Thursday, April 3, 2014 The 4th Media News
Putin Flushes the US Dollar: Russia’s Gold Ruble Payments System Delinked from Dollar?
A New Financial System independent from Wall Street and City of London begins to take shape concretely in Russia?
Russia “forced” by the sanctions to create a currency system which is independent from the US dollar.
Russia announces that it will sell (and buy) products and commodities – including oil – in rubles rather than in dollars. The move is towards the development of bilateral.
Putin has been preparing this move — the creation of a payment system in rubles completely independent and protected from the Dollar and the “killer speculations” (e.g. short-selling) of the big Western financial institutions — for a long time.
After sanctioning several Russian banks to punish Russia for Crimea, the Washington politicians were told by the financial power-to-be to step back because obviously, the Wall Street vampires understand that putting Russian banks outside the reach of their blood sucking teeth is never a good idea.
For Wall Street and the city’s financial services, countries like Russia should always have an open financial door through which their real economy can be periodically looted.
So Washington announced that it was a mistake to enforce sanctions on all Russian banks; only one, the Rossiya bank shall be hit by sanctions, just for propaganda reasons and to make an example out of it.
It is what Putin needed. Since at least 2007, he was trying to launch an independent Ruble System, a financial system that would be based on Russia’s real economy and resources and guaranteed by its gold reserves.
No tolerance for looting and financial speculation: A peaceful move, but at the same time a declaration of independence that Wall Street will consider as a “declaration of war”.
According to the Judo strategy, the sanction attack created the ideal situation for a “defensive” move that would redirect the brute force of the adversary against him.
And now it’s happening. Bank Rossiya will be the first Russian bank to use exclusively the Russian ruble.
The move has not been done in secret. On the contrary. A huge golden ruble symbol will be set up in front of bank Rossiya headquarters in Perevedensky Pereulok in Moscow “to symbolize the ruble’s stability and its backing by the country’s gold reserves,” the official agency Itar-Tass explains quoting the bank officials.
In fact, the officials are very clear on their intention to punish the western speculators that have been looting their country for a long time:
“Russia, at its present stage of development, should not be dependent on foreign currencies; its internal resources will make its own economy invulnerable to political wheeler dealers.”
This is only the first step, declared Andrei Kostin, the president of VTB, another bank previously sanctioned:
“We have been moving towards wider use of the Russian rouble as the currency of settlement for a long time. The ruble became fully convertible quite a long time ago.
Unfortunately, we have seen predominantly negative consequences of this step so far revealed in the outflow of capital from this country. The influx of foreign investments into Russia has been speculative and considerably destabilizing to our stock markets.”
According to Itar-Tass, Kostin was very precise and concrete:
“Russia should sell domestic products – from weapons to gas and oil – abroad for roubles and buy foreign goods also for rubles….Only then are we going to use the advantages of the rouble being a foreign currency in full measure.”
Putin himself lobbied for the new siystem in meetings with members of the Upper House of the Duma, the parliament, on March 28, overcoming the last doubts and indecisions:“
“Why do we not do this? This definitely should be done, we need to protect our interests, and we will do it. These systems work, and work very successfully in such countries as Japan and China. They originally started as exclusively national [systems] confined to their own market and territory and their own population, but have gradually become more and more popular…”
Alea Iacta Est!
By Umberto Pascali, Information Clearing House
A message from Executive Director Lori LeBlanc
The oil and gas industry demonstrated its confidence in the power of American energy during the federal government’s Central Gulf of Mexico lease sale held March 19 in New Orleans. In fact, a total of 50 companies submitted 380 bids, and the Department of Interior garnered $850 million in high bids for about 1.7 million acres off the coast of Louisiana, Mississippi and Alabama. This signals a continued strong business interest in offshore energy production.
It’s this confidence in the valuable resources of America’s Gulf that continues to drive our national and state economy, fund the U.S. government, employ hundreds of thousands of men and women across our country, and keep the lights on from Portland, Oregon, to Portland, Maine. Here in Louisiana, we proudly serve as the gateway to the Gulf, the front door to the boundless energy potential miles off of our coast and thousands of feet under the water’s surface. We proudly do a job that other states refuse to do; a job that literally fuels America.
GEST is pleased to help promote this rebirth of the Gulf as America’s energy workhorse, as well as the thousands of men and women who go to work each day to provide power to our people.
Hats off to all of you!
Read More: Here
Williams Partners L.P. reported key construction milestones and progress on a tieback expansion as its proprietary Gulfstar FPS™ (Floating Production System) nears completion in the eastern deepwater Gulf of Mexico. The Gulfstar One project is the first spar-based floating production system with major components built entirely in the United States.
“Williams Partners’ made-in-America Gulfstar One is 21,500 tons of proof that American engineering and construction are alive and well. The hull of the floating production system was towed out and positioned in the deepwater Gulf of Mexico before the topside platform was installed in March 2014.” the company said in a press release.
