The Oil Riches Of The Caspian Sea And The Naval Military Buildup That It Has Produced

The Great Caspian Arms Race -- Joshua Kucera, Foreign Policy

Inside the petro-fueled naval military buildup you've never heard of: It's Russia versus Iran, with three post-Soviet states -- and trillions of dollars in oil -- in the middle.

The Caspian Sea, once a strategic backwater, is quickly becoming a tinderbox of regional rivalries -- all fueled by what amounts to trillions in petrodollars beneath its waves. Observers gained a first glimpse into this escalating arms race last fall, when Russia and Kazakhstan held joint military exercises on the Caspian, which abuts Iran and several former Soviet republics. Russia's chief of general staff framed it as a precautionary measure related to developments in Central Asia, saying it would prepare for "the export of instability from Afghanistan after the withdrawal of NATO troops from there."

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My Comment: It's all about the trillions in petrodollars that are beneath its waves .... and who will have dominion over it. Expect Russia to insert even more influence in the region, with Iran being a close second.

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