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	<title>Comments on: Balkan Smashmouth</title>
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	<description>Research (on Financial Markets) Conducted by Other Means</description>
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		<title>By: Streetwise Professor &#187; Balkan Smashmouth, Revisted</title>
		<link>http://streetwiseprofessor.com/?p=197&#038;cpage=1#comment-61814</link>
		<dc:creator>Streetwise Professor &#187; Balkan Smashmouth, Revisted</dc:creator>
		<pubDate>Wed, 17 Dec 2008 03:28:16 +0000</pubDate>
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		<description>[...] Exactly 11 months ago I wrote a post about Russia&#8217;s use of &#8220;vaporware&#8221; and threats...: To make the deal look a little less like an abject surrender, Gazprom has also dangled the prospect of giving Serbia a stake in a future gas venture. Word of advice, guysâ€“DONâ€™T BELIEVE IT, and DONâ€™T TAKE IT. Gazprom is the master of what Bob Amsterdam calls â€œpremature contractualization.â€ That is, announcing deals just in time to forestall projects that are adverse to Gazpromâ€™s interest, and then fading the deal when the threatening competing projects are shelved in response to the Gazprom announcement. Gazprom will whisper sweet promises in anybodyâ€™s ear to get what they want, and then renege when it suits them. (Nigeriaâ€“you should take note of this, as Gazprom has been wooing you too.) [...]</description>
		<content:encoded><![CDATA[<p>[...] Exactly 11 months ago I wrote a post about Russia&#8217;s use of &#8220;vaporware&#8221; and threats&#8230;: To make the deal look a little less like an abject surrender, Gazprom has also dangled the prospect of giving Serbia a stake in a future gas venture. Word of advice, guysâ€“DONâ€™T BELIEVE IT, and DONâ€™T TAKE IT. Gazprom is the master of what Bob Amsterdam calls â€œpremature contractualization.â€ That is, announcing deals just in time to forestall projects that are adverse to Gazpromâ€™s interest, and then fading the deal when the threatening competing projects are shelved in response to the Gazprom announcement. Gazprom will whisper sweet promises in anybodyâ€™s ear to get what they want, and then renege when it suits them. (Nigeriaâ€“you should take note of this, as Gazprom has been wooing you too.) [...]</p>
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