http://www.cbc.ca/money/story/2008/0...

Last Updated: Friday, March 21, 2008 | 4:19 PM ET

Russian legislators have taken the first step to limiting foreign investment in 42 strategic sectors, including energy, mass media and aerospace.

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The approval suggests that the bill is likely to become law without substantial changes, because the remaining approvals required are by bodies either controlled by the Kremlin or under its influence.

With files from the Associated Press

Questions:

What % oil Russian supply is floated on the world market and what if they decide to limit their output.

What happens to companies like Shell and other American companies drilling in Russia.

Has anyone seen the documentary on Russian Godfathers and that multibillionare who lost all his oilfields and presently in jail for tax payments.

IMHO...I don't believe the Saudis are that polite to open their taps and let the oil flow........ Yes, may be Shell will need to have a serious chat with GNZ....lol....