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Originally Posted by broke
Sorry that I was somewhat criptic in my "open market" comment.
I understand that $220-$230 is the market price. My main point of contention is that the Ukraine is locked in at $50 until 2009, but are willing to negotiate up prior to the expiration. Gazprom (Putin) is not willing and taking a hard line.
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yeah, i understand there are other things that factored into this and it is indeed a screwed up situation. i was referring to your post i quoted above which might of given people the impression that Russia was attempting to overcharge over 4x the market price to Ukraine. time to drink