The risk in any country that has oil, such as Russia, is that the high prices will lessen the zeal for economic reform.

The whole oil and gas industry in Russia is strongly undervalued and will stay so for quite a long time. The Russian companies are much cheaper based on reserves.

Russia does not want to have her oil and gas exports threatened by some of the transit countries, in particular Poland, ... This will increase the volume of Russian gas exports to Europe and will to some extent increase the security of those exports.

There is a lot of potential for China to import more crude oil from Russia.

Thumbs down and show us the door. We will leave town and honor your request.

Rising oil prices are the biggest risk to what is otherwise shaping up as a robust recovery.