Posts Tagged ‘putin’

Time To Invest In Pork Bellies And Beans

July 29, 2014

pork belly and beans
Preparing for war: Pork bellies and beans (source)

When I was in my teens (yes I can remember that far back) everybody was interested in the events leading up to World War One (Our Grandads had been involved you see)and being an avid reader I devoured various novels and memoirs on the social conditions, political chicanery, elitist snobbery and stupidity and commercial opportunism that guided our blundering path to a senseless conflict.

And one think that fascinated me, because I knew nothing of the soldiers’ diet was the economic advice to invest in pork bellies and beans.

Many commentators in traditional and new media have commented on how similar current political conditions are to what happened in 1914, with powerful alliances refusing to back down. And then today I read something that is really worrying.

Having $50 billion of assets under potential seizure is enough to make anyone wince. However, despite a carefuly worded statement on the Yukos award, (a dispute over some Russian oil company) Vladimir Putin seems totally unfazed by the threat of further sanctions being imposed over the flight MH17 controversy. Now I think I understand why, and it’s very concerning.

As The FT reports:

The award is a landmark not just for its size – 20 times the previous record for an arbitration ruling. The tribunal also found definitively that Russia’s pursuit of Yukos and its independently-minded main shareholder, Mikhail Khodorkovsky, a decade ago was politically motivated.

Though Russia cannot appeal against the award, Moscow said it would pursue all legal avenues for trying to get it “set aside”.

Even if the ruling stands, shareholders face a tortuous battle trying to enforce it. If Moscow refuses to pay, they must pursue Russian sovereign commercial assets in the 150 countries that are party to the so-called 1958 New York Convention on enforcing arbitration awards.

But perhaps this explains why Putin is not coming out swinging, as The FT concludes,

One person close to Mr Putin said the Yukos issue was noit significant in light of the bigger geopolitical stand-off over Ukraine.

“There is a war coming in Europe,” he said. “Do you really think this matters?”

Source: The Financial Times

Well, got to go, I have to instruct my broker to buy pork bellies and beans futures.

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Yeah, That’ll Put The Wind Up Putin

March 25, 2014

Yesterday mainstream media reported Russia is engaged in a military build up along the Ukrainian border while Moldova’s breakaway province of Transnistria, makes noises about wishing to join The Russian Federation. We think David Cameron should be talking to Transnistria about the advantages of their joining the British Empire, check our our post on Transnistria from yesterday’s Noggart Blog and you will understand why.

Into the fray steps Barack Hussein Obama who is drawing red lines on the map again. The last one he drew went from Kuala Lumpur to Diego Garcia.

To counter that Russia’s show of military muscle, Obama and the US – of sector-wide sanctions on the Russian economy. According to administration officials, financial services, energy, metals and mining, defence and engineering are all in the crosshairs.

Once again Obama is all huff and puff and no substance, promising yesterday that “if Russia escalates the situation”, by which we assume he means they invade and annex the Russian – speaking east of Ukraine, then the US and the EU will impose “a greater cost”.

Based on Obama’s track record for wimping out when people challenged his authority as President Of The Entire Universe And Everything Else besides, we should be under no illusions as to what the US President might mean by full-on sanctioning of the Russia economy.

So as Russia lines up the tanks, planes, helicopter gunships, EMP weapons possibly and thousands of well equipped troops, in response Obama has threatened to cancel the bus passes of retired Russian oligarchs living in Florida.

Yeah, that’ll put the wind up Putin.

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E Bomb? Putin Has Obama Over A Fracking Barrel Again

March 7, 2014

putin responds to obama
Putin Responds To Obama’s Latest Ultiumatum. Source

In the wake of Barack Obama’s latest complete humiliation at the hands of Vladimir Putin as the Ukraine crisis drags on, mainstream media in the west has continues to provide The Rent Boy President with the journalistic equivalent og Immaculate Body Service (look it up if you must, but not on a full stomach 😀 )

Take this article by Fraser Nelson in The Daily Telegraph for example:

For decades it has seemed as if God has played a great joke on mankind, granting the best fuel reserves to the worst places. Iran, Russia, Saudi Arabia, Turkmenistan [ … ]– As Vladimir Putin has found, if you own the gas which the rich world needs, then you can get away with murder.

