Posted AT 7:12 AM EST on 18/08/08
Russia crushes Europe's energy strategy
ROME — Russia's adventure in Georgia has been described as a "warlet," a contained firing spree that wound up and down within a week. But to Europe's energy markets, it was the equivalent of wide-scale carpet bombing.
With the North Sea oil and natural gas fields running out of puff, Europe, in particular the European Union, is more dependent than ever on imported energy.
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