Posted on 03/27/2022 3:42:54 PM PDT by ameribbean expat
Fears of sanctions related to Putin's war on Ukraine drove the decision to end the project.
(Excerpt) Read more at forexlive.com ...
They will be able to buy gas cheap, on the spot market without investing anything.
The eastern Siberian oil field that feeds the only Chinese pipeline was drilled and maintained by foreign majors. Now, the majors are gone, that field will dwindle quickly.
“The eastern Siberian oil field that feeds the only Chinese pipeline was drilled and maintained by foreign majors.”
Yep, a fundamental problem for Russia is that for 30 years the way to make money is through graft and corruption. Any Russian with intelligence and ambition has pursued that.
That means everything else relies on foreigners. Anything difficult in the oil industry has been contracted out to German engineering firms.
Yeah, there’s definitely more to it than meets the eye. As a BRICS partner China should get the same market minus 20% that India got from Russia last week. Putin was being paid $56/barrel when Biden took over, $88 on 2/1 and $112-20%=$89 last week after sanctions. Sure, China wants to do DC’s bidding so they can pay full price, like you and I.
They lie.
They say they won’t do something and do it anyway.
And Brandon is buying oil from Iran which is a Russian partner in oil.
All smoke and mirrors.
Dear Renfrew
Did you take a few sentences describing Biden and adjust them to describe Russia?
I, myself, carry no brief for Russia or Putin. But as we learned very well over the last 10 years, the first thing we are told by the MSM and its acolytes is a lie; then when we find out more of the facts we see the truth is 180 degrees opposite.
They are going to negotiate a new one that doesn’t have Western oil companies involved.
Interesting timing
“the first thing we are told by the MSM and its acolytes is a lie;”
Very true, so why do you follow the MSM? Are you not aware there are many other sources out there>
“They will be able to buy gas cheap, on the spot market without investing anything.”
Likely the case, they’ll just buy the gas being freed up from Europe trying to get off of Russian gas.
They Fake News Media may make it sound like the fear of sanctions was the driver (to try to drive a wedge between Russia and China), but much more likely just a SIMPLE business decision - Russia will have a BOATLOAD of gas to export now, so why invest to give Russia even more gas to export?
Interesting timing
“They are going to negotiate a new one that doesn’t have Western oil companies involved.”
I’m sure the Nigerians will pick up the slack all on their own.
L
80% of the world’s countries are not on board with western sanctions, Biden can’t sanction everyone, so whose oil do you think they will buy?
Answer: cheaper Russian oil.
Figure it’s in relation to Biden tariff relief he just let them have.
China’s two biggest customers are the US and the EU with a combined GDP of 40 TRILLION. They are not going to go out of their way to piss off their two biggest customers for some smaller fellow thug regime.
Nope it has more to do with India’s involvement with Russia on the oil situation.
This kinda blows a hole in that Russia-China alliance thing, don’t it?
Read this thread .........and then read thread about Joe cancelling U.S. tariffs on 350 China made products.....hmmmm...quid quo pro????
How do the pro Putin Freepers feel about this ?
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