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Paul Merrell

U.S. Embassy in Ankara Headquarter for ISIS War on Iraq - Hariri Insider | nsnbc intern... - 0 views

  • The green light for the use of ISIS brigades to carve up Iraq, widen the Syria conflict into a greater Middle East war and to throw Iran off-balance was given behind closed doors at the Atlantic Council meeting in Turkey, in November 2013, told a source close to Saudi – Lebanese billionaire Saad Hariri, adding that the U.S. Embassy in Ankara is the operation’s headquarter.
  • A “trusted source” close to the Saudi – Lebanese multi-billionaire and former Lebanese P.M. Saad Hariri told on condition of anonymity, that the final green light for the war on Iraq with ISIS or ISIL brigades was given behind closed doors, at the sidelines of the Atlantic Council’s Energy Summit in Istanbul, Turkey, on November 22 – 23, 2013. The Atlantic Council is one of the most influential U.S. think tanks with regard to U.S. and NATO foreign policy and geopolitics.
  • “Had Baghdad been more cooperative about the Syrian oil fields at Deir-Ez-Zor in early 2013 and about autonomy for the North [Iraq’s northern, predominantly Kurdish region] they would possibly not have turned against al-Maliki; Or he would have been given more time”, said the Hariri insider during the almost two-hour-long conversation.
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  • In March 2013, U.S. Secretary of State John Kerry demanded that Iraq “stops the arms flow to Syria”, while U.S. weapons were flowing to ISIS via Saudi Arabia into Iraq and Jordan. On Monday, April 22, 2013, 27 of the 28 E.U. foreign ministers agreed to lift the ban on the import of Syrian oil from opposition-held territories to allow the “opposition” to finance part of its campaign. “ISIS that was supposed to control [the region around] Deir Ez-Zor. [Turkish Energy Minister Taner] Yildiz and [Kurdish] Energy Minister Ashti] Hawrami were to make sure the oil could flow via the Kirkuk – Ceyhan [pipeline];… Ankara put al-Maliki under a lot of pressure about the Kurdish autonomy and oil, too much pressure, too early, if you’d ask me”, the source said. He added that the pressure backfired.
  • Previous reports confirmed that Baghdad started intercepting weapons and insurgents along the Saudi – Iraqi border, cutting off important supply lines for ISIS brigades around Deir Ez-Zor, and that Al-Maliki began complaining about a Saudi – Qatari-backed attempt to subvert the Iraqi State since late 2012. Noting my remark he replied: “That is right, but the heavy increase in attacks came in May – June 2013, after al-Maliki ordered the military to al-Anbar “. A previous article in nsnbc explains how Baghdad’s blockade caused problems in Jordan, because many of the transports of weapons, fighters and munitions had to be rerouted via Jordan. The Hariri insider added that the oil fields should have been under ISIS control by August 2013, but that the plan failed for two reasons. The UK withdrew its support for the bombing of Syria. That in turn enabled the Syrian army to dislodge both ISIS and Jabhat al-Nusrah from Deir Ez-Zor in August.
  • “The situation was a disaster because in June Hariri, Yidiz, Hawrami, Scowcroft, and everybody was ready to talk about how to share the oil between the U.S., Turkey and E.U.. The Summit in November should have dealt with a fait accompli”, the Hariri source stressed, adding that Washington put a gun to al-Maliki’s head when he was invited to the White House.
  • “Certain circles in Washington put a hell of a lot of pressure on Obama to put a gun to al-Maliki’s head”, said the Hariri source, adding that “time was running out and Obama was hesitant”. Asked what he meant with “time was running out” and if he could specify who it was that pushed Obama, he said: “Barzani was losing his grip in the North (Kurdish Iraq); the election [in September] was a setback. All plans for distributing Iraqi oil via Turkey and for sidelining Baghdad were set between Kirkuk and Ankara in early November… “Who exactly pressured Obama? I don’t know who delivered the message to Obama. I suspect Kerry had a word. It’s more important from where the message came, Kissinger, Scowcroft, Nuland and the Keagan clan, Stavridis, Petreaus, Riccardione, and the neo-con crowd at the [Atlantic] Council. … As far as I know ´someone` told Obama that he’d better pressure al-Maliki to go along with Kurdish autonomy by November or else. Who exactly ´advised` Obama is not as important as the fact that those people let him know that they would go ahead, with, or without him”.
  • Asked whether he knew details, how the final green light for the ISIS campaign was given, he said: ” Behind closed doors, in the presence of both Scowcroft, Hariri, and a couple of other people”. To my question “if he could be more specific” he replied “I could; I want to stay alive you know; Riccardione was tasked with the operation that day”. Noting that a prominent member of Saudi Arabia’s royal family, Prince Abdul Rachman al-Faisal has been named as the one being “in command” of the ISIS brigades, and if he could either confirm or deny, he nodded, adding that “the Prince” is responsible for financing the operation and for part of the command structure, but that the operations headquarter is the U.S. Embassy in Ankara Turkey. “As far as I know, nothing moves without Ambassador Riccardione”, he added.
  • The green light for the use of ISIS brigades to carve up Iraq, widen the Syria conflict into a greater Middle East war and to throw Iran off-balance was given behind closed doors at the Atlantic Council meeting in Turkey, in November 2013, told a source close to Saudi – Lebanese billionaire Saad Hariri, adding that the U.S. Embassy in Ankara is the operation’s headquarter.
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    From June 2014, an important one I forgot to bookmark before. 
Paul Merrell

