Petrodollar Alert: Putin Prepares To Announce "Holy Grail" Gas Deal With China

Indigent
reply to post by SLAYER69

 

Why is Cuba blue in that map?

Check the date on the map...

reply to post by peck420


Hey, well we will see.

These corporations just don't throw in the towel that easily nor give up on potential billions.

angelchemuel
reply to post by SLAYER69

 

Yes...but only if the US gets its hands on Venezuelan oil.....which Cheves has already sold to the Chinese for the next 5 years

Rainbows
Jane

The US doesn't need Venezuelan oil.

Between Canada and the US, there are large reserves, the question is, are you prepared to pay the price?

SLAYER69
reply to post by peck420

 

Hey, well we will see.

These corporations just don't throw in the towel that easily nor give up on potential billions.

The costs aren't fiscal.

reply to post by peck420


Yup....sure there is...that's why the US is going hell for leather with fracking isn't it?

Rainbows
Jane

Pepe Escobar's latest on the sanctions and Russian options to stab the USD in the heart ,www.atimes.com...

Orlov
Ukraine Will Become Part of Russian Federation

Video Via USAWatchdog.com

"The United States right now, from my point of view and the point of view from observers from around the world, is on suicide watch. It's a country that is going to self-destruct at some point in the near future."

“The trajectory is defined by this sort of incompetent militarism where more and more money results in bigger and bigger military fiascos around the world and less and less of actual foreign policy that can be pursued or articulated. There are massive levels of corruption. The amount of money that is being stolen by the U.S. Government and its various appropriations processes is now in the trillions of dollars a year. Runaway debt, the United States now has a level of debt that is un-repayable. All we’re waiting for is interest rates to go across the magic threshold of 3% and the entire budget of the country explodes. There are also all types of other tendencies that point in the direction of collapse and systemic failure at all levels.”

Dmitry Orlov is a Russian blogger who writes about the parallel between the U.S and the USSR. Orlov lived through the financial collapse of the Soviet Union in the early 1990’s, and he thinks the U.S. is on the same trajectory

Posted March 20, 2014
www.informationclearinghouse.info...

reply to post by angelchemuel


Good thing the Us is an exporter now of some of those commodities, natural gas being one.

Why is an agreement between Russia and China a problem?

reply to post by SaturnFX


The implications of this are not "merely" energy related. This is about EVERYTHING. The status quo of the econocomic hegemony.

SaturnFX
I am actually curious how Europe will react considering all this is happening in their backyard.

If the USD goes down it will be *the* gamechanger, and the end of the US eco-hegemony will subsequently result in a €urozone breakup (IMHO).

SaturnFX
Finally, if they unite, then cool..they can take the bulk of any UN lead actions. Let them be universally hated for awhile.

So... Nope, Nope, and been there.

Xcathdra
Good thing the Us is an exporter now of some of those commodities, natural gas being one.

US Natural Gas Exports (2013): 1,572,351 million cubic feet
US Natural Gas Imports (2013): 2,883,115 million cubic feet
EIA

US is still a net importer of NG.

Why is an agreement between Russia and China a problem?

Aside from potentially collapsing the NG market?

reply to post by Xcathdra

Why is an agreement between Russia and China a problem?

Because they're trading in Ruble, Renminbi and Gold.
(and this time your overlords can't just "liberate" them to pieces for it...)

angelchemuel
reply to post by peck420

 

Yup....sure there is...that's why the US is going hell for leather with fracking isn't it?

Rainbows
Jane

The US doesn't "frack". Oil and gas companies do.

Just like they currently are in Venezuela...and the US.

reply to post by peck420


Are you being funny or stupid?.....Who grants the licences for those company's to frack? Can't just go round sticking rigs up willy nilly just where they fancy.....

The US used to be one of Venezuela’s biggest customers for heavy crude oil. But in the past five years, the US has become one of the world’s biggest energy producers that led to changes in the balance of power on the global oil market. In particular, the sharp rise in US own oil production from fracking has helped meet US demand for heavy crude oil, and as a consequence, Venezuelan oil exports to the US dropped to their lowest level since 1985.
In addition, the prospect of cheaper oil imports from Canada – either via the long-awaited Keystone pipeline or by rail shipments – threatens to further reduce the US need in Venezuelan oil.
Read more: voiceofrussia.com...

voiceofrussia.com...

That was the first article I stumbled across.

Now...let's get back OT please

Rainbows
Jane

The petrodollar has been in decline for some time, it's one reason why the US has been invading & promoting destabilization in countries that were going to drop the dollar for oil trading.

angelchemuel
reply to post by peck420

 

Are you being funny or stupid?.....Who grants the licences for those company's to frack? Can't just go round sticking rigs up willy nilly just where they fancy.....

The US used to be one of Venezuela’s biggest customers for heavy crude oil. But in the past five years, the US has become one of the world’s biggest energy producers that led to changes in the balance of power on the global oil market. In particular, the sharp rise in US own oil production from fracking has helped meet US demand for heavy crude oil, and as a consequence, Venezuelan oil exports to the US dropped to their lowest level since 1985.
In addition, the prospect of cheaper oil imports from Canada – either via the long-awaited Keystone pipeline or by rail shipments – threatens to further reduce the US need in Venezuelan oil.
Read more: voiceofrussia.com...

voiceofrussia.com...

That was the first article I stumbled across.

Now...let's get back OT please

Rainbows
Jane

edit on 21-3-2014 by angelchemuel because: (no reason given)

Nice to see that Russia has caught up to decades old news.

Impressive.

Venezuelan oil imports peaked in 1997 and have been in decline ever since.

As for 'fracking', it wasn't even required on a lease until around 2010, and has been in use since the 40's.

reply to post by peck420



You might want to double check the license bit....

A patent on this process was issued in 1949 and an exclusive license was granted to the Halliburton Oil Well Cementing Company. On March 17, 1949, Halliburton performed the first two commercial hydraulic fracturing treatments in Stephens County, Oklahoma, and Archer County, Texas

en.wikipedia.org...


You also appear to need to know the difference between exporting and importing....

Venezuela is one of the world's largest exporters of crude oil and the largest in the Western Hemisphere. The oil sector is of central importance to the Venezuelan economy. As a founding member of the Organization of the Petroleum Exporting Countries (OPEC), Venezuela is an important player in the global oil market.

www.eia.gov...

Now please...let's get back to my original question in my OP shall we?

Given the news that Russia and China are going to sign an agreement in May.....what can we expect the repercussions to be before then in the west, and what else might Russia have up its sleeve in the meantime?

Rainbows
Jane

peck420
The costs aren't fiscal.

i appreciate the one sentence replies but it might help if you elaborated a bit more.

reply to post by angelchemuel


NM

voiceofrussia

dp

SLAYER69
reply to post by angelchemuel

 

NM

voiceofrussia

edit on 21-3-2014 by SLAYER69 because: (no reason given)

Sorry to quote you from your previous post

i appreciate the one sentence replies but it might help if you elaborated a bit more.

I'm not familiar with NM.....could you 'elaborate' please? Thank you

Rainbows
Jane

reply to post by angelchemuel


That means nevermind, he believes that your source is not pro west enough, hence he dismisses it, removing whatever he had posted.