The biggest risks in the world have transferred from the "Paper Dragon" of China to Russia, which has played its hand wonderfully during this Arab Spring.
As the direct beneficiary of marginal changes in Middle East oil demand, you can be certain that Russian interlopers have been operating in the region for some time in order to secure the necessary volatility.
The situation is reminiscent of the events leading to the battle of Adwa, with Russia countering the West's influence whilst simultaneously securing pipelines and stable demand in China and Europe.
Compared to the flailing responses of the U.S., these are masterstrokes.
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