US's Saudi Oil Deal from Win-Win to Mega-Loose | nsnbc international - 0 views

  • Who would’ve thought it would come to this? Certainly not the Obama Administration, and their brilliant geo-political think-tank neo-conservative strategists. John Kerry’s brilliant “win-win” proposal of last September during his September 11 Jeddah meeting with ailing Saudi King Abdullah was simple: Do a rerun of the highly successful State Department-Saudi deal in 1986 when Washington persuaded the Saudis to flood the world market at a time of over-supply in order to collapse oil prices worldwide, a kind of “oil shock in reverse.” In 1986 was successful in helping to break the back of a faltering Soviet Union highly dependent on dollar oil export revenues for maintaining its grip on power. So, though it was not made public, Kerry and Abdullah agreed on September 11, 2014 that the Saudis would use their oil muscle to bring Putin’s Russia to their knees today.
  • It seemed brilliant at the time no doubt. On the following day, 12 September 2014, the US Treasury’s aptly-named Office of Terrorism and Financial Intelligence, headed by Treasury Under-Secretary David S. Cohen, announced new sanctions against Russia’s energy giants Gazprom, Gazprom Neft, Lukoil, Surgutneftgas and Rosneft. It forbid US oil companies to participate with the Russian companies in joint ventures for oil or gas offshore or in the Arctic. Then, just as the ruble was rapidly falling and Russian major corporations were scrambling for dollars for their year-end settlements, a collapse of world oil prices would end Putin’s reign. That was clearly the thinking of the hollowed-out souls who pass for statesmen in Washington today. Victoria Nuland was jubilant, praising the precision new financial warfare weapon at David Cohen’s Treasury financial terrorism unit. In July, 2014 West Texas Intermediate, the benchmark price for US domestic oil pricing, traded at $101 a barrel. The shale oil bonanza was booming, making the US into a major oil player for the first time since the 1970’s. When WTI hit $46 at the beginning of January this year, suddenly things looked different. Washington realized they had shot themselves in the foot.
  • They realized that the over-indebted US shale oil industry was about to collapse under the falling oil price. Behind the scenes Washington and Wall Street colluded to artificially stabilize what then was an impending chain-reaction bankruptcy collapse in the US shale oil industry. As a result oil prices began a slow rise, hitting $53 in February. The Wall Street and Washington propaganda mills began talking about the end of falling oil prices. By May prices had crept up to $62 and almost everyone was convinced oil recovery was in process. How wrong they were.
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  • Since that September 11 Kerry-Abdullah meeting (curious date to pick, given the climate of suspicion that the Bush family is covering up involvement of the Saudis in or around the events of September 11, 2001), the Saudis have a new ageing King, Absolute Monarch and Custodian of the Two Holy Mosques, King Salman, replacing the since deceased old ageing King, Abdullah. However, the Oil Minister remains unchanged—79-year-old Ali al-Naimi. It was al-Naimi who reportedly saw the golden opportunity in the Kerry proposal to use the chance to at the same time kill off the growing market challenge from the rising output of the unconventional USA shale oil industry. Al-Naimi has said repeatedly that he is determined to eliminate the US shale oil “disturbance” to Saudi domination of world oil markets. Not only are the Saudis unhappy with the US shale oil intrusion on their oily Kingdom. They are more than upset with the recent deal the Obama Administration made with Iran that will likely lead in several months to lifting Iran economic sanctions. In fact the Saudis are beside themselves with rage against Washington, so much so that they have openly admitted an alliance with arch foe, Israel, to combat what they see as the Iran growing dominance in the region—in Syria, in Lebanon, in Iraq.
  • This has all added up to an iron Saudi determination, aided by close Gulf Arab allies, to further crash oil prices until the expected wave of shale oil company bankruptcies—that was halted in January by Washington and Wall Street manipulations—finishes off the US shale oil competition. That day may come soon, but with unintended consequences for the entire global financial system at a time such consequences can ill be afforded. According to a recent report by Wall Street bank, Morgan Stanley, a major player in crude oil markets, OPEC oil producers have been aggressively increasing oil supply on the already glutted world market with no hint of a letup. In its report Morgan Stanley noted with visible alarm, “OPEC has added 1.5 million barrels/day to global supply in the last four months alone…the oil market is currently 800,000 barrels/day oversupplied. This suggests that the current oversupply in the oil market is fully due to OPEC’s production increase since February alone.” The Wall Street bank report adds the disconcerting note, “We anticipated that OPEC would not cut, but we didn’t foresee such a sharp increase.” In short, Washington has completely lost its strategic leverage over Saudi Arabia, a Kingdom that had been considered a Washington vassal ever since FDR’s deal to bring US oil majors in on an exclusive basis in 1945.
  • That breakdown in US-Saudi communication adds a new dimension to the recent June 18 high-level visit to St. Petersburg by Muhammad bin Salman, the Saudi Deputy Crown Prince and Defense Minister and son of King Salman, to meet President Vladimir Putin. The meeting was carefully prepared by both sides as the two discussed up to $10 billion of trade deals including Russian construction of peaceful nuclear power reactors in the Kingdom and supplying of advanced Russian military equipment and Saudi investment in Russia in agriculture, medicine, logistics, retail and real estate. Saudi Arabia today is the world’s largest oil producer and Russia a close second. A Saudi-Russian alliance on whatever level was hardly in the strategy book of the Washington State Department planners.…Oh shit! Now that OPEC oil glut the Saudis have created has cracked the shaky US effort to push oil prices back up. The price fall is being further fueled by fears that the Iran deal will add even more to the glut, and that the world’s second largest oil importer, China, may cut back imports or at least not increase them as their economy slows down. The oil market time bomb detonated in the last week of June. The US price of WTI oil went from $60 a barrel then, a level at which at least many shale oil producers can stay afloat a bit longer, to $49 on July 29, a drop of more than 18% in four weeks, tendency down. Morgan Stanley sounded loud alarm bells, stating that if the trend of recent weeks continues, “this downturn would be more severe than that in 1986. As there was no sharp downturn in the 15 years before that, the current downturn could be the worst of the last 45+ years. If this were to be the case, there would be nothing in our experience that would be a guide to the next phases of this cycle…In fact, there may be nothing in analyzable history.”
  • October is the next key point for bank decisions to roll-over US shale company loans or to keep extending credit on the (until now) hope that prices will slowly recover. If as strongly hinted, the Federal Reserve hikes US interest rates in September for the first time in the eight years since the global financial crisis erupted in the US real estate market in 2007, the highly-indebted US shale oil producers face disaster of a new scale. Until the past few weeks the volume of US shale oil production has remained at the maximum as shale producers desperately try to maximize cash flow, ironically, laying the seeds of the oil glut globally that will be their demise. The reason US shale oil companies have been able to continue in business since last November and not declare bankruptcy is the ongoing Federal Reserve zero interest rate policy that leads banks and other investors to look for higher interest rates in the so-called “High Yield” bond market. Back in the 1980’s when they were first created by Michael Millken and his fraudsters at Drexel Burnham Lambert, Wall Street appropriately called them “junk bonds” because when times got bad, like now for Shale companies, they turned into junk. A recent UBS bank report states, “the overall High-Yield market has doubled in size; sectors that witnessed more buoyant issuance in recent years, like energy and metals mining, have seen debt outstanding triple or quadruple.”
  • Assuming that the most recent downturn in WTI oil prices continues week after week into October, there well could be a panic run to sell billions of dollars of those High-Yield, high-risk junk bonds. As one investment analyst notes, “when the retail crowd finally does head for the exits en masse, fund managers will be forced to come face to face with illiquid secondary corporate credit markets where a lack of market depth…has the potential to spark a fire sale.” The problem is that this time, unlike in 2008, the Federal Reserve has no room to act. Interest rates are already near zero and the Fed has bought trillions of dollars of bank bad debt to prevent a chain-reaction US bank panic. One option that is not being discussed at all in Washington would be for Congress to repeal the disastrous 1913 Federal Reserve Act that gave control of our nation’s money to a gang of private bankers, and to create a public National Bank, owned completely by the United States Government, that could issue credit and sell Federal debt without the intermediaries of corrupt Wall Street bankers as the Constitution intended. At the same time they could completely nationalize the six or seven “Too Big To Fail” banks behind the entire financial mess that is destroying the foundations of the United States and by extension of the role of the dollar as world reserve currency, of most of the world.
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    I give a lot of credibility to this article's author when it comes to matters involving the oil market. Remember when reading that the only thing propping up the U.S. dollar is the Saudi (later extended to all OPEC nations) insistence that they be paid for their oil and natural gas in U.S. dollars, which creates artificial demand for the dollar globally. If the Gulf Coast States begin accepting payment in rubles or yuan, it is curtains for the U.S. dollar in global markets.  
Gary Edwards

Unbridled Obama Socialism: Obama's Address to Congress Outlines His Plan to Expand Gove... - 0 views

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    Far from suggesting limits on Congress or federal spending, the new President made clear in his first State of the Union address that he believes in government power as the answer to our current difficulties, and he intends to use it. ...... The political divide is over means, not ends, and on that score Mr. Obama is slowly revealing himself as a President who meant what he said going back to the primaries. He believes in the power of the state to drive prosperity, to reform the financial system and health care, and even to transform the entire energy economy. Mr. Obama said at one point that he didn't believe in government for its own sake, but his policy emphasis showed otherwise. ............. The political divide is over means, not ends, and on that score Mr. Obama is slowly revealing himself as a President who meant what he said going back to the primaries. He believes in the power of the state to drive prosperity, to reform the financial system and health care, and even to transform the entire energy economy. Mr. Obama said at one point that he didn't believe in government for its own sake, but his policy emphasis showed otherwise.
Gary Edwards