After mooring the floating spar to the ocean floor in February, crews in March lifted and installed Gulfstar’s three-level topside structure. The floating production system is moored 135 miles southeast of New Orleans in about 4,000 feet of water. It will serve as a hub that aggregates production and then combines production handling services with oil and gas export pipeline services, which feed Williams’ downstream oil and gas gathering and processing services.
Once operational, the Gulfstar’s base design will produce up to 60,000 barrels of oil per day and 135 million standard cubic feet of gas per day with additional tieback capacity. With hook-up and commissioning activities currently underway, Gulfstar is on schedule to start serving anchor customers in the third quarter of 2014 and Gunflint in 2016.
In addition to previously announced anchor commitments, Gulfstar in January executed agreements with Gunflint field owners Noble Energy, Inc., Ecopetrol America Inc., Marathon Oil Company and Samson Offshore, LLC. The Gunflint tieback is designed and engineered with modifications expected to be completed after the base Gulfstar project is completed.
“Landing this Gunflint tieback before first oil is received from the anchor tenants demonstrates the promise of the Gulfstar model for producers, both economically and technically,” said Rory Miller, senior vice president of Williams’ Atlantic-Gulf operating area. “As a midstream company, Williams is focused on infrastructure solutions of this nature that connect the best supplies with highest-value markets. Gulfstar is one of approximately $4.5 billion in large-scale projects we expect to bring into service in 2014 and 2015.”
Major components of the Gulfstar were built entirely in the United States, creating approximately 1,000 domestic jobs and allowing quick parts replacement and reduced platform downtime. Gulf Marine Fabricators built the hull in Aransas Pass, Texas and Gulf Island Fabrication, Inc. constructed the topsides in Houma, La.
“Gulfstar provides a complete ‘floating production system to market clearing point’ solution for producers in the Gulf for their oil, gas and liquids production, designed specifically to maximize their net present value and minimize risk,” said Mark Cizek, Gulfstar Project Director. “The ‘design one, build many’ construction concept allows for standardized design options and enhanced safety and reliability of each unit. The repeatable concept also increases speed to market.”
Williams Partners developed the Gulfstar One project and it has a 51 percent ownership interest. Marubeni Corporation has a 49 percent interest in the Gulfstar One project.
|This week the SubseaIQ team added 5 new projects and updated 15 projects. You can see all the updates made over any time period via the Project Update History search. The latest offshore field development news and activities are listed below for your convenience.|
March 13, 2014 By Sara Noble
China is warning the West to not impose sanctions on Russia because “sanctions could lead to retaliatory action, and that would trigger a spiral with unforeseeable consequences.”
Jedidiah Noble, who is not a geo-political strategist – he’s actually an engineer – predicted exactly this. If Jedidiah can make these predictions, why is it Mr. Obama can’t?
Mr. Obama has done little to stop Putin from rebuilding the Soviet Union. Putin remains in Georgia and has overtaken Crimea with barely-disguised Russian troops slipping in and out of the iron curtain they have erected between Ukraine and Crimea.
Yesterday, in a press conference with Ukraine’s PM, Mr. Obama gave Crimea away without even a whimper.
Mr. Obama gave away the missile defense shield and got nothing in return. He has drawn red lines and drawn lines without calling them red lines, but has done nothing retaliatory except move the line back.
China has been a menace to Japan and is threatening to take over sixteen islands in the East China Sea. The islands have value for their fisheries but mostly it’s a power grab by China and it will give China a strategic advantage in any military conflict. Mr. Obama has done little to nothing to support Japan.
When Russia moved into Crimea, Mr. Putin spoke with China’s leaders. He allegedly worked out some sort of deal. One can be sure that China’s imperialistic vision is part of the deal.
Russia used the imaginary threat to Russian populations living in Crimea as an excuse to go into Crimea once freedom fighters overturned the government in Ukraine. Now one can expect China to use an imaginary allegiance to Russia as an excuse for taking further steps.
In addition to our facing land grabs, we are in trouble economically if Russia and China join forces. We are deeply in debt to both Russia and China to say nothing of the fact that our dollar is threatened as the world currency.
China responded to the West threatening Russia with sanctions in this way: ”We don’t see any point in sanctions,” said Shi Mingde, China’s Ambassdor to the EU. “Sanctions could lead to retaliatory action, and that would trigger a spiral with unforeseeable consequences. We don’t want this.”
The sanctions are only travel bans and asset freezes on people and companies accused by Brussels of violating the territorial integrity of Ukraine.
Russia’s Deputy Economy Minister Alexei Likhachev responded by promising “symmetrical” sanctions by Moscow.
Mr. Obama is allegedly speaking with Beijing and working on a deal but there is no sign there will be a result favorable to the U.S. Mr. Mingh’s statement is a warning, but then again who could see that coming.
Can we even survive two more years of Mr. Obama?
Remember to vote in November!