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Wanna know why Washington's ready to take us to the brink of World War III?
Big Oil, Big Loser As Russia Meddles
By Dimitra DeFotis
Barron's, March 4, 2014
Even if the West doesnt place economic sanctions on Russia as it removes troops from Ukraine, border hostilities highlight the potential disruption of hydrocarbon deliveries bound for Europe.
That could mean big headaches for big energy companies invested in the exploration, production, processing and delivery chain.
Oil-and-gas pipelines criss-cross Ukraine, Belarus, Kazakhstan and Russia, and Russia supplies a third of the European Unions oil and natural gas, writes Philip Adams, a senior investment grade bond analyst at Gimme Credit, an independent corporate bond research service. The net result: expect collateral damage in related corporate bond spreads, Adams says.
Adams partial list of potential losers:
BP (BP) : the highest profile potential loser. It owns 19.75% of Russian energy giant Rosneft, which accounted a third of BPs production in the fourth quarter. Sanctions that inhibit oil and gas flows to Europe, or banking/capital flows, would hit Rosneft and BP early and hard. An offset: there could be an uptick in demand for a pipeline 30% owned and operated by BP because it transports Azerbaijan oil through Georgia and Turkey to the Mediterranean a southern route avoiding Georgia and Ukraine.
Chevron (CVX) pipeline investments could be stymied. It also signed a 50-year agreement to explore for and develop oil and gas in western Ukraine, involving up to $10 billion of investment. A Russian takeover spikes that deal, Adams says.
Oilfield services companies Halliburton (HAL), Baker Hughes (BHI), and Weatherford International (WFT) all do business in Russia that could be prohibited if it is labeled a rogue nation.
The crisis in Ukraine and Russias tactics make U.S. assets look more secure and more valuable: some U.S. refiners that could export fuel, utility holding companies that could export liquefied natural gas, and related pipeline companies could see even more benefits, longer-term, from the North American fracking and horizontal drilling boom. But approval of the TransCanada (TRP) Keystone XL pipeline is a necessary piece of that equation, Adams writes.
CONTINUED...
http://blogs.barrons.com/stockstowatchtoday/2014/03/04/big-oil-big-loser-as-russia-meddles/?mod=BOLBlog
It's the oil. It's always the oil. It's the only thing they know. It's extraction's currency of exchange, from Teapot Dome to Vietnam to Iran-Contra to the illegal and immoral Iraq invasion. It's the precious. The only thing that matters, money.
SharonAnn
(13,772 posts)We blocked their oil supply.
That's the answer to the question "Wanna know why Washington's ready to take us to the brink of World War III?"
Octafish
(55,745 posts)The U.S. gunboats were on the Yangtze to protect missionaries and Standard Oil's shipments from pirates.
Four years before Pearl Harbor:
During the battle for Nanking in the Sino-Japanese War, the U.S. gunboat Panay is attacked and sunk by Japanese warplanes in Chinese waters. The American vessel, neutral in the Chinese-Japanese conflict, was escorting U.S. evacuees and three Standard Oil barges away from Nanking, the war-torn Chinese capital on the Yangtze River. After the Panay was sunk, the Japanese fighters machine-gunned lifeboats and survivors huddling on the shore of the Yangtze. Two U.S. sailors and a civilian passenger were killed and 11 personnel seriously wounded, setting off a major crisis in U.S.-Japanese relations.
Although the Panay's position had been reported to the Japanese as required, the neutral vessel was clearly marked, and the day was sunny and clear, the Japanese maintained that the attack was unintentional, and they agreed to pay $2 million in reparations. Two neutral British vessels were also attacked by the Japanese in the final days of the battle for Nanking.
SOURCE: http://www.history.com/this-day-in-history/uss-ipanayi-sunk-by-japanese
The Magistrate
(95,247 posts)You might find it instructive to look into gun-boat actions during the Northern Expedition....
Catherina
(35,568 posts)John McCain, original Neocon and watercarrier for the oil lobby, to Putin
Rec'd
Octafish
(55,745 posts)Oh well. Too bad. So sad.
Poppy Bush, when he swore he wasn't CIA, was scouting the country out for Big Oil.
CIA Helped Bush Senior In Oil Venture
By Russ Baker
WhoWhatWhy.com, Jan 7, 2007
Bush has long denied allegations that he had connections to the intelligence community prior to 1976, when he became Central Intelligence Agency director under President Gerald Ford. At the time, he described his appointment as a real shocker.
But the freshly uncovered memos contend that Bush maintained a close personal and business relationship for decades with a CIA staff employee who, according to those CIA documents, was instrumental in the establishment of Bushs oil venture, Zapata, in the early 1950s, and who would later accompany Bush to Vietnam as a cleared and witting commercial asset of the agency.
According to a CIA internal memo dated November 29, 1975, Bushs original oil company, Zapata Petroleum, began in 1953 through joint efforts with Thomas J. Devine, a CIA staffer who had resigned his agency position that same year to go into private business. The 75 memo describes Devine as an oil wild-catting associate of Mr. Bush. The memo is attached to an earlier memo written in 1968, which lays out how Devine resumed work for the secret agency under commercial cover beginning in 1963.
