina said he would return to Moscow on Jan. 8 to resume talks. A large part of Europe seems to have been affected, and prices have spiked there. They say there was no warning, who's willing to bet a russian hedge fund somewhere is raking in billions from such a sure bet?

Jan 6, 2009, 7:54pm	#2
Magos Veteran Member Member Since Feb 2007 818 Posts	Re: Russia, the new Enron? Russia, the new Enron? no , no, just when there is a problem they close down the stock exchange is perfectly alright __________________ Stops are 4 buses

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