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  1. #5726
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    Quote Originally Posted by harrybarracuda View Post
    I reckon half of hoohoo's day is spent wanking over RT and the rest copying and pasting it.
    He certainly spends a lot of time with his cnp's . . . sabang is quite agrarian compared

  2. #5727
    Thailand Expat OhOh's Avatar
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    May 29, 2022 by M. K. BHADRAKUMAR

    Ukraine is a millstone around Europe’s neck


    "The fallout of the war in Ukraine over Europe is largely seen in terms of the uncertainties over the continent’s heavy dependence on Russian energy and the impact of it on the economies of the 27 EU member countries. Imposing restrictions on Russian oil has proven a much more complicated task than imagined previously.

    Countries that are highly dependent on Russian fossil fuels are concerned about the implications of such measures for their own economies. Hungary, for example, is apparently asking for financial support of between $16 billion and $19 billion to move away from Russian energy. It also refuses to discuss the matter at the upcoming Extraordinary European summit on Monday/Tuesday in Brussels. Prime Minister Viktor Orban asked in a letter to the President of the European Council, Charles Michel, that the oil embargo be removed from the topics of discussion at the summit.

    Equally, there is much of debris falling on Europe on other fronts. The UN says that as of May 24, 6.6 million refugees have left Ukraine for neighbouring countries. They are entitled to social welfare payments and access to housing, medical treatment and schools. But this coincides with a cost of living crisis in Europe. A confluence of economic shocks continues to threaten the outlook for the EU bloc. The CEOs of several European blue chip companies told CNBC recently that they see a significant recession coming down the pike in Europe.

    But what is by far most crucial for Europe is the endgame in Ukraine, which Russia cannot afford to lose. Such wars usually end with a dirty diplomatic settlement. Clearly, the initial blue-and-yellow flag-waving phase of the war is steadily giving way to a sombre mood as the slow, grinding phase of the Russian advance in the Donbass and the stunning success in Mariupol bring in grim realities.

    Henry Kissinger has come out in the open at the World Economic Forum at Davos to argue that Europe needs to have its own independent, and clear-headed definition of its strategic goals. In a conversation with WEF founder Klaus Schwab on Monday, Kissinger made three important points. He said, “Parties should be brought to peace talks within the next two months. Ukraine should’ve been a bridge between Europe and Russia, but now, as the relationships are reshaped, we may enter a space where the dividing line is redrawn and Russia is entirely isolated.”

    Kissinger estimated that European interests would be best served by a normalisation of relations and increased cooperation right across the European continent, including Russia and Ukraine. This is the first point. Second, Kissinger’s prognosis is that the conflict in Ukraine can permanently restructure the global order. In his words,

    “We are facing a situation now where Russia could alienate itself completely from Europe and seek a permanent alliance elsewhere. This may lead to Cold War-like diplomatic distances, which will set us back decades. We should strive for long-term peace.”
    A highly nuanced hint here is that both Europe and Russia’s interests vis-a-vis China’s rise are congruent and if the Atlanticist politicians in Brussels and their assorted Russophobic allies in Eastern Europe and their mentors in Washington, DC keep pushing the dated Cold War ideology over the long-term political and economic interests of European citizens, the most likely scenario will be even greater Russian rapprochement with China.

    To quote Kissinger, “Looked at from a long-term point of view, Russia has been, for 400 years, an essential part of Europe, and European policy over that period of time has been affected, fundamentally, by its European assessment of the role of Russia. Sometimes in an observing way, but on a number of occasions as the guarantor, or the instrument, by which the European balance could be re-established. Current policy should keep in mind the restoration of this role is important to develop, so that Russia is not driven into a permanent alliance with China. But European relations with it are not the only key element of this…”

    What Kissinger didn’t say explicitly is that in such a scenario, the EU is destined to suffer a loss of clout and a subaltern role to Washington’s, with less strategic autonomy than it would and could have enjoyed, had it not subordinated all of its interests to Washington and had instead maintained a more independent and balanced position.

    Third, Kissinger argues that realpolitik dictates that the European efforts should concentrate on the resolution of the territorial disputes between Russia and Ukraine: “Ideally, the dividing line should be a return to the status quo ante. Pursuing the war beyond that point will not be about the freedom of Ukraine, but a new war against Russia itself.” By status quo ante, he was of course referring to Kiev’s acceptance of Crimea, Lugansk, and Donetsk remaining under Russia’s control.

    In a very refreshing perspective, Kissinger all but hinted that an EU-Ukraine-Russia axis would be competitive with Beijing and Washington on the global playing field. He visualised that China and United States “in the next years have to come to some definition of how to conduct the long-term relationship of countries, it depends on their strategic capacities, but also on their interpretation of these capacities… The challenge is whether this adversarial aspect can be mitigated and progressively eased by the diplomacy that both sides conduct and it cannot be done unilaterally by one side. So, both sides have to come to the conviction that some easing of the political relationship is essential…”

    Given Kissinger’s formidable foreign-policy legacy as a diplomatist and statesman, his remarks are bound to influence the European statesmen about the endgame in Ukraine. The telephone conversation between Russian President Vladimir Putin, French President Emmanuel Macron and German Chancellor Olaf Scholz on Saturday can be seen against the above backdrop.
    The conversation took place on the eve of the European summit in Brussels. But Washington has let it be known on Saturday already through a media leak that the Biden Administration is considering the transfer of long-range rocket systems to Ukraine as soon as the coming week. Now, that would be seen as provocation by Russia. All indications are that the Biden administration will not mind a prolonged war in Ukraine and may see advantages in it.

    The former Ukrainian President Viktor Yanukovich has warned that Ukraine risks not only losing vast territories in its south and east but also a “complete destruction” of its sovereignty. He said the US never really saw Ukraine as an independent country but as a mere “territory from which a total weakening of Russia should begin.” Indeed, Zelensky himself reminds us increasingly of the Christian legend of the Wandering Jew who, as a consequence of rejecting Jesus, is condemned never to die, but to wander homeless through the world.

    About a month ago, in a rare statement, Russia’s Foreign Intelligence Service (SVR) accused Washington and Warsaw of plotting to restore Polish control over part of western Ukraine, which Poland had ruled at different times in the past, most recently between the two world wars. The territories include the city of Lviv, which were absorbed into the Soviet Union at the end of World War II.

    The SVR said the US was discussing with Poland a plan under which Polish “peacekeeping” forces without a NATO mandate would enter parts of western Ukraine where the chance of a confrontation with Russian forces was low. The SVR’s intelligence scoop presumably triggered an expulsion of 45 Russian diplomats in Poland and a physical attack on the Russian Ambassador at a public function at Warsaw.

    Curiously, soon afterward, on May 24, Ukrainian President Volodymyr Zelensky announced “joint customs control” on Ukraine’s border with Poland, which he described as “also the beginning of our integration into the common customs space of the European Union… (and) a truly historic process.” Zelensky said Ukraine-Poland relations are “finally completely free of quarrels and the legacy of old conflicts. I would like the brotherhood between Ukrainians and Poles to last forever… our unity of Ukrainians and Poles is a constant that no one will break.” Two days before that, Polish President Andrzej Duda had visited Kiev.

    To be sure, Zelensky and Duda acted with US approval. In effect, Ukraine’s sovereignty over its western regions bordering Poland is eroded. Kiev has also announced plans to grant special legal status to Polish citizens. Plainly put, a de facto “merger” is under way.

    A reclamation of lost territories in western Ukraine (estimated to be 178000 sq. kms) would make Poland much larger