Remember....Michelle Obama said 8 yrs. ago...they will bring the USA along with them..even if we have to come kicking and screaming...and here we are.
Posted on 03/13/2014 11:20:50 AM PDT by Cletus.D.Yokel
Correct. And it's not supposed to anyway.
What it is supposed to do is let FRIENDS OF OBAMA to buy the oil cheaply, then sell it on the market for a profit.
Remember last time this happened, Jesse Jackson Junior got to buy some.
Remember....Michelle Obama said 8 yrs. ago...they will bring the USA along with them..even if we have to come kicking and screaming...and here we are.
It's the old story.."The Oil Must Flow"....
March 11th 2013 in Brussels.......
BRUSSELS — European Union leaders will call for greater efforts to 'cut reliance on imported gas' at a Brussels summit next week, a draft document shows, underlining their concern about strained relations with dominant energy supplier Russia over Ukraine.
Ukraine is a transit route for shipping Russian gas to the EU, which relies on Russia for about a third of its supplies.
Past supply disruption because of pricing disputes between Moscow and Kiev had already motivated EU leaders to seek alternatives to Russian gas, but Russia's seizure of Ukraine's Crimea region has increased the EU's focus on diversifying.
“The European Council is concerned about Europe's high energy dependency rates, especially on gas, and calls for intensifying efforts to reduce them, especially in the most dependent member states,” said a draft document prepared for the summit of EU leaders in Brussels on March 20-21.
Some nations, such as Bulgaria, are almost entirely dependent on Russian energy
http://www.voanews.com/content/reu-eu-leaders-to-urge-greater-effort-to-cut-gas-imports/1868709.html
Every time I hear the Obama Administration is releasing oil from the strategic petroleum reserves, my first though is , “ some scumbag Obama crony is about to get paid off and make a killing that makes Saddam's oil for food scam look look like chump change by comparison”
.... it is likely that the share of Russian natural gas in Europe will increase further in the coming years, whether nation politicians like it, or not.
Placemark
Since Russia's economy depends on oil...Putin has to secure that flow and keep it in his sphere of greatest influence...
The story tells itself really, as follows....
There are new problems between Russia and the EU concerning the South Stream pipeline construction.
Under pretext of aggravation of situation in Ukraine and end of the winter heating season, the European authorities have once again decided to put a spoke in our wheel, reported vestifinance.
The decision to build North Stream and South Stream gas pipeline has been made against the background of constant conflicts with the Ukrainian authorities related to payment of gas debt and numerous cases of illegal gas pumping on the Ukrainian side. As a result of this, it has been decided to build the gas pipelines bypassing Ukraine. Despite the resistance of Baltic countries and Poland, the issues of construction of the North Stream have been settled and two branches of the gas pipeline have been launched. However, situation with the South Stream was more difficult from the beginning.
In 2013 EU once again mentioned that Gasprom took advantage of its dominating position at the gas markets of Central and Eastern Europe. The officials officially threatened that the South Stream project will not be operating on the EU territory, because the bilateral agreements do not correspond to the Third Energy Package norms.
The aggravation of situation in Ukraine, the different approach of Russian and the western countries to the situation and the referendum in the Crimea have led to the fact that the European Energy Commissar has again threatened Russia to block the talks on the South Stream. Construction of the South Stream is planned to be completed only at the end of 2015. But the European Energy Commissar said that the “winter heating season is coming to the end” and Europe does not need additional sources of gas import.
The preparation to construction of South Stream started in 2012 and all these years showed that EU will continue laying claims to the project.
Meanwhile, the decision to reduce the gas deliveries to Europe bypassing Ukraine, because of unreliability of the Ukrainian partners has been made long time ago. According to some estimates, Russian gas transit to Europe via Ukraine decreased from 95% at the end of the 1990s to 52% in 2013. There was a proposal that if Russia and Crimea establish closer relationships, then the Black Sea section of the South Stream could be built through the Crimean shelf and partially on the ground.
Its not due to demand by consumers
The Chernobyl disaster started with an ‘experiment’ to see what would happen too...
Thanks very much, caww.
“Releasing just means they sell to someone politically connected at a low price ..”
Does Her Thighness have a bunch of oil futures contracts?
Don’t worry, the WSJ is assuring us that replacing all that gas with ours won’t cause prices to rise here.
I thought that releasing the reserves would bring gas prices down?
They have shot up 30 cents a gallon or so since this was announced.
Anything to do with the gasoline shortage in Florida?
Conspiracy theories aside, sometimes a test is only a test.
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