Their joint activities culminated in the establishment of Zapata Oil, the memo reads. In fact, early Zapata corporate filings do not seem to reflect Devines role in the company, suggesting that it may have been covert. Yet other documents do show Thomas Devine on the board of an affiliated Bush company, Zapata Offshore, in January, 1965, more than a year after he had resumed work for the spy agency.
It was while Devine was in his new CIA capacity as a commercial cover officer that he accompanied Bush to Vietnam the day after Christmas in 1967, remaining in the country with the newly elected congressman from Texas until January 11, 1968. Whatever information the duo was seeking, they left just in the nick of time. Only three weeks after the two men departed Saigon, the North Vietnamese and their Communist allies launched the Tet offensive with seventy thousand troops pre-positioned in more than 100 cities and towns.
While the elder Bush was in Vietnam with Devine, George W. Bush was making contact with representatives of the Texas Air National Guard, using his fathers connections to join up with an elite, Houston-based Guard unit thus avoiding overseas combat service in a war that the Bushes strongly supported.
CONTINUED...
http://whowhatwhy.com/2007/01/07/cia-bush-senior-oil-venture/
No wonder Karl Rove thinks the guy is crazy.
Catherina
(35,568 posts)Thanks for staying on top of this piece of the grand chessboard's puzzle.
Scuba
(53,475 posts)Octafish
(55,745 posts)Seems we're gas indepedent, now. And one national gas co.'s misfortune is a global one's opportunity.
Couldn't find radio show, but I think this is their source's source:
http://mobile.bloomberg.com/news/2014-03-04/ukraine-seen-building-support-for-u-s-natural-gas-export.html
bvar22
(39,909 posts)...and joined with Al Qaeda ("The Rebels" in the Libyan Civil War.
It is frightening epiphany to realize that NATO has become the Enforcement Arm for the Global Corporations.
polly7
(20,582 posts)woo me with science
(32,139 posts)frwrfpos
(517 posts)Sadly, the United States has been bankrolling and arming right wing terrorism for decades. Allende, The Shah, Honduras, Columbia right wing death squads.
And we are supposed to just ignore this fucking garbage.
No more.
The campaign to undercut the emerging Transparent Populist Democracies in Latin America is especially egregious.
For a country that pays so much lip service to the words "freedom" and "democracy",
you would think that we would have more respect for the REAL thing.
But NO!
We remain committed to funding one of the last remaining Death Squad Police State Oligarchies (Colombia).
One of the issues upon which the Democratic Party and the Republican Party openly agree is the need to DEMONIZE & CONDEMN and fund the overthrow of the Populist government in Venezuela, and all the other emerging democracies in South America.
The predictable results of the openly hostile position is driving these emerging democracies and their emerging markets straight into the open arms of Russia, China, and Iran.
How STUPID does it have to get?
In Venezuela,
The POOR are celebrating,
and the RICH are protesting.
I would love to see that here.
VIVA Democracy!
...because WE outnumber THEM.
bobthedrummer
(26,083 posts)of a federal case against Richard Bruce Cheney caused by his refusal to discuss anything about his National Energy Policy Development Group/NEPDG.
Cheney Energy Task Force (The Center for Media and Democracy/Source Watch)
http://www.sourcewatch.org/index.php/Cheney_Energy_Task_Force
There was conflict over building a natural gas and oil pipeline system from Afghanistan to the Caspian too.
Then 9/11 "changed" everything.
The Bill of Rights, impeachment, the rule of law, accountability, democracy were all overwritten after 9/11 by the corrupted evil turds known as political leadership that has turned we, the people into a culture of death worshipers ruled by the Masters and Mistresses of War Inc.
Samantha
(9,314 posts)One of the residents in Nebraska opposing the pipeline said this was a statement Trans-Canada made in correspondence to him. In other words, I think this is NOT a fact in dispute. Cumulatively over time, what impact will that two percent make? The United States does not use much of that oil so I do not think the risks make that pipeline worth it, despite what Adams says.
Thanks for posting this, Octafish.
Sam
Pretzel_Warrior
(8,361 posts)Pretzel_Warrior
(8,361 posts)malaise
(268,968 posts)RobertEarl
(13,685 posts)Last edited Fri Mar 7, 2014, 06:32 AM - Edit history (1)
Oil is sold in most markets using the US dollar.
What that does is makes the dollar very important and ensures its value is kept high.
A bit of history: Saddam had proposed selling Iraqi oil in Euros only. Instead of taking dollars in trade for the oil in his control, he desired that only Euros would be acceptable.
Gaddafi, just before he met his end, had proposed Africa develop an African currency which would eventually be the only acceptable trade currency for African oil.
Makes ya wonder, eh?
Enthusiast
(50,983 posts)Gotta cut 'em!
frwrfpos
(517 posts)bobthedrummer
(26,083 posts)bobthedrummer
(26,083 posts)HereSince1628
(36,063 posts)Why? BP -really- didn't like the idea and kayboshed it last summer.
If not BP then just WHO would be the actor that builds the link to Iraqi and Iranian natural gas?
I smell the stinking presence of an oil services conglomerate.