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Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea.
Any such move would be a dramatic escalation of the Georgia crisis and play havoc with the oil markets.
Reports have begun to circulate in Moscow that Russian oil companies are under orders from the Kremlin to prepare for a supply cut to Germany and Poland through the Druzhba (Friendship) pipeline. It is believed that executives from lead-producer LUKoil have been put on weekend alert.
“They have been told to be ready to cut off supplies as soon as Monday,” claimed a high-level business source, speaking to The Daily Telegraph. Any move would be timed to coincide with an emergency EU summit in Brussels, where possible sanctions against Russia are on the agenda.
Originally posted by cosmicpixie
Found this today by chance
www.infowars.com
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Originally posted by Supe04we already pay $1.50 a ltr in aus, while the yanks pay $3 per gallon. we are the ones copping the raw end for there bully tactics.
One of the most geostrategically critical areas on the Eurasian landmass is the Caspian Sea region, consisting of the sea itself and parts of several countries that make up its shores: Kazakhstan, Russia, Azerbaijan, Iran and Turkmenistan.
The region is home to some of the largest, untapped hydrocarbon reserves in the world. The US Department of Energy estimates that the region has between 17 billion and 33 billion barrels of proven oil reserves and 232 trillion cubic feet (tcf)of natural gas; potential reserves are estimated near 200 billion barrels for oil and almost 350 tcf for natural gas.
Many Western companies are also involved in investment in Kazakhstan, including ChevronTexaco Corp, Royal Dutch/Shell Group and Total (formally TotalFinaElf).
Dick Cheney will visit Azerbaijan, Georgia, Ukraine and Italy, and discuss issues of mutual interest US Vice-President Dick Cheney will start visit to several foreign countries on September 2.
Originally posted by dAlen
Originally posted by Supe04we already pay $1.50 a ltr in aus, while the yanks pay $3 per gallon. we are the ones copping the raw end for there bully tactics.
Maybe its time for Australians to become independent and find their own energy source -
Its not out of the question you know.
After all why depend on other nations for your needs.
You are owned by those you depend on... think about it.
Peace
dAlen