VOG 2005 New Thread

First red day for a while. Has to happen every now and then. Brings us all back to Earth.
Still more buys than sells though, so there's plenty of demand feeding through.

I think the Ukraine story gave a few people the temporary jitters. The reality is, is that Russia will now pull out all the stops to implement measures to reassure Europe. Russia's wealth, and therefore Putin's remembrance when he leaves in 2008 depends upon it.
Expect some solid measures at the G8 summit to involve the West in supply methods.


Meanwhile, below is an extract from the BBC:


"Certainly, President Putin has been talking ambitiously about energy supply.

The Russian news agency Interfax reported him as saying that Russia is not only drafting proposals for the G8 but "is also ready to take part in their implementation".

It would emphasise "reliable deliveries of traditional fuel to the world economy on terms acceptable for producers and consumers".

He added that "diversification and security of energy supplies, including their protection from terrorist attacks" were other priorities.