The Europeanization of America - WSJ.com Pete Dupont - 0 views

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    So where is the new Obama administration likely to take us? Seven things seem certain: The U.S. military will withdraw from Iraq quickly and substantially, regardless of conditions on the ground or the obvious consequence of emboldening terrorists there and around the globe. Protectionism will become our national trade policy; free trade agreements with other nations will be reduced and limited. Income taxes will rise on middle- and upper-income people and businesses, and individuals will pay much higher Social Security taxes, all to carry out the new president's goals of "spreading the wealth around." Federal government spending will substantially increase. The new Obama proposals come to more than $300 billion annually, for education, health care, energy, environmental and many other programs, in addition to whatever is needed to meet our economic challenges. Mr. Obama proposes more than a 10% annual spending growth increase, considerably higher than under the first President Bush (6.7%), Bill Clinton (3.3%) or George W. Bush (6.4%). Federal regulation of the economy will expand, on everything from financial management companies to electricity generation and personal energy use. The power of labor unions will substantially increase, beginning with repeal of secret ballot voting to decide on union representation. Free speech will be curtailed through the reimposition of the Fairness Doctrine to limit the conservative talk radio that so irritates the liberal establishment. These policy changes will be the beginning of the Europeanization of America.
Paul Merrell

2015 Will Be All About Iran, China and Russia / Sputnik International - 0 views

  • Fasten your seatbelts; 2015 will be a whirlwind pitting China, Russia and Iran against what I have described as the Empire of Chaos.
  • So yes – it will be all about further moves towards the integration of Eurasia as the US is progressively squeezed out of Eurasia. We will see a complex geostrategic interplay progressively undermining the hegemony of the US dollar as a reserve currency and, most of all, the petrodollar. For all the immense challenges the Chinese face, all over Beijing it's easy to detect unmistakable signs of a self-assured, self-confident, fully emerged commercial superpower. President Xi Jinping and the current leadership will keep investing heavily in the urbanization drive and the fight against corruption, including at the highest levels of the Chinese Communist Party (CCP). Internationally, the Chinese will accelerate their overwhelming push for new 'Silk Roads' – both overland and maritime – which will underpin the long-term Chinese master strategy of unifying Eurasia with trade and commerce.
  • Global oil prices are bound to remain low. All bets are off on whether a nuclear deal will be reached by this summer between Iran and the P5+1. If sanctions (actually economic war) against Iran remain and continue to seriously hurt its economy, Tehran’s reaction will be firm, and will include even more integration with Asia, not the West.
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  • Now let’s take a look at Russian fundamentals. Russia’s government debt totals only 13.4% of its GDP. Its budget deficit in relation to GDP is only 0.5%.  If we assume a US GDP of $16.8 trillion (the figure for 2013), the US budget deficit totals 4% of GDP, versus 0.5% for Russia. The Fed is essentially a private corporation owned by regional US private banks, although it passes itself off as a state institution. US publicly held debt is equal to a whopping 74% of GDP in fiscal year 2014. Russia’s is only 13.4%. The declaration of economic war by the US and EU on Russia – via the run on the ruble and the oil derivative attack – was essentially a derivatives racket. Derivatives – in theory – may be multiplied to infinity. Derivative operators attacked both the ruble and oil prices in order to destroy the Russian economy. The problem is, the Russian economy is more soundly financed than America's.
  • Considering that this swift move was conceived as a checkmate, Moscow’s defensive strategy was not that bad. On the key energy front, the problem remains the West’s – not Russia’s. If the EU does not buy what Gazprom has to offer, it will collapse. Moscow’s key mistake was to allow Russia's domestic industry to be financed by external, dollar-denominated debt. Talk about a monster debt trap  which can be easily manipulated by the West. The first step for Moscow should be to closely supervise its banks. Russian companies should borrow domestically and move to sell their assets abroad. Moscow should also consider implementing a system of currency controls so the basic interest rate can be brought down quickly. And don’t forget that Russia can always deploy a moratorium on debt and interest, affecting over $600 billion. That would shake the entire world's banking system to the core. Talk about an undisguised “message” forcing the US/EU economic warfare to dissolve.
  • Russia does not need to import any raw materials. Russia can easily reverse-engineer virtually any imported technology if it needs to. Most of all, Russia can generate — from the sale of raw materials – enough credit in US dollars or euros. Russia's sale of its energy wealth — or sophisticated military gear — may decline. However, they will bring in the same amount of rubles — as the ruble has also declined.  Replacing imports with domestic Russian manufacturing makes total sense. There will be an inevitable “adjustment” phase – but that won’t take long. German car manufacturers, for instance, can no longer sell their cars in Russia due to the ruble's decline. This means they will have to relocate their factories to Russia. If they don’t, Asia – from South Korea to China — will blow them out of the market.
  • The EU's declaration of economic war against Russia makes no sense whatsoever. Russia controls, directly or indirectly, most of the oil and natural gas between Russia and China: roughly 25% of the world's supply. The Middle East is bound to remain a mess. Africa is unstable. The EU is doing everything it can to cut itself off from its most stable supply of hydrocarbons, prompting Moscow to redirect energy to China and the rest of Asia. What a gift for Beijing – as it minimizes the alarm about the US Navy playing with "containment" across the high seas.  Still, an unspoken axiom in Beijing is that the Chinese remain extremely worried about an Empire of Chaos losing more and more control, and dictating the stormy terms of the relationship between the EU and Russia. The bottom line is that Beijing would never allow itself to be in a position where the US could interfere with China's energy imports – as was the case with Japan in July 1941 when the US declared war by imposing an oil embargo, cutting off 92% of Japanese oil imports. Everyone knows a key plank of China’s spectacular surge in industrial power was the requirement for manufacturers to produce in China. If Russia did the same, its economy would be growing at a rate of over 5% per year in no time. It could grow even more if bank credit was tied only to productive investment.
  • Now imagine Russia and China jointly investing in a new gold, oil and natural resource-backed monetary union as a crucial alternative to the failed debt "democracy" model pushed by the Masters of the Universe on Wall Street, the Western central bank cartel, and neoliberal politicians. They would be showing the Global South that financing prosperity and improved standards of living by saddling future generations with debt was never meant to work in the first place. Until then, a storm will be threatening our very lives – today and tomorrow. The Masters of the Universe/Washington combo won’t give up their strategy to make Russia a pariah state cut off from trade, the transfer of funds, banking and Western credit markets and thus prone to regime change. Further on down the road, if all goes according to plan, their target will be (who else) China. And Beijing knows it. Meanwhile, expect a few bombshells to shake the EU to its foundations. Time may be running out – but for the EU, not Russia. Still, the overall trend won’t be altered; the Empire of Chaos is slowly but surely being squeezed out of Eurasia.
Paul Merrell

