With the New Russian President Vowing to Steer a Steady Ship, U.S. Investors Can Look to Profit

New Russian President Dmitry Medvedev wants better links with Europe. Judging by the performance of outgoing President Vladimir Putin, Europe should beware: The so-called "links" he’s seeking may resemble those used to chain together prisoners in the Gulag.

On the other hand - though it’s admittedly unpleasant to say so - there’s a point at which the effects of high oil prices are so great that in the short run they far outweigh one’s distaste for the thuggish Russian regime. And at $123 a barrel, we may be at that point.