Posts tonen met het label oil. Alle posts tonen
Posts tonen met het label oil. Alle posts tonen

zaterdag 5 april 2014

What About The Dollar: Russia, Iran Announce $20 Billion Oil-For-Goods Deal

Spot what is missing in the just blasted headline from Bloomberg:

  • IRAN, RUSSIA SAID TO SEAL $20B OIL-FOR-GOODS DEAL: REUTERS
If you said the complete absence of US Dollars anywhere in the funds flow you are correct. Which is precisely what we have been warning would happen the more the West and/or JPMorgan pushed Russia into a USD-free corner.
Once again, from our yesterday comment on the JPM Russian blockade: "what JPM may have just done is launch a preemptive strike which would have the equivalent culmination of a SWIFT blockade of Russia, the same way Iran was neutralized from the Petrodollar and was promptly forced to begin transacting in Rubles, Yuan and, of course, gold in exchange for goods and services either imported or exported. One wonders: is JPM truly that intent in preserving its "pristine" reputation of not transacting with "evil Russians", that it will gladly light the fuse that takes away Russia's choice whether or not to depart the petrodollar voluntarily, and makes it a compulsory outcome, which incidentally will merely accelerate the formalization of the Eurasian axis of China, Russia and India?"
In other words, Russia seems perfectly happy to telegraph that it is just as willing to use barter (and "heaven forbid" gold) and shortly other "regional" currencies, as it is to use the US Dollar, hardly the intended outcome of the western blocakde, which appears to have just backfired and further impacted the untouchable status of the Petrodollar.
More from Reuters:
Iran and Russia have made progress towards an oil-for-goods deal sources said would be worth up to $20 billion, which would enable Tehran to boost vital energy exports in defiance of Western sanctions, people familiar with the negotiations told Reuters.

In January Reuters reported Moscow and Tehran were discussing a barter deal that would see Moscow buy up to 500,000 barrels a day of Iranian oil in exchange for Russian equipment and goods.

The White House has said such a deal would raise "serious concerns" and would be inconsistent with the nuclear talks between world powers and Iran.

A Russian source said Moscow had "prepared all documents from its side", adding that completion of a deal was awaiting agreement on what oil price to lock in.

The source said the two sides were looking at a barter arrangement that would see Iranian oil being exchanged for industrial goods including metals and food, but said there was no military equipment involved. The source added that the deal was expected to reach $15 to $20 billion in total and would be done in stages with an initial $6 billion to $8 billion tranche.

The Iranian and Russian governments declined to comment.

Two separate Iranian officials also said the deal was valued at $20 billion. One of the Iranian officials said it would involve exports of around 500,000 barrels a day for two to three years.

"Iran can swap around 300,000 barrels per day via the Caspian Sea and the rest from the (Middle East) Gulf, possibly Bandar Abbas port," one of the Iranian officials said, referring to one of Iran's top oil terminals.

"The price (under negotiation) is lower than the international oil price, but not much, and there are few options. But in general, a few dollars lower than the market price."
Surely an "expert assessment" is in order:
"The deal would ease further pressure on Iran's battered energy sector and at least partially restore Iran's access to oil customers with Russian help," said Mark Dubowitz of Foundation for Defense of Democracies, a U.S. think-tank.

"If Washington can't stop this deal, it could serve as a signal to other countries that the United States won't risk major diplomatic disputes at the expense of the sanctions regime," he added.
You don't say: another epic geopolitical debacle resulting from what was originally intended to be a demonstration of strength and instead is rapidly turning out into a terminal confirmation of weakness.
Also, when did the "Foundation for Defense of Petrodollar" have the last word replaced with "Democracies"?
Finally, those curious what may happen next, only not to Iran but to Russia, are encouraged to read "From Petrodollar To Petrogold: The US Is Now Trying To Cut Off Iran's Access To Gold."

donderdag 3 april 2014

This Is Why Washington Has Sought To Create A Crisis Over In Ukraine by Finian Cunningham; Ukraine: Not a “Democratic Uprising” but a Clash Between Predators

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The US is prepared to plunge Europe into a war with Russia in order for Washington to preserve its hegemony over the transatlantic axis. The key issues are the prevention of Russia and Europe developing closer trade and political ties – stemming primarily from a vast trade in energy fuels; and, secondly, the survival of the American dollar as the world’s reserve currency.

