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[QUOTE]Originally posted by TotalZen: [QB] Russia can guarantee oil and gas supplies to global economy - presidential aide July 11, 2005 Posted: 14:53 Moscow time (10:53 GMT) MOSCOW — Russia can guarantee that the global economy will have enough energy resources and will develop positively and predictably, a presidential aide said Sunday. Igor Shuvalov told a nationwide Russian TV channel: "Russia can play the most important role here as a predictable and democratic country. We are part of the Group of Eight [industrialized nations] and can guarantee that global economy will not lack [energy resources]." The aide said Russia was not completely satisfied with the current prices for energy resources as they created "inflationary problems." Shuvalov said prices should contribute to the global economy's positive development. "Russia as a key player, along with other producing countries, will supply the global market with the necessary amount of raw materials on terms that will let the world economy develop positively and predictably," Shuvalov said. The aide said Russia was ready to discuss how to reach a balance between resource producing and consuming nations. When speaking about Russian presidency's of the G8 next year and energy security, which Russia has said will be a priority, Shuvalov said Moscow saw energy security as meaning a way to provide the world economy with resources to ensure its unhindered development. "Prices for resources are a question of a balance of interests between the countries that consume energy resources and the countries that produce oil and gas," Shuvalov said. [/QB][/QUOTE]
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