Recent shenanigans in the Ukraine have largely been framed as a contest over political allegiance – East or West. But there may be more to the situation than meets the eye. Like many recent conflicts, it could all be about oil.

Russia is one of the largest petrostates in the world, and supplies about a third of Europe’s natural gas demand. Almost all of this goes through pipelines in the Ukraine. As part of a piece I produced for The Wire, I interviewed Mike Rafferty, ARC Research Fellow at the University of Sydney Business School, on oil and the Ukrainian Crisis:

 

 

As before, I am unable to embed audio in the email blast. You can take a listen at Soundcloud