Putin is being consistent with his training in martial arts and the KGB -- he is disciplined, calculating, precise, and seized an opportunity that presented itself in pursuit of his objectives. His thought process is not driven by Western principles, but, rather, realpolitik.
John Kay has a characteristically graceful little column today in the Financial Times that opens up new vistas rather than slams doors shut. This is rare and worth an end-of-the-year comment or two.
Were we to learn that the supply of oil is limitless, the emperor's clothes would evaporate and the price of oil would collapse.