Nuclear Lab Whistleblower Case Moves Forward - 0 views

  • In 2013 a contract employee at the Los Alamos National Laboratory found himself stripped of his security clearance and suspended from his job shortly after he published an article arguing the benefits of getting rid of nuclear weapon stockpiles. This month he begins mediation with the lab after his second whistleblower claim was accepted by the National Nuclear Security Administration. Dr. James Doyle worked at the Los Alamos lab, one of the laboratories in the Department of Energy nuclear complex, for 17 years. Prior to submitting his article for publication, he had it reviewed by a classification analyst at the lab, met with the director of the security office to address any concerns, and made it clear in the article that he was providing his own opinion as an individual and not as an Energy Department employee. But just two days after the article was published by the International Institute for Strategic Studies, Dr. Doyle was accused of disclosing classified information. Lab officials searched his personal computer, retroactively classified the article, and suspended his security clearance. Dr. Doyle was understandably confused and filed a complaint alleging that lab officials were retaliating against him for expressing unpopular opinions in the article. After filing the complaint, Dr. Doyle was fired from his position at the lab and his whistleblower complaint was rejected. While the Department maintains that his termination was due to budget cuts, Dr. Doyle believes it was due to his push-back against the retroactive classification of his article.
  • Several nuclear watchdog groups, including the Project On Government Oversight, rallied around Dr. Doyle, sending a letter in 2014 to the Secretary of Energy and the Inspector General urging a review of his case. Dr. Doyle filed a second complaint because he was fired before his first complaint was resolved. The Nuclear Security & Deterrence Monitor reported last week in an article titled “NNSA Accepts Second Whistleblower Claim From Laid-Off Los Alamos Analyst” (behind a paywall) that this claim was accepted in late 2014 and that Dr. Doyle began mediation with the lab this month. This is a step in the right direction, and one step further than his first complaint ever got.
Paul Merrell

Russia Abandons PetroDollar By Opening Reserve Fund - 0 views

  • 2015 has not been good to Russia; the spread between Brent and WTI is gone in anticipation of US exports and both benchmarks have flirted with sub $45 prices. A hostage to such prices, the ruble has yet to begin its turnaround and the state’s finances are in extreme disarray. President Vladimir Putin’s approval ratings remain sky-high, but his country has not faced such difficult times since he took office more than 15 years ago. Since the turn of the new year the ruble has fallen over 13 percent and Russia’s central bank and finance department are running out of options – to date, policy makers have hiked interest rates to their highest level since the 1998 Russian financial crisis and embarked on a 1 trillion-ruble ($15 billion) bank recapitalization plan to little effect. Their latest, and most dramatic, plan is to abandon the dollar – at least somewhat.
  • In late December, the Kremlin ordered five large state-owned exporters – including oil and gas giants Rosneft and Gazprom – to sell their foreign currency reserves. Specifically, the companies must bring their foreign reserves to October levels by the beginning of March. To comply, the exporters may have to sell a combined $1 billion per day until March. Private companies have not yet been hit by these soft capital controls, but have instead been advised to manage their foreign exchange maneuvers responsibly. More recently, the Kremlin announced it will open its $88 billion sovereign wealth fund and flip it for rubles. The plan will see Russia convert as much as $8 billion to rubles (~500 billion) over a two-month span and place them in deposits for banks. Overall, the move will provide the Russian economy with some much needed liquidity and could speed up the healing if oil were to rebound, but it sends the wrong signals to investors and Economy Minister Alexei Ulyukaev believes the country’s credit rating will soon be marked below investment grade.
  • In any case, the move does little for the country’s ailing oil industry. The domestic market is projected to shrink amid the economic slowdown, and competition for market share abroad is increasingly competitive. Production forecasts are no rosier and the EIA predicts Russian crude production growth will be among the worst performers in both 2015 and 2016 – contrasted by continued growth in North America. Russia’s gas industry has fared no better. Gazprom’s 2014 output was historically awful and LNG is ever more a counter to the country’s pipeline politics.
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  • While Russia likely envisioned abandoning its dollars under far better circumstances, the news is just as worrying for the United States and its dollar hegemony. Along with Russia, energy exporters worldwide are pulling their petrodollars out of world financial markets and other USD-denominated assets in favor of greater, and certainly necessary, spending domestically. In the past, these dollars have given life to the loan market and helped fund debt among energy importers, contributing to overall growth.
  • Petrodollar exports – otherwise known as petrodollar recycling – were negative in 2014 for the first time in nearly two decades. The result is falling global market liquidity, record low US Treasury rates, and higher borrowing costs for everyone – a tough pill to swallow for energy producers if oil prices remain low. The US dollar remains the global reserve currency for now, but the fact remains that nations are increasingly transacting on their own terms, and often times without the USD.
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    Re: "EIA predicts Russian crude production growth will be among the worst performers in both 2015 and 2016 - contrasted by continued growth in North America." That's not what is being reported. Many shale oil production facilities are no longer profitable in North America and credit for new efforts has completely dried up. And unless Congress can raise enough votes in both houses to overried Obama's promised veto of a bill to alow construction of the KXL Pipeline, Most of Canada's new oil production capacity will never reach the market. (Canada has ruled out pipelines from the Alberta tar sands to its own ocean coasts, so there is no alternative to KXL.)
Paul Merrell

Non-Dollar Trading Is Killing the Petrodollar -- And the Foundation of U.S.-S... - 0 views

  • A profound transformation of the global monetary system is underway. It is being driven by a perfect storm: the need for Russia and Iran to escape Western sanctions, the low interest rate policy of the U.S. Federal Reserve to keep the American economy afloat and the increasing demand for Middle East oil by China.The implications of this transformation are immense for U.S. policy in the Middle East which, for 50 years, has been founded on a partnership with Saudi Arabia.
  • A profound transformation of the global monetary system is underway. It is being driven by a perfect storm: the need for Russia and Iran to escape Western sanctions, the low interest rate policy of the U.S. Federal Reserve to keep the American economy afloat and the increasing demand for Middle East oil by China.The implications of this transformation are immense for U.S. policy in the Middle East which, for 50 years, has been founded on a partnership with Saudi Arabia.
  • s economic sanctions are increasingly part of the West's arsenal, those non-Western countries that are the target -- or potential target -- of such sanctions are devising a counterpunch: non-dollar trading. It would, in effect, nullify the impact of sanctions. Whether in yuan or roubles, non-dollar trading -- which enables countries to bypass U.S. claims to legal jurisdiction -- will transform the prospects facing Iran and Syria, particularly in the field of energy reserves, and deeply affect Iraq which is situated between the two. President Putin has said (in the context of reducing Russia's economic vulnerabilities) that he views the dollar monopoly in energy trade as damaging to the Russian economy. Since hydrocarbon revenues form the most substantive part of Russia's revenues, Putin's desire to take action in this area is not surprising. In the face of sanctions, Putin is seeking to reduce its economic dependence on the West. Russia has signed two "holy grail" gas contracts with China and is in negotiations to offer the latter sophisticated weaponry. It is also in the process of finalizing significant trade deals with India and Iran. All of this will be to the benefit of Iran, too: the Russians recently announced a deal to build several new nuclear power plants there.
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    Is this a trend? This is the second article I've read in MSM during the last two days that sounds the alarm that the petrodollar system is collapsing and that de-dollarization is in motion, along with noticing that U.S. fiscal and foreign policy is helping to accelerate de-dollarization. Perhaps the propagandameisters have decided that they can't squelch this information any longer because the alternative press has publicized it too widely?
Paul Merrell

