March 26, 2006: Fear and Loathing in Siberia: Yes, Russia may be sloshing with petrodollars.
Virtually all of the ancient gold in the Galleries, Scythian or otherwise, was unearthed from burial mounds scattered across Russia from Siberia to the Ukraine.
Same for Siberia, which has most of Russia's production, but from mature fields.
At present it has no need to colonize Siberia purely for agriculture, since Russia has plenty of arable land in more hospitable climates.
It would be good, too, for Yukos, which wants to build an eastward pipeline to get its own oil out of Siberia and reduce its dependence on Russia's state-run oil-transport company.
Its gas is closer to market than Russia's, in western Siberia, or Turkmenistan's in Central Asia, which are 1, 000km east of Baku.
Cloherty and other intrepid VCs say that they are learning from their mistakes, but venture investing in Russia still looks like a trek through Siberia without a map.
There's the slick salesman who needs billions of dollars in capital and technical know-how from the outside in order to exploit a quadrillion cubic feet of proven natural gas reserves (50 years' U.S. consumption) and 300, 000 miles of pipeline crisscrossing Russia from the Baltic border east to Tomsk in Siberia and from Uzbekistan north toward the Arctic Circle.
Russia claims a larger slice, saying its continental shelf extends from Siberia to the North Pole.
Since leaving the School of American Ballet in 2009, Kostritzky divides her time between the United States and Russia, where she's a guest teacher and coach for Siberia's Novosibirsk State Opera and Ballet Theatre.
"There's pressure on forests in north-western Russia, touching Scandinavia, but the main problem is in far-eastern Siberia where the mafia is particularly violent, " Mr Bismarck told me.
Siberia is ablaze with the surplus gas from oil wells just burning off into the sky, adding to Russia's pollution problem.
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