The American Spectator: Gazprom Has Uber Problems

Gazprom, the Russian state-owned energy giant, has traditionally used its position as the second-largest exporter of natural gas to the European Union (EU) (Norway is the largest) as a means of flexing its political muscle, especially under the leadership of Russian President Vladimir Putin. But it appears Russia’s days as the energy bully may be coming to an end, as years of using energy as a blunt political instrument to advance the Kremlin’s agenda and disruptive new technologies for oil and natural gas extraction threaten Gazprom’s bottom line much like Uber and other innovative ride sharing companies have usurped market share from traditional cab companies.

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