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The Colder War: How the Global Energy Trade Slipped from America's Grasp

ISBN: 978-1-118-79994-9
272 pages
November 2014
The Colder War: How the Global Energy Trade Slipped from America


How the massive power shift in Russia threatens the political dominance of the United States

There is a new cold war underway, driven by a massive geopolitical power shift to Russia that went almost unnoticed across the globe. In The Colder War: How the Global Energy Trade Slipped from America's Grasp, energy expert Marin Katusa takes a look at the ways the western world is losing control of the energy market, and what can be done about it.

Russia is in the midst of a rapid economic and geopolitical renaissance under the rule of Vladimir Putin, a tenacious KGB officer turned modern-day tsar. Understanding his rise to power provides the keys to understanding the shift in the energy trade from Saudi Arabia to Russia. This powerful new position threatens to unravel the political dominance of the United States once and for all.

  • Discover how political coups, hostile takeovers, and assassinations have brought Russia to the center of the world's energy market
  • Follow Putin's rise to power and how it has led to an upsetting of the global balance of trade
  • Learn how Russia toppled a generation of robber barons and positioned itself as the most powerful force in the energy market
  • Study Putin's long-range plans and their potential impact on the United States and the U.S. dollar

If Putin's plans are successful, not only will Russia be able to starve other countries of power, but the BRIC countries (Brazil, Russia, India, and China) will replace the G7 in wealth and clout. The Colder War takes a hard look at what is to come in a new global energy market that is certain to cause unprecedented impact on the U.S. dollar and the American way of life.

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Table of Contents

Foreword by Doug Casey ix

Acknowledgments xv

Chapter 1 The End of the Lost Decade 1

Chapter 2 Humbling the Oligarchs 17

Chapter 3 The Great Game and the End of the Cold War 39

Chapter 4 The Slavic Warrior 55

Chapter 5 Ukraine 65

Chapter 6 Putin the Statesman 83

Chapter 7 The Putinization of Oil 91

Chapter 8 The Putinization of Gas 107

Chapter 9 The Putinization of Uranium 123

Chapter 10 The Middle East: Oil, Wars, and the Great Game 141

Chapter 11 Twilight of the Petrodollar 195

Chapter 12 Post-Petrodollar America 211

Afterword 223

References 225

About the Author 231

Index 233

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“Katusa may not be painting a picture that we want to see but it is certainly worth taking a look” (Mortgage Strategy, March 2015)

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Press Release

November 07, 2014
Marin Katusa Explores How the Global Energy Trade Slipped from America's Grasp


A new book argues that Russian President Vladimir Putin is being underestimated in dangerous and costly ways by the U.S. and its western allies, especially in one critical sector: energy. In THE COLDER WAR: How the Global Energy Trade Slipped from America's Grasp (Wiley; on sale Nov. 10, 2014; hardcover; $29.95), analyst Marin Katusa makes the case that Putin is exploiting Russia’s new role as the world’s leading energy supplier (the country exports more oil than the UAE, Kuwait and Iraq combined; has world’s largest natural gas reserves; and is the top uranium exporter) to strong-arm governments and reassert its global importance.



Just last month an agreement was reached that Russia would provide Ukraine with heating energy for the winter. This is just the latest move in a long-running battle between the two nations for control over the abundant natural resources in the region, which Katusa believes is at the heart of the current violence there. But the implications of Russian energy dominance reach even further than its immediate neighbors, he writes in THE COLDER WAR. Russia already supplies much of the European Union’s energy, controls pipelines and other transportation means for oil and natural gas throughout Eurasia, and is the world’s leading supplier of the materials needed by all nuclear power plants. This gives Russia considerable influence over scores of nations, and the impact it has on its relations with others—such as the U.S.—can’t be ignored.



Among the topics Katusa can discuss in an interview:


  • Why energy is at the heart of the conflict between Russia and Ukraine, and why there will not be a swift resolution;
  • Why Vladimir Putin believes Russia’s natural resources are the key to making his nation a world leader again;
  • Why the U.S.’s belief that fracking and liquid natural gas will lead the nation to energy independence is wrong;
  • How Russia has slowly come to dominate almost every part of the process of creating nuclear energy, and how this affects plants as far away as the United States;
  • How Russia has managed to become the number one supplier of natural gas to Europe, and what this means for its political power there;
  • Why Russia would like to do away with the petrodollar, and thus take away the power that American currency has in the world economy today;
  • What the U.S. and other nations can do to counter these moves by Russia and protect their energy supplies and political futures; and
  • How Putin has consolidated his government’s control over the natural resource sector through deals with multinational corporation and oligarchs.



Katusa, 36, is one of the leading experts on—and most successful portfolio managers in—the energy and resource exploration sectors. Since 2007, has been the chief energy investment strategist for Casey Research. He is also a regular contributor to the Business News Network (BNN), and has been interviewed by global media outlets such as CNBC, RT, CBC, Bloomberg and Forbes.



THE COLDER WAR is a timely and fascinating look at Vladimir Putin’s master plan to make Russia a world leader again, and what this could mean for everyone’s energy consumption in the decades to come.

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