What's the big deal between Russia and the Saudis? - RT Op-Edge - 0 views

  • Amidst the wilderness of mirrors surrounding the Syrian tragedy, a diamond-shaped fact persists: Despite so many degrees of separation, the Saudis are still talking to the Russians. Why? A key reason is because a perennially paranoid House of Saud feels betrayed by their American protectors who, under the Obama administration, seem to have given up on isolating Iran.
  • From the House of Saud’s point of view, three factors are paramount. 1) A general sense of ‘red alert’ as they have been deprived from an exclusive relationship with Washington, thus becoming incapable of shaping US foreign policy in the Middle East; 2) They have been mightily impressed by Moscow’s swift counter-terrorism operation in Syria; 3) They fear like the plague the current Russia-Iran alliance if they have no means of influencing it.
  • That explains why King Salman’s advisers have pressed the point that the House of Saud has a much better chance of checking Iran on all matters - from “Syraq” to Yemen - if it forges a closer relationship with Moscow. In fact, King Salman may be visiting Putin before the end of the year.
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  • One of the untold stories of the recent Syria-driven diplomatic flurry is how Moscow has been silently working on mollifying both Saudi Arabia and Turkey behind the scenes. That was already the case when the foreign ministers of US, Russia, Turkey and Saudi Arabia met before Vienna.Vienna was crucial not only because Iran was on the table for the first time but also because of the presence of Egypt – incidentally, fresh from recent discovery of new oil reserves, and engaging in a reinforced relationship with Russia.The absolute key point was this paragraph included in Vienna’s final declaration: “This political process will be Syrian-led and Syrian-owned, and the Syrian people will decide the future of Syria.”It’s not by accident that only Russian and Iranian media chose to give the paragraph the appropriate relevance. Because this meant the actual death of the regime change obsession, much to the distress of US neocons, Erdogan and the House of Saud.
  • The main point is the death of the regime change option, brought about by Moscow. And that leaves Putin free to further project his extremely elaborate strategy. He called Erdogan on Wednesday to congratulate him on his and the AKP’s election landslide. This means that now Moscow clearly has someone to talk to in Ankara. Not only about Syria. But also about gas.Putin and Erdogan will have a crucial energy-related meeting at the G20 summit on November 15 in Turkey; and there’s an upcoming visit by Erdogan to Moscow. Bets are on that the Turk Stream agreement will be – finally – reached before the end of the year. And on northern Syria, Erdogan has been forced to admit by Russian facts on the ground and skies that his no-fly zone scheme will never fly.
  • That leaves us with the much larger problem: the House of Saud.There’s a wall of silence surrounding the number one reason for Saudi Arabia to bomb and invade Yemen, and that is to exploit Yemen’s virgin oil lands, side by side with Israel – no less. Not to mention the strategic foolishness of picking a fight with redoubtable warriors such as the Houthis, which have sowed panic amidst the pathetic, mercenary-crammed Saudi army.Riyadh, following its American reflexes, even resorted to recruiting Academi – formerly Blackwater - to round up the usual mercenary suspects as far away as Colombia.It was also suspected from the beginning, but now it's a done deal that the responsible actor for the costly Yemen military disaster is none other than Prince Mohammad bin Salman, the King’s son who, crucially, was sent by his father to meet Putin face-to-face.
  • Meanwhile, Qatar will keep crying because it was counting on Syria as a destination point for its much-coveted gas pipeline to serve European customers, or at least as a key transit hub on the way to Turkey.Iran on the other hand needed both Iraq and Syria for the rival Iran-Iraq-Syria gas pipeline because Tehran could not rely on Ankara while it was under US sanctions (this will now change, fast). The point is Iranian gas won’t replace Gazprom as a major source for the EU anytime soon. If it ever did, or course, that would be a savage blow to Russia.
  • In oil terms, Russia and the Saudis are natural allies. Saudi Arabia cannot export natural gas; Qatar can. To get their finances in order – after all even the IMF knows they are on a highway to hell - the Saudis would have to cut back around ten percent of production with OPEC, in concert with Russia; the oil price would more than double. A 10 percent cutback would make a fortune for the House of Saud.So for both Moscow and Riyadh, a deal on the oil price, to be eventually pushed towards $100 a barrel, would make total economic sense. Arguably, in both cases, it might even mean a matter of national security.But it won’t be easy. OPEC’s latest report assumes a basket of crude oil to be quoted at only $55 in 2015, and to rise by $5 a year reaching $80 only by 2020. This state of affairs does not suit either Moscow or Riyadh.
  • Meanwhile, fomenting all sorts of wild speculation, ISIS/ISIL/Daesh still manages to collect as much as $50 million a month from selling crude from oilfields it controls across “Syraq”, according to the best Iraq-based estimates.The fact that this mini-oil caliphate is able to bring in equipment and technical experts from “abroad” to keep its energy sector running beggars belief. “Abroad” in this context means essentially Turkey – engineers plus equipment for extraction, refinement, transport and energy production.One of the reasons this is happening is that the US-led Coalition of the Dodgy Opportunists (CDO) – which includes Saudi Arabia and Turkey - is actually bombing the Syrian state energy infrastructure, not the mini oil-Caliphate domains. So we have the proverbial “international actors” in the region de facto aiding ISIS/ISIL/Daesh to sell crude to smugglers for as low as $10 a barrel.Saudis – as much as Russian intel - have noted how ISIS/ISIL/Daesh is able to take over the most advanced US equipment that takes months to master, and instead integrate it into their ops at once. This implies they must have been extensively trained. The Pentagon, meanwhile, sent and will be sending top military across “Syraq” with an overarching message: if you choose Russia we won’t help you.ISIS/ISIL/Daesh, for their part, never talks about freeing Jerusalem. It’s always about Mecca and Medina.
  •  
    Pepe Escobar brings us up to speed on big changes in the Mideast, including the decline of U.S. influence. Not mentioned, but the Saudis' feelings of desertion by the Washington Beltway and its foreplay with Russia could bring about an end to the Saudis insistence on being paid for oil in U.S. dollars, and there goes the western economy. 
Paul Merrell

Natural Disasters Are Revealing The True Promise Of Green Energy - 0 views

  • After Hurricane Irma in Florida, millions have been without electricity. But those Floridians who had solar panels plus an inverter or a Tesla powerwall were able to recover electricity immediately. Likewise, cities used solar to power traffic lights and other essential services after the huge storm had blown past. Solar panels kept the lights on in India during the horrific storms and floods of monsoon this year. The CEO of REC, Steve O’Neil which makes solar panels, reveals some amazing progress on green energy:
  • In 2010, there were 50 gigawatts of solar power in the world. Today it is 305 gigawatts. Globally, solar installations increased by 50% in 2016 alone. The average cost of solar-generated electricity worldwide is currently 8 cents a kilowatt hour. That is down 70% since 2010.
  • ome on down to 2 cents a kilowatt hour in only a few years. India, a country of 1.2 billion people, has the seventh largest gross domestic product in the world (ahead of Italy and Brazil and just behind France). India has gone from having 2.65 gigawatts of solar in 2014 to having 13 gigawatts of solar capacity in 2017.
Paul Merrell

MoA - Gas From Israel And The Flynn Wiretapping - Behind The Deep-State Infighting Over... - 0 views

