| Abstract: | A noted American analyst of Russian, Central Asian, and Transcaucasian oil and gas industries and markets offers his own perspective on issues raised in the preceding paper on Russia's energy policy (Milov et al., 2006). While generally concurring that Russia indeed pursues an ad hoc (rather than systemic) energy policy, he expresses divergent views on the role of government-regulated versus market-based pricing in final and primary energy use, reasons for the intense flows of oil and gas to Europe, the role of pipelines in determining oil export allocations, and the contribution of regional monopolies and refining capacity to domestic oil product prices. Journal of Economic Literature, Classification Numbers: L71, O13, Q40, Q48. 20 references. |
