Energy, Security and the Coming Arms Race

By: Josh Painter (Diary)  |  July 27th at 05:38 PM  | 

News item: Russia announced plans on Sunday to revive its once-mighty navy by building several aircraft carriers and upgrading its fleet of nuclear submarines in the coming years. Russia’s power at sea is a shadow of the formidable Soviet navy which challenged U.S. military dominance in the Cold War. But, with a strong economy now from booming oil exports, it is seeking to raise its | Read More »