  • What is really behind the deep-state infighting over the U.S. elections and the "wire tapping" of the Trump campaign? Why was the CIA-Neocon axis vehemently lobbying against Trump? What foreign interests and what money is involved in this? Answers to these questions are now emerging. The former director of the CIA under Clinton, James Woolsey, went to the Wall Street Journal and offered some information (likely some true and some false) on the retired General Flynn and the lobbying businesses he was involved in. Woolsey is an arch-neoconservative. He had worked on the transition team of Trump but got fired over "growing tensions over Trump’s vision for intelligence agencies." Flynn is the former National Security Advisor of Trump who later also got fired. Woolsey was a board member of Flynn's former lobbying company FIG. Woolsey claims: In September 2016 he took part in a meeting between Flynn and high level Turkish officials, including the Turkish foreign minister and the energy minister who is the son-in-law of the Turkish president Erdogan. During the meeting, Woolsey claims, a brainstorming took place over how the Turkish cult leader Fethullah Gülen could -probably by illegal means- be removed from the U.S. and handed over to Turkey. Gülen is accused by the Erdogan mafia of initiating a coup attempt against it. The U.S. claims officially that there is no evidence for such an accusation and that Gülen can therefore not be rendered to Turkey. Gülen is an old CIA asset that helped the U.S. deep state to control Turkey.  Erdogan divorced from the Gülen organization after it became useless for his neo-Ottoman project. Here is the WSJ report on the Woolsey claims and a video clip with parts of his WSJ interview. Woolsey also went on CNN where he repeated his WSJ story. Flynn was accused by the anti-Trump campaign to have worked for Russia. He had taken several $10,000 for speeches he gave in Moscow. He also, at times, had argued for better U.S. relations with Russia. But Flynn's pro-Russia stand was probably honest. (Or the bribes involved were just smaller than the ones paid by others.) The money he got on the speaker circus was rather small for a man in his position. Flynn's real corruption was on another issue. After having been fired from the Trump administration, Flynn retroactively filed under the Foreign Agent Registration Act (FARA). His lobbying firm had a contract over $530,000 to work for a company near to the Turkish president Erdogan: In its filing, Mr. Flynn’s firm said its work from August to November “could be construed to have principally benefited the Republic of Turkey.” The filing said his firm’s fee, $530,000, wasn’t paid by the government but by Inovo BV, a Dutch firm owned by a Turkish businessman, Ekim Alptekin.
  • This lobbying, not the alleged Flynn-Putin relation, is the real scandal and part of the Trump/CIA/Clinton deep-state in-fighting. The meeting Woolsey described was under the "Turkish" Flynn contract. The Turkish business man, and owner of Inovo, Ekim Alptekin is a member of the Erdogan gang. But hidden at the very end of the WSJ story is the real key to understand the shady network: Inovo hired Mr. Flynn on behalf of an Israeli company seeking to export natural gas to Turkey, the filing said, and Mr. Alptekin wanted information on the U.S.-Turkey political climate to advise the gas company about its Turkish investments. It was the Israeli gas company, not the Alptekin outlet, that drove the issue. The Leviatan (and Tamar) gas fields in the Mediterranean along the Israeli coast are a huge energy and profit resource IF the gas from them can be exported to Europe. Several companies are involved in the exploration and all are looking for ways to connect the fields to the European gas network. There are (likely true) rumors that huge bribes have been payed in Israel, Jordan and elsewhere to win exploration contracts and to sell the gas. Negotiations between Israel and Turkey over the pipeline have been on and off. They depend on a positive climate towards Israel in the Turkish government which again depends on the often changing political position of the Erdogan gang.
  • The picture evolving here (lots of sleuthing and sources) is this: An Israeli company (or whoever is behind it) wants a gas pipeline to Turkey. It hires Flynn and Alptekin to arrange a positive climate for the Leviathan pipeline within the Turkish government. It offers Flynn more than half a million for a little (4-month long) influence work. His job is to create a "friendly atmosphere" for the deal by using his influence in the U.S. to accommodate Erdogan. A major point that is expected from Flynn is to arrange the handover of Gülen, by whatever means, from the U.S. to Erdogan. After accepting the (lobbying) bribe Flynn-the-whore suddenly changes his former anti-Turkish, pro-Russian, pro-Kurdish political position into a pro-Turkish, neutral-Russian and anti-Kurdish one. (His lobbying firm also makes some smaller payments related to the Clinton email-server scandal. This may be related to links between the Clinton family and the Gülen school empire.) He has a meeting with the Turkish government/Erdogan officials part of which is a discussion of a removal of Gülen to Turkey. He pens a pro Erdogan anti-Gülen op-ed which is published on the day of the election and he denigrates the Pentagon plan to work with the Kurds in Syria. The NSA, CIA and the FBI are listening to Flynn's conversations with Turkish and Israeli interests. (For the old and long history of such "wiretapping" of Turkish and Israeli connections and various dirty and criminal deals they revealed read and ask Sibel Edmonds.) The projects which Flynn is involved in, especially removing Gülen, are against the long term interests of the (neoconservative-driven) CIA. Selected tapes of his talks are transcribed and distributed within the anti-Trump campaign. This is the origin of the "wiretapping" of the Trump Tower the U.S. president lamented about. The stuff the CIA dug up about Flynn's dealing was and is used against Trump. Woolsey is caught up in this as he also worked for Flynn's lobbying firm. (His neocon-pro-Zionist history suggests that he is the senior Israeli watchdog over Flynn in all this.) He is now engaged in damage control and is "coming clean" and selectively leaking his anti-Flynn stuff to exculpate himself. (There is probably also some new, better deal involved that will pay off from him.) The Israeli-Turkish pipeline and the related deep-state fight are not the only issue involved in the campaign against Trump. There are also British interests and British intelligence involvement especially with the accusations against Russia of "hacking" of the DNC. If and how these fit in with above has not yet been revealed.
Gary Edwards

Your Offensive Obama Oil Policy Infographics of the Day | RedState - 1 views

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    If you're looking for a single picture that captures the salient points of President Barack Obama's oil policy, here it is. Courtesy of the Republican Study Committee, this set of graphics says it all.   Except perhaps for one little discussed note; the USA is the number 3 oil producing nation in the world.  Every decision effects world energy production and pricing.  Especially when the dollar is being devalued and destroyed at breakneck speed.
Paul Merrell

Israel: Gas, Oil and Trouble in the Levant | Global Research - 0 views

  • Israel is set to become a major exporter of gas and some oil, if all goes to plan. The giant Leviathan natural gas field, in the eastern Mediterranean, discovered in December 2010, is widely described as “off the coast of Israel.”
  • Coupled with Tamar field, in the same location, discovered in 2009, the prospects are for an energy bonanza for Israel, for Houston, Texas based Noble Energy and partners Delek Drilling, Avner Oil Exploration and Ratio Oil Exploration.
  • However, even these estimates may prove modest. In their: “Assessment of Undiscovered Oil and Gas Resources of the Levant Basin Province, Eastern Mediterranean”, the US Department of the Interior’s US Geological Survey, wrote in 2010: “We estimated a mean of 1.7 billion barrels of recoverable oil and a mean of 122 trillion cubic feet of recoverable gas in this province using a geology based assessment methodology.”
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  • Whilst Israel claims them as her very own treasure trove, only a fraction of the sea’s wealth lies in Israel’s bailiwick as maps (iv, v, see below) clearly show. Much is still unexplored, but currently Palestine’s Gaza and the West Bank between them show the greatest discoveries, with anything found in Lebanon and Syria’s territorial waters sure to involve claims from both countries.
  • In a pre-emptive move, on Christmas Day, Syria announced a deal with Russia to explore 2,190 kilometres (850 Sq. miles) for oil and gas off its Mediterranean coast, to be: “… financed by Russia, and should oil and gas be discovered in commercial quantities, Moscow will recover the exploration costs.” Syrian Oil Minister, Ali Abbas said during the signing ceremony that the contract covers “25 years, over several phases.”
  • The agreement is reported to have resulted from “months of long negotiations” between the two countries. Russia, as one of the Syrian government’s main backers, looks set to also become a major player in the Levant Basin’s energy wealth. (vi) Lebanon disputes Israel’s map of the Israeli-Lebanese maritime border, filing their own map and claims with the UN in 2010. Israel claims Lebanon is in the process of granting oil and gas exploration licenses in what Israel claims as its “exclusive economic zone.” That the US in the guise of Vice President Joe Biden, as honest broker, acting peace negotiator in the maritime border dispute would be laughable, were it not potential for Israel to attack their neighbour again. In a visit to Israel in March 2010, Biden announced: “There is absolutely no space between the United States and Israel when it comes to Israel’s security- none at all”, also announcing on arrival in Israel:”It’s good to be home.” Given US decades of  “peace brokering” between Israel and Palestine, this is already a road of pitfalls, one sidedness and duplicity, well traveled. There is trouble ahead.
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    More evidence that oil and gas natural resources play a role in Mideast politics and wars. And Joe Biden's "It's good to be home" remark on arrival in Israel adds further evidence that the U.S. is not an honest negotiator/mediator when it comes to Israel/Palestine and the Syrian peace process. It's actually pretty outrageous that a U.S. Vice  President would stoop so low as to call Israel his "home." It's indicative of divided loyalty at best.
Paul Merrell