 WORLD REVOLUTION
THE WORLD NEEDS A REVOLUTION

So vital are these issues for continued American hegemony that Washington is prepared to sacrifice millions of lives in a war between Russia and its so-called transatlantic European “ally”.
This shocking revelation comes from a former European NATO commander. According to Christof Lehmann, editor of the news and analysis website nsnbc international, the European military officer was given the grim warning by American counterparts in an off-the-record briefing.
The European commander, now retired, subsequently confided the information with Lehmann, who says that the tensions over Ukraine between Russia and Western powers are consistent with this latent American threat.
The original threat was disclosed during the 1980s, but there is no reason to believe that the American policy of inciting a war in Europe has since changed. This is because the strategic rationale for the US bellicose logic remains the same. And recent events over Ukraine strongly suggest that Washington’s destructive designs are still in place.
Says Lehmann:
“In the early 1980s, a European top NATO admiral said that American colleagues at the Pentagon had told him, unequivocally, that the US and UK would not hesitate in creating a new European war if the situation ever arose that Europe and Russia, then the USSR, were to develop close relations.”
Central to the American rationale was, and continues to be, the issue of energy fuel. Washington does not want to see European and Russian economies integrating on the vital issue of trade in oil and gas, the foundation for economic and social development.
Over the past two decades since the end of the Cold War between the US-led West and the former Soviet Union, Europe and Russia have seen substantial alignment of their economies, primarily due to the enormous oil and gas volumes supplied by Moscow. European-Russian bilateral trade is well over $1 trillion annually, and is some tenfold that of US-Russian trade.
Russia accounts for nearly one-third of Europe’s total hydrocarbon fuel consumption. In Germany, the largest European economy, that figure rises to 40 per cent. With the new pipelines of the North Stream and the currently constructed South Stream, the role of Russia as the main energy supplier to Europe is set to grow even more over the coming decades.
Lehmann adds:
“The American dominance of the Atlantic axis with Western Europe is threatened by this development of closer economic ties between Europe and Russia. Germany and the Czech Republic have since the end of the Cold War developed close economic and other relations with Russia. Both are, together with Austria and Italy, pushing a trend towards even tighter relations with Moscow.”
This trend was always seen as a strategic danger by Washington. It can be argued that the Cold War from 1945 to 1990 was deliberately instigated by the US as a bulwark to counter the naturally inclined trade integration between Europe and Russia, owing to the latter’s prodigious energy reserves and its continental proximity.
The strategic danger for the US is twofold. Firstly, a close relationship between Moscow and Europe would remove the rationale for America’s military role in NATO and thereby its political influence in Europe. The second is that the European-Russian energy trade undermines the role of the American dollar as the world’s reserve currency. Exchange in such a key world market will inevitably move to the use of the Euro/Ruble, which would spell the end of global American financial hegemony, and with that, the end of the monstrously indebted US economy.
The American economy is already teetering on bankruptcy, with a total debt of $17 trillion, and spiraling. American bankruptcy and social implosion is an eventuality that is so far only postponed by the dollar’s continuance as the standard currency for international trade in fuel, and the de facto license for the US Federal Reserve to keep printing money way beyond any sound economic basis for doing so.
Says Lehmann:
“The development of Russian-European partnership would leave the US politically, culturally and economically isolated within no more than 25 years. It would also mean that the US would become increasingly isolated in terms of its militarism and strategic encirclement of Russia and China. The dollar would collapse.”
An important side note is the insidious role of Britain. As the top European NATO commander revealed, the American war plans for Europe were supported by Britain. This is partly because of the historical co-dependence of Anglo-American capitalism, and also, as Lehmann points out, “a weakened Atlantic axis would mean a significant loss of British influence over Germany and France.”
This is the background to why Washington has sought to create a crisis over recent events in Ukraine. Washington has played the key role in fomenting regime change in that country, which has seen the rise of an unelected fascist junta in Kiev that poses a serious threat to Russia.
The Kiev demagogues have openly talked of inciting terrorism and mass murder against Russia and are willing to install American missiles on their Western border with Russia.
The debacle has led to the worse diplomatic crisis between European capitals and Moscow since the end of the Cold War. The possibility of a war between nuclear-armed powers may have receded for now, but the danger of such a catastrophe remains.
This weekend Russian Foreign Minister Sergei Lavrov met with his American counterpart John Kerry for urgent talks in Paris. Reportedly, Kerry was holding the meeting to “de-escalate tensions” between Russia and the West. The reality is that Washington has done everything to escalate this conflict, in particular between Russia and Europe, for its own selfish strategic interests. That includes, if deemed necessary by the pyromaniacs in Washington, the ignition of all-out war in Europe.

