If you react a bit slowly to the New York Times' Bestseller List, be of good cheer.
A November entry, "The Colder War: How the Global Energy Trade Slipped from
Grasp," by Marin Katusa, may go down in publishing infamy as one of the
most-wrong analyses of the international situation ever issued.
Katusa, a self-proclaimed energy expert, tells us that
Russia has wrested control of the energy trade
from Saudi Arabia
and that Putin's rule has his country in the midst of a rapid economic
How are those statements looking a scant two months after the book was published?
currency is in free-fall. So much oil has flooded world markets that
Putin's economy, which depends almost entirely on energy exports, is tanking.
The Saudis demonstrated their powerful influence on world energy markets at the most recent OPEC meeting when they refused to cut production to shore up falling crude oil prices.
If you missed "The Colder War," rejoice.