Posted on 06/01/2015 10:30:49 AM PDT by bananaman22
In the age of derivatives, swaps, and electronic money transfers, a new form of warfare has emerged: financial warfare.
Recently, the US has passed sanctions on countries such as Syria, Venezuela, and North Korea , but the majority of energy related sanctions passed have been targeted at Iran and Russia.
An estimated 68 percent of Russia’s government revenue is derived from oil and gas exports, while 80 percent of Iran’s revenue comes from oil exports. That presents a very large target for the use of financial weapons.
(Excerpt) Read more at oilprice.com ...
Oil and Gas will soon be so abundant that it will no longer be a weapon.
OPEC just found this out by trying to drive fracked hydrocarbons out of business by keeping prices low.
It didn’t work. American companies, American workers and American ingenuity make us more productive than anyone.
Our costs are far lower than OPEC or the “experts” ever estimated.....and those costs continue to drop.
Soon, US oil & gas will be the cheapest to produce in the world. It will be OUR weapon....not OPEC’s, not Venezuela, not the North Sea.....but the US.
Why does the author of the site think the Japs bombed Pearl Harbor anyway ?
What’s hurting OPEC is the very fact the political instability of the Middle East, Venezuela and Nigeria is driving a lot of buyers of oil away from OPEC members. Why do you think China is staking out claims of potential oil in the Spratly Islands and signed that gigantic petroleum deal with Russia?
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