US Sets Europe and Russia at War by Finian Cunningham

When US President Barack Obama embarked on his European tour this week there was the usual sycophantic Western media image of the American leader as a benefactor. Obama, so the story went, was coming to unite and support Europe in the face of Russian aggression in Ukraine.

With tiresome florid speechifying, Obama claimed that the US and Europe have together historically built up institutions of international law and democracy and that the “allies” would now stand together against Russian “brute behavior” just as they had done during the Cold War against the Soviet Union.
The facts are the opposite. The US has sought to divide Europe from Russia and sow conflict in Eurasia ever since the end of the Second World War nearly 70 years ago. That is a continuum to the present day. The main objective for Washington is to prevent Europe developing closer relations with Russia. Central to the problem, from the US point of view, is to curb Europe and Russia becoming strategic energy partners.
This is what the current crisis over Ukraine is really about. Washington took the lead in inciting regime change in Kiev at the end of last year. And it is Washington that is taking the lead in rushing through Congress-approved finance and IMF loans to shore up the unelected anti-Russian junta in Kiev.
Russian security measures in Crimea and on its borders with Ukraine have subsequently led to the worst diplomatic crisis between European capitals and Moscow since the end of the Cold War more than 20 years ago.
In this current crisis it is Washington that has been the most strident in calling for punitive sanctions against the Russian government of President Vladimir Putin.
As the Washington Post reported this week:
“President Obama attempted Wednesday to rouse Europe to confront Russia’s military seizure of Crimea, framing the West’s dispute with Russian President Vladimir Putin as a clash of ideologies lingering from the Cold War.”
The American media have also gone into a frenzy of demonizing Putin as a mad dictator, while it is US military forces under the NATO flag that have mobilized on the Western borders of Russia. All in all, the US propensity is to incite tensions.
Admittedly, some European politicians, such as Britain’s David Cameron and France’s Francois Hollande, appear to have gone along gung-ho with the US adversarial agenda towards Moscow. But there again several other European states, including Italy, Austria, Holland, Belgium and Finland, have sought to de-escalate tensions. Most notable is Germany, Europe’s largest economy.
German Chancellor Angela Merkel this week pointedly rejected the imposition of economic sanctions on Russia in spite of much American pressure to do so.
If we strip off Obama’s schmaltz and pseudo-history rhetoric, it is patent that the US stands to gain most from conflict between Europe and Russia – just as it always has done in past decades.
While Obama was this week endorsing “unity” between the US and Europe and “isolation” for Russia, he was also pushing for two major American interests – under the guise of American benevolence of course.
Those two interests are, firstly, the long-term replacement of Russian energy supplies with American exports of natural gas. The renewed US fossil fuel industry is a leitmotif of recent years in an attempt to boost the stagnant American economy. America needs to find export markets for its projected natural gas production. Currently, Russia supplies some 30-40 per cent of Europe’s fuel consumption. The US wants this lucrative chunk of the global energy market.
The second major strategic interest from stoking conflict with Russia is to give Washington a continuing military, and therefore political, role in the affairs of Europe as the lead NATO power. That’s not new, to be sure, but such a role always needs renewing.
Already this week the Baltic states of Lithuania and Latvia are reportedly doubling their military spending on the back of US-instigated Ukrainian and Russian tensions, which no doubt will entail sales of US-made F-15 and F-16 fighter jets, as well as missile systems and warships.
Historically, the Cold War conflict in Europe was not a natural tendency. The US fomented the hostility with the Soviet Union, which included originating the threat of nuclear weapons and the covert arming of Nazi saboteurs behind Soviet lines in the aftermath of WWII. The Soviets responded by imposing the Iron Curtain across Eastern Europe, which the US planners gladly welcomed for the strategic reasons of justifying American militarism in Europe and thwarting Eurasian relations.
