OPEC mulls a long-term alliance with Russia to keep oil prices stable The Economist comments on the strengthening relationship between Saudi Arabia and Russia and puts forward the idea that the countries are set to reach more effective limits to the global production of oil. Resurgence of shale production in the U.S. makes it natural for the large producers whose economies are strongly dependent on...

 “Safety and certainty in oil lie in variety and variety alone”[1] Winston Churchill   A famous doctrine of classical geopolitics goes: “Who controls Eurasia, (Heartland) eventually, he will be able to run the world”. Subsequently, however, changing circumstances have been shaping and reorganizing foreign policies and political interests of states. Hence, a new dogma has...

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