How long before Bakken has a real impact on the price of oil? The answer’s never, sorry. Here’s why…

The government hasn’t gone so far as to say, ‘leave Russia to the Russians,’ publicly, but you can imagine the sentiment being passed between cabinet ministers and police chiefs as they rifle through TNK-BP’s Moscow offices (which they did a couple of weeks ago)

BP PLC (TNK-BP Holding OAO, to a state-owned oil monopoly such as Gazprom OAO – the latest attempt by the Russian government to expand its energy monopoly and drive out international oil majors.