Russia using it's power when it comes to energy...

Russia used to be called a "sleeping giant" but it's obvious that is no longer true. As this recent article at CNN points out, titled,Russia bullies BP - U.S. motorist, take note points out, it could affect us here in the US if prices rise as a result of this. How could it affect us?

While a complete or even lengthy partial energy shutoff on the part of Russia isn't likely, experts say that the country's recent tactics have soured Western oil companies on investing in the country.

And that's not good for the global market, since Western oil companies are often cited for their technical expertise, which might help bring more Russian product to market at a cheaper cost.

Neff cited Exxon's recent experience in the country, where it spent $60 million exploring off Eastern Siberia only to find that it didn't get first dibs when the time came to bid on production - contrary to how most exploration contracts work.

"The producers say there's too much risk in this situation." he said. Indeed, Western companies are scrambling to find new deposits in a world fast running low on giant, new, easily accessible fields.