Russia stands to benefit from the oil markets

graphic: yellow = demand, green = supply

Asia Times just published the article The rise of the new energy world order by Michael T Klare. Klare writes:

The combination of rising demand, the emergence of powerful new energy consumers, and the contraction of the global energy supply is demolishing the energy-abundant world we are familiar with and creating in its place a new world order. Think of it as rising powers/shrinking planet.

This new world order will be characterized by fierce international competition for dwindling stocks of oil, natural gas, coal and uranium, as well as by a tidal shift in power and wealth from energy-deficit states like China, Japan and the United States to energy-surplus states like Russia, Saudi Arabia and Venezuela. In the process, the lives of everyone will be affected in one way or another - with poor and middle-class consumers in the energy-deficit states experiencing the harshest effects. That's most of us and our children, in case you hadn't quite taken it in.
Here, in a nutshell, are five key forces in this new world order which will change our planet . . .

Read the article for the five key forces, and how Russian stands to benefit.