While Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the "Holy Grail" energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis
And now add bilateral trade denominated in either Rubles or Renminbi (or gold), add Iran, Iraq, India, and soon the Saudis (China's largest foreign source of crude, whose crown prince also happened to meet president Xi Jinping last week to expand trade further) and wave goodbye to the petrodollar.
Here is what will likely happen next, as explained by Reuters:
Igor Sechin gathered media in Tokyo the next day to warn Western governments that more sanctions over Moscow's seizure of the Black Sea peninsula from Ukraine would be counter-productive.
The underlying message from the head of Russia's biggest oil company, Rosneft, was clear: If Europe and the United States isolate Russia, Moscow will look East for new business, energy deals, military contracts and political alliances.
The Holy Grail for Moscow is a natural gas supply deal with China that is apparently now close after years of negotiations. If it can be signed when Putin visits China in May, he will be able to hold it up to show that global power has shifted eastwards and he does not need the West.
reply to post by rigel4
Reuters is quoted in their report.
Who do you consider a 'reliable' source exactly in this day and age?....no offence...just asking....You could save a post and go looking to see if a source you accept is reporting anything similar, or debunking it, and come straight here and report your findings...that's what I normally do if I want to check out something...I go do the research for myself....no offence
PS THANK YOU!edit on 21-3-2014 by angelchemuel because: (no reason given)
In the next 24 hours the media runs amok. There was not much of a New Year’s celebration in the Western Hemisphere. People were afraid. They were speculating what may happen. Some planned a run on the banks to withdraw their money, though not knowing what to do with it in a system that may collapse. They couldn’t even convert their cash dollars and euros into Bricsos, as the Bricso was to be only a virtual currency. Some planned to convert their bank accounts into BRICS currencies. They would be safe. Others continued to trust the dollar, the existing system, no matter how defunct it was. They figured Washington will again find a solution to save them.
When the banks opened, 48 hours after the announcement, the western stock markets literally collapsed. They had to be closed for an indefinite period of time to salvage what hadn’t been wiped out yet and to consolidate and control the damage.
The USA can counter them by allow the drill of their vast natural gas resources, I suspect they are holding on the reserve for a moment like this.
The only reason why America buys offshore oil and gas is to give the world an incentive to join the NWO according to George Soros.
I believe China is secretly allied with the USA because we gave them our manufacturing business in return for them to join the NWO alliance.
Russia is the only country left fighting the NWO.
How long will the US stay in one piece when Russia and China officially become military allies?
The future will be a dark world.
For half a century, the global energy supply's center of gravity has been the Middle East. This fact has had self-evidently enormous implications for the world we live in -- and it's about to change.
By the 2020s, the capital of energy will likely have shifted back to the Western Hemisphere, where it was prior to the ascendancy of Middle Eastern megasuppliers such as Saudi Arabia and Kuwait in the 1960s. The reasons for this shift are partly technological and partly political. Geologists have long known that the Americas are home to plentiful hydrocarbons trapped in hard-to-reach offshore