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WE are Watching: Our Probable New Secretary of State
Mr. Tillerson has opposed sanctions on Russia, which are the single greatest obstacle to foreign investment in that country. Russia has two enormous areas for new oil development, in the Barents Sea and the Bazhenov shale field in western Siberia, that are essentially closed to development because of a lack of foreign capital and expertise. Exxon was poised to invest in both areas before the sanctions.