Petrodollar Alert: Putin Prepares To Announce "Holy Grail" Gas Deal With China | Zero H... - 0 views

  • While Europe is furiously scrambling to find alternative sources of energy should Gazprom pull the plug on natgas exports to Germany and Europe (the imminent surge in Ukraine gas prices by 40% is probably the best indication of what the outcome would be), Russia is preparing the announcement of the "Holy Grail" energy deal with none other than China, a move which would send geopolitical shockwaves around the world and bind the two nations in a commodity-backed axis. One which, as some especially on these pages, have suggested would lay the groundwork for a new joint, commodity-backed reserve currency that bypasses the dollar, something which Russia implied moments ago when its finance minister Siluanov said that Russia may refrain from foreign borrowing this year. Translated: bypass western purchases of Russian debt, funded by Chinese purchases of US Treasurys, and go straight to the source. Here is what will likely happen next, as explained by Reuters:
  • Igor Sechin gathered media in Tokyo the next day to warn Western governments that more sanctions over Moscow's seizure of the Black Sea peninsula from Ukraine would be counter-productive.   The underlying message from the head of Russia's biggest oil company, Rosneft, was clear: If Europe and the United States isolate Russia, Moscow will look East for new business, energy deals, military contracts and political alliances.    The Holy Grail for Moscow is a natural gas supply deal with China that is apparently now close after years of negotiations. If it can be signed when Putin visits China in May, he will be able to hold it up to show that global power has shifted eastwards and he does not need the West. More details on the revelation of said "Holy Grail": State-owned Russian gas firm Gazprom hopes to pump 38 billion cubic meters (bcm) of natural gas per year to China from 2018 via the first pipeline between the world's largest producer of conventional gas to the largest consumer.   "May is in our plans," a Gazprom spokesman said, when asked about the timing of an agreement. A company source said: "It would be logical to expect the deal during Putin's visit to China."
  • Summarizing what should be and is painfully obvious to all, but apparently to the White House, which keeps prodding at Russia, is the following: "The worse Russia's relations are with the West, the closer Russia will want to be to China. If China supports you, no one can say you're isolated," said Vasily Kashin, a China expert at the Analysis of Strategies and Technologies (CAST) think thank. Bingo. And now add bilateral trade denominated in either Rubles or Renminbi (or gold), add Iran, Iraq, India, and soon the Saudis (China's largest foreign source of crude, whose crown prince also happened to meet president Xi Jinping last week to expand trade further) and wave goodbye to the petrodollar.
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    The follies of an empire in decline that still imagines itself the master of the planet. 
Paul Merrell

Europe faces 'shooting conflict' if Russia enters east Ukraine, says Hague | World news... - 0 views

  • Europe would face the "great danger of a real shooting conflict" if Russian forces moved beyond Crimea to enter the main part of eastern Ukraine, William Hague has said as he accused Vladimir Putin of a major miscalculation.As the foreign secretary warned of another "frozen conflict" in Europe, the energy secretary, Ed Davey, said gas prices could increase if the Ukraine crisis escalated into a military conflict.But the foreign secretary, who said Putin had implemented carefully prepared plans to assume control of Crimea, acknowledged none of the options on the table – diplomatic pressure and economic sanctions – would be able to remove Russian forces from the Black Sea peninsula.
  • The warning from Hague came shortly after Davey told Britain's energy companies not to seek to make profits from the Ukraine crisis, though he acknowledged gas prices would increase if the crisis escalated.
  • Hague said he believed Putin would eventually be seen to have made a "big miscalculation" as the EU pivots away from Russia, particularly in the energy sphere. But he admitted that none of the proposed EU measures against Russia, to be introduced on a graduated basis if Moscow refuses to change tack, would remove Russian forces from Crimea.The foreign secretary said: "None of these things force a Russian withdrawal from Crimea. That is well understood. But they will raise the cost to Russia over time."But the foreign secretary, who rejected next Sunday's planned referendum in Crimea, said there was no "tacit acceptance" of the Russian occupation of Crimea. Some of the sanctions identified in the first phase of the EU's action will be triggered if Moscow refuses to discuss the long-term future of Crimea with Ukraine.
Paul Merrell

Exposed: Google's "Smart Home" Surveillance Plans, or, How To Not Be Colonized | TBYP - 0 views

  • Two weeks ago, the New York Times’ truth-humor strip on “The Home of the Future” came on the heels of Google’s purchase of ‘smart thermostat’ manufacturer Nest for $3.2 Billion.  With power utility commissions such as California already stating their intention to “expand third-party access” to in-home data, the perfect storm is brewing for Google’s mission of making you their product – even in your own home. For context, this is the same Google whose executive chairman, Eric Schmidt, told MSNBC: “If you have something that you don’t want anyone to know, maybe you shouldn’t be doing it in the first place.”
  • So where does a ‘smart thermostat’ fit in the current corporatist drive for total in-home surveillance? For the last couple of years, utilities around the globe have all been touting their new metering systems with buzzwords such as ‘smart’, ‘advanced’, ‘upgraded’, or ‘modernized’.  All rhetoric aside, these devices are intended to integrate with all appliances in your home to form an inescapable wireless data-mining dragnet, dubbed as the “home area network”, with your HVAC and likely other in-home systems overseen by spy-giant Google, if they get their way. As we’ve seen, even former CIA director David Patraeus was publicly frothing over having the ability to spy through ‘smart’ appliances, intended to wirelessly report back to the meter continuously, while receiving energy-use dictates from the meter. According to a US Congressional Research Report:
  • “With smart meters, police will have access to data that might be used to track residents’ daily lives and routines while in their homes, including their eating, sleeping, and showering habits, what appliances they use and when, and whether they prefer the television to the treadmill, among a host of other details.” Smart grid planners and working groups have even laid these aims out in their internal roadmaps, citing goals such as “new tools for mining data and intel” and “data mining and analytics to become core competency” (see slide 17).
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  • So what can be done to protect rights?  While people cannot vote to prevent corporations from making products such as data-mining thermostats appliances, they do have a voice as utilities try their best to deploy the home-colonizing meters.  Public resistance to ‘smart’ meter deployments has predictably been considerable, as people are learning about not only surveillance capabilities, but also skyrocketing electricity costs, time-of-use billing, risk of fires, home hackability, electrical quality degradation and functional impairments from pulsed microwave radiation — amazingly, all being linked to the new utility metering system.
  • Despite pilot programs indicating no energy savings and mounting opposition now from several hundred activist groups, federal governments such as the US are continuing with their push to incentivize utilities to push forward ‘smart’ grid deployment. Apparently, having a piece of the $11 Billion taxpayer-funded ‘smart’ grid pie, pushed through by the Obama Administration immediately following the 2008 election, is sufficient motivation for utility executives to steamroll forward despite the growing resistance. As an example, PECO, a major utility in Pennsylvania, is slated to receive $200 Million in stimulus funding if they can deploy 600,000 ‘smart’ meters by April 2014. Significantly, anyone can choose to protect their in-home rights by saying no to the deployment of a ‘smart’ meter on their home.  There are no legal requirements in any country or region for an energy customer to accept a ‘smart’ meter.
  • However, utilities are using tactics of intimidation, propaganda, and tacit acceptance – which means that unless you said a clear “no”, they assume a “yes.” In some cases even with a homeowner’s refusal, utilities are forcibly deploying anyway, apparently assuming the liability for doing so, risking litigation. So Google has played their hand with the $3.2 Billion purchase of Nest, desiring to capture the worldwide ‘smart’ home data-mining market, and praying to the all-spying-eye that people will stay tethered to their ‘smart’ wireless toys as their rights roll swiftly towards a cliff.  But will awareness eventually reach a game-changing crescendo?  It seems as though the potential exists. If we want to experience a future other than being ruled by technocrats, now is the time to speak up – even if facing the situation isn’t convenient.  People simply need to know the facts. As stated by former Apple executive Jeffrey Armstrong in our film Take Back Your Power, the question of whether homes will remain free of invasive ‘smart’ metering and appliance technology is “a test case for a technological democracy, if I have ever seen one.” 
Paul Merrell

