Ukraine, a semi-failed state due to energy debt and corruption, merely illustrates the new energy politics now unsettling governments from the United States to Crimea. It represents our collective global future, should governments and citizens continue to ignore energy flows and budgets.
The story should be familiar to most North Americans. In U.S. political lingo, Ukraine is a blue state dependent on energy imports from Russia, the powerful red state next door. They share a tense master-slave relationship.
The West, including the fantastically indebted G7 club, thinks it has some moral authority in this dispute, but has its own shackles to worry about. It doesn't export much energy these days, and it is singing the economic stagnation blues because cheap energy is disappearing.