The whole oil and gas industry in Russia is strongly undervalued and will stay so for quite a long time. The Russian companies are much cheaper based on reserves.

Russia does not want to have her oil and gas exports threatened by some of the transit countries, in particular Poland, ... This will increase the volume of Russian gas exports to Europe and will to some extent increase the security of those exports.

The risk in any country that has oil, such as Russia, is that the high prices will lessen the zeal for economic reform.

There is a lot of potential for China to import more crude oil from Russia.

American will have a tough time in 2006, it all depends where the price of oil goes.

For the first time in the history of relations between Russia and China we will have a demarcation of our common border throughout its entire length. ... For the first time a unique model of border safety will be created on the Asian continent.