A friend sent this to me over the weekend, I thought you might find the premise interesting.
The Ukraine buys almost all its energy (natural gas) from Russia. Revenues from natural gas sales are a primary source of income for Russia.
Because of the recent disagreement between the Ukraine and Russia, Russia is raising the price of the natural gas it sells to the Ukraine.
The Ukraine is almost broke and can't afford the increase in the natural gas price because it would be forced into bankruptcy.
Obama just announced the United States is giving the Ukraine $1 billion to assist in paying for the higher priced natural gas it buys from Russia. Continue reading "Obama Gives Putin A Billion Dollars!" →
With so many comments and votes on our Is Putin now dictating American diplomacy in the Middle East? poll - I thought that this newspaper clipping might help clear things up. It reminds me of the famous Abbott and Costello routine "Who's on first?"
Feel free to leave a comment and your viewpoint. Sometimes you just have to laugh at what is going on in the world. It really does help relieve the stress.
Today we observe the 12th anniversary of 9/11, it is a somber day of reflection, as 12 years ago today America was attacked and the twin towers in New York were no more. Now 12 years later we think to ourselves, "Have things gotten any better in the Middle East?" The sad answer in this observer's mind is no.
Last evening, President Obama addressed the nation on most of the major news channels about Syria. I even received an email this morning from the White House explaining the situation in Syria.
Today's poll question is this: Is Putin now dictating American diplomacy in the Middle East?
Please feel free to add your comments and thoughts below. We will do our best to address each and every one of them.
By Marin Katusa, Casey Research
Exxon Mobil is no longer the world's number-one oil producer. As of yesterday, that title belongs to Putin Oil Corp – oh, whoops. I mean the title belongs to Rosneft, Russia's state-controlled oil company.
Rosneft is buying TNK-BP, which is a vertically integrated oil company co-owned by British oil firm BP and a group of Russian billionaires known as AAR. One of the top-ten privately owned oil producers in the world, in 2010 TNK-BP churned out 1.74 million barrels of oil equivalent per day from its assets in Russia and Ukraine and processed almost half that amount through its refineries.
With TNK-BP in its hands, Rosneft will be in charge of more than 4 million barrels of oil production a day. And who is in charge of Rosneft? None other than Vladimir Putin, Russia's resource-full president. Continue reading "Putin Is the New Global Shah of Oil" →