Gazprom to Lose $3 Billion if EU Sells Gas Back to Ukraine | News | The Moscow Times - 0 views

  • Gazprom would lose nearly $3 billion in 2016 if the EU accepts a Ukrainian proposal to begin large-scale reverse gas flows through Slovakia to Ukraine, a UralSib report said Thursday. In late April, Ukraine and Slovakia signed a reverse flow agreement that would make use of an old, unused pipeline to begin exporting 2 billion cubic meters, or bcm, to Kiev in October. Exports to Ukraine along this pipeline would rise to 8 bcm by early 2015. According to a Kommersant report, Ukrainian energy officials recently forwarded a plan before the EU Commission that would allow Ukraine to increase reverse flows via Slovakia to 30 bcm. Uralsib estimates that Gazprom's 2016 EBITDA — or earnings before interest, taxes, depreciation and amortization — would fall by $3 billion, or 6 percent, in 2016 if Ukraine and the EU agreed to the tactic. Gazprom would end up selling higher volumes of gas to the EU, where prices range from $360 to $380 per thousand cubic meters and gas is subject to a 30 percent export duty, rather than Ukraine's price of $385, where there is no export duty and transportation costs are lower. Ukraine would be able to take advantage of low EU gas demand during the summer to fill its 30 bcm underground storage facilities, thereby replacing the 28 bcm it imports from Gazprom each year, the report found.
  • EU Energy Commission GЯnther Oettinger has said that such a large-scale reversal would be in direct violation of an agreement between Slovakia's Eustream and Gazprom Export. Ukraine, however, insists that the reverse flow is ensured by the EU's Third Energy Package — which, among other things, stipulates equal access to pipelines for gas suppliers. On Tuesday, Gazprom finalized a deal to build the Austrian branch of the massive South Stream gas pipeline, which, if completed, will allow Russian gas deliveries to Europe to bypass Ukraine altogether.
  •  
    Left unsaid in this Moscow TImes article: if the E.U. did as requested by the Ukraine coup government, Russia has the ability to cut off its gas supply to the E.U., which accounts for some 30% of the E.U. gas supply. With the business community in the E.U.already upset with sanctions on Russia that are cutting into exports from the E.U. to Russia, I'll be surprised if this proposal has wings, unless the U.S. pushes it.  
Paul Merrell

US 'Acting against Gazprom Moves in Greece' - Novinite.com - Sofia News Agency - 0 views

  • The US is seeking to block a proposal Gazprom made in Athens on a Greek leg of the so-called "Turkish Stream" pipeline, the Greek Foreign Minister has said.In an interview with the Associated Press Greece's top diplomat Nikos Kotzias quoted US Secretary of State  John Kerry as saying Washington would send its top energy envoy Amos Hochstein to Athens to make a "counter-offer", according to Sputnik International and the Athens News Agency.Kotzias is currently on a five-day US visit whose schedule coincides with Tuesday's talks between Greek PM Alexis Tsipras and the Russian energy giant's CEO Alexey Miller. Miller also met with Greek Energy Minister Panagiotis Lafazanis, telling him "47 billion cubic meters of gas will be transited through Greece".The Greek leg is planned as an extension to the "Turkish Stream" gas pipeline which was announced as an alternative to the abandoned South Stream project in December of last year. The idea is now to link Turkish Stream, which will start from Russia, go across the Black Sea and reach the Turkey-Greece border, with the EU pipeline network, a move for which the EU is not beginning preparation despite assurances from Moscow that gas transit via Ukraine will be halted once that Turkish Stream is ready in end-2010s.
Paul Merrell

Obama Visits Jamaica, Urges Caribbean Nations to Break from PetroCaribe | venezuelanaly... - 0 views

  • US President Barack Obama arrived today in Jamaica as part of an ongoing effort to persuade the island and its neighbors to reduce dependency on Venezuela’s bilateral PetroCaribe program.As the first active US president to visit Jamaica in 33 years, the primary goal of Mr. Obama’s trip will be to develop, in coordination with the World Bank, an investment plan in the Caribbean’s energy sector. Vice-president Joe Biden has alleged that PetroCaribe, founded by Hugo Chavez in 2005, is being used as a “tool of coercion” against the region by the South American nation. For almost a decade, Venezuela has shipped fuel to 18 nations in the Caribbean and Central America with favorable terms for payment, such as low-interest loans, while investing in community projects including hospitals, schools, highways, and homeless shelters.
  • Last week, the Bolivarian government, through the Petrocaribe initiative, donated US$16 million to help the government of St. Kitts and Nevis provide for former sugar industry workers.In January, Biden gathered Caribbean heads of state in Washington as part of his Caribbean Energy Security Initiative, which he claims is seeking clean energy solutions for small island governments. However, the focus of the event was less about environmentalism and more about breaking away from Venezuelan trade.“Whether it’s the Ukraine or the Caribbean, no country should be able to use natural resources as a tool of coercion against any other country,” he told the leaders in attendance.Last month, US Secretary of State John Kerry warned of “strategic damage” on Venezuela’s part which could cause “a serious humanitarian crisis in our region.”
  • According to a Miami Herald report published on March 26th, Venezuela has halved subsidized shipments of crude oil to Cuba and other PetroCaribe member nations from 400,000 barrels per day in 2012, to 200,000 barrels per day.The article, which claimed to cite a Barclay’s Bank report, has since been refuted by the Venezuelan government. Venezuelan Foreign Affairs Minister Delcy Rodriguez insisted last week that the information was “not true,” and was being published in a concerted effort to discredit PetroCaribe.
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  • Maintaining that the organization remains “pretty strong” despite sliding oil prices and a contracting economy, Rodriguez said a “war” is being waged against the socialist program, because it “brings solutions to poor people.”
  •  
    It seems the banksters are truly upset with Venezuela's leaders for failure to be in hock to the IMF and for spreading their natural resoices and wealth amongst the poor. 
Gary Edwards

Critical Indicator Signals America's Economic Fortunes May be Changing - 0 views

  •  
    Excellent charts for gold, currency, oil, energy and stock markets worldwide.
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