Europe is a recession-struck continent dependent on a Kremlin-controlled energy price. Putin cleverly cut Gazprom tariffs to the region last year, ramping up its dependence on Russian gas to record levels. And in so doing, he effectively bought EU foreign policy.

He’d find it harder to buy America’s nowadays. As Barack Obama considers his options, he has a substantial new weapon that he is not sure how to deploy. In the last few years, the shale revolution has utterly transformed America’s energy fortunes. (Read all)

Poor little Fraser, even if his belief in shale were justified, he assumes Obama would have the nous or the balls to use America’s mythical abundance of gas to outmanoeuvre Putin.

Meanwhile, in a rare attack of journalistic integrity, Huffington Post reported this:

Deepening Doubts About Fracked Shale Gas Wells’ Long Term Prospects”

“The oil and gas industry has propagated a vision that fracking unleashes vast amounts of gas which then flows relatively steadily for decades. But a growing mountain of evidence suggests that nothing could be further from the truth. Shale gas wells dry up, sometimes long before they have produced enough gas to cover the costs of drilling and fracking them.”

In the oldest shale formation, Texas’s Barnett shale, many aging wells have had to be re-fracked multiple times to keep them from runningdry. Re-fracking costs millions of dollars and requires millions of gallons of water.

A review last year by the New York Times found that less than ten percent of 9,000 Texas shale wells had recouped their estimated production costs within their first seven years.

Continue reading at Huffington Post

Added to that, there is a huge body of opposition to fracking building up in the USA, with many far fetched horror stories about blazing rap water and awakening demons being given credibility.

The economic letown will be the deal breaker of course, when shale gas turns out to be no more viable a solution for our energy needs than windmills, a lot of people are going to lose a lot of money.

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G8 Leaders Will Talk About Reducing The Price Of Oil

May 18, 2012

Leaders of major economic powers including David Cameron will arrive today at a G8 summit in the USA on the back of promises to help families “struggling with the impact of oil prices.” The summit, at the Camp David presidential retreat, will tomorrow discuss a US call for developed economies to release oil from their strategic reserves to try to bring down world oil prices. The White House is arguing that an EU embargo on Iranian oil will soon start to push up prices, a potential threat to Mr Obama’s reelection campaign.

“With families across the world struggling with the impact of oil prices and a fragile global economy, we must renew our joint efforts to support growth, financial stability and energy security,” Mr Cameron writes in an article published today.

In a newspaper article today, Mr Cameron will hint at plan to deplete oil reserves which will reduce prices temporarily but make the developed nations more vulnerable to oil exporting nations, many of which are hostile to the west, holding us to ransome in future by limiting supplies.

The Prime Minister first discussed the oil plan with mr Obama in March, when he said the idea was “worth looking at”. Diplomats said the oil plan will be discussed at Camp David on saturday morning, although no action will be announced this weekend.

Now Little Nicky does not like to pour cold water on good ideas but this is not a good idea. In fact, with oil prices being the biggest issue in the USA at the moment it looks very much like a stitch up to help Obama’s re – election bid. So in the end we the people are going to end up paying to get our greatest enemy, thre New World Order’s houseboy, the fifth-columnist-in-chief a second term in office.

It is all likely to be in vain however. Though Russia is not a G8 nation Vladimir Putin declined an invitation to a to attend while China has let it be know the USA is no longer the world’s most influential economic power (The Cinese government and its banks hold a huge amount of American debt and could reduce the USA to another Greeece tomorrow if they wished,) so things are not looking good for the G8 plan even before it gets off the ground.

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