Despite this hostile backdrop, however, relations between Moscow and the rest of Europe managed to grow cordially. This was especially as a result of the wise West German leadership under chancellors Willy Brandt and Helmudt Schmidt, who developed an “Ostpolitik” policy of outreach towards the Soviet Union – to the disapproval of Washington and its trusty British minions.
Over the two decades since the Cold War that strategic energy relationship between Europe and Russia has continued to grow. Other trade relations have also prospered. Today, bilateral trade between Europe and Russia is about ten times the volume between the US and Russia.
Germany is the lynchpin in this strategic relationship between Europe and Russia. More than 6,000 German businesses have invested in long-term partnerships with its giant neighbor to the East, with a total bilateral trade of some $100 billion. Millions of jobs on either side bind these two countries together in a mutual dependence. And what is good for Germany is good for the rest of Europe. This is precisely what the US wants to sabotage for its own selfish strategic interests.
It is significant that one of the early casualties in the commercial relation between Europe and Russia over the latest Ukraine tensions is the South Stream natural gas project. This pipeline is planned to transport gas from Russia into southern Europe and to become operational by the end of 2015. The route would complement existing Russian supply lines through the North Stream, from Russia directly to Germany, and through the existing network of Gazprom pipes via Ukraine.
However, business press reports this week say that the South Stream gas route is now in danger of falling through because the Russian owner of one of the companies involved, Gennady Timchenko, of Stroitransgaz, is on the sanctions list drawn up by Washington last week. Interestingly, Timchenko is not included in a similar sanctions list against Russian individuals drawn up by European Union. That selective targeting of the South Stream gas project by Washington is indicative of the ulterior strategic purpose.
As Christof Lehmann, editor of nsnbc international, points out if Europe and Russia were to develop a long-term strategic trade and energy partnership that would then spell the rapid demise US global hegemony. A closer working relationship between Europe and Moscow would greatly undermine the role of the US dollar as a reserve currency and it would obviate the need for Washington’s military presence on the European continent and the relentless expansion of NATO eastwards around Russia.
Says Lehmann:
“The development of ties between Europe and Russia would leave the US politically, culturally and economically isolated within no more than 25 years. It would also mean that Washington would become increasingly isolated in terms of its militarist and strategic encirclement of Russia and China. The dollar would collapse earlier than that.”
In other words, in order for US hegemony to survive Washington needs conflict to persist and to be continually stoked between Europe and Russia. Despicably, that divisive American logic is a dangerous warpath that puts millions of lives at risk from a possible nuclear conflagration.
What Europe needs is real political leadership instead of the American “yes puppets” we see in the pathetic shape of Cameron and Hollande.
Europe needs to wake up to how it has been and continues to be played for a fool and a stooge by Washington, where potentially good neighborly relations with Russia are abused to the point of war.
A cheeky admission of that divisive American influence was let slip by Obama during one of his European speeches this week when he told an admiring audience in The Hague: “We [the US] have considerable influence on our neighbors. We generally don’t need to invade them in order to have a strong co-operative relationship with them.”
Instead of “co-operative relationship” Obama really meant to say “coercive relationship”.
And there’s no need for the US to invade in order to coerce when it can just cast a continual specter of conflict and war over everyone.

Finian Cunningham, is a columnist at Press TVthe Strategic Culture Foundation and a Writer on Dandelion Salad. He can be reached at cunninghamfinian@gmail.com.
see

dinsdag 4 maart 2014

Largest Oil Refinery in Europe is on Fire! First strategic target hit by US / EU?









“Neftekamskneftehim” is the largest oil refinery in Europe. It is located in Tatarstan, Russia and today, at 7.00pm Moscow Time, dozens of firemen were urgently summoned as the oil giant started burning. More photos and videos inside.