In the movie Mad Max Beyond Thunderdome, the Master Blaster provides the energy for Barter Town via a crude methane refinery fueled by pig feces. The seedy community of Barter Town is seemingly run by the ruthless Auntie Entity. But one day the Master Blaster demonstrates to Barter Town that it is he who truly runs things:
Auntie Entity: [the Blaster has reduced Barter Town’s power supply] For God’s sake, what now?
The Master: Who run Barter Town?
Auntie Entity: Dammit, I told you, no more embargos.
The Master: More, Blaster. [the Blaster puts all power out]
The Master: Who run Barter Town? Who… run… Barter Town?
Auntie Entity: …You know who.
The Master: Say.
Auntie Entity: Master Blaster.
The Master: Say loud! [the Master turns on the town loudspeakers]
Auntie Entity: Master Blaster.
The Master: Master Blaster… what?
Auntie Entity: Master Blaster runs Barter Town.
The Master: Louder!
Auntie Entity: Master Blaster runs Barter Town!
The Master: Lift embargo. [the Blaster turns power back on]
Consequent to the Ukraine crisis, there have been high-level meetings of European Union (EU) and U.S. officials. On the surface, it might seem that it is they who run Barter Town (EU). But from a remote region, Vladimir “Master Blaster” Putin provides much of the energy.
There has been a confrontation between Barter Town (EU) and “Master Blaster” Putin over Ukraine. Then, on Thursday April 10, 2014, “Master Blaster” Putin urged European leaders to quickly help Ukraine settle its gas debt to Russia to prevent an imminent shutdown of Russian natural gas supplies to the continent. 
To this warning of a gas embargo, Auntie Entity and her high-level subordinates of Barter Town (EU) sneered, “‘Master Blaster’ Putin needs to sell that gas to bring in money for Russia. Don’t worry about any embargo.”
But “Master Blaster” Putin had a trick up his sleeve. He began arranging for gas sales to Asian clients such as China. And more worrying was that a possibility of using not dollars but euros as a settlement currency was hinted.  If the currency of the European Union, the euro, was used for energy sales rather than the dollar, that would negatively impact the “petro-dollar”: the dollar would lose value and prices would rise (inflation) for those holding dollars.
“Let’s see what happens tomorrow, Friday, April 11th,” wrote Ersjdamoo in Ukraine Is April Fool, the Ersjdamoo’s Blog entry of April 10, 2014. So what did happen? On April 11th, Reuters shrugged its shoulders and decided there is “little the West can do” about the situation in Ukraine. (Sigh) Western states still lack a strategy. (Sigh) Sanctions could prove a long game. (Sigh) Realistically there is little the West can do. 
Auntie Entity and her subordinates are now scrambling to circumvent the situation. A deal between China’s top refiner Sinopec Corp. and Phillips 66 has been announced. The United States would supply liquefied petroleum gas (LPG) as an alternative to the Russian deal with China. But this could not get seriously underway for at least two years.  And the Russia Today (RT) video streaming newscast has recently pointed out the logistical problems of sending the LPG by ships from the United States, versus gas sent by pipeline from Russia.
And so, at this point in time, it looks like the Ukraine crisis has been defused. Who runs Barter Town? Master Blaster. Lift embargo.
——- Sources ——-
 “Putin warns Europe about Ukraine gas debt”, by Nataliya Vasilyeva and Vladmiir Isachenkov. Associated Press, April 10, 2014
 “Russian oil firm says Asian buyers willing to use euros”, by Vladimir Soldatkin and Florence. Reuters, April 10, 2014
 “West struggles as Russia moves to dominate old USSR”, by Peter Apps. Reuters, April 11, 2014
 “Riding Shale Boom, US to Become Major LPG Supplier to China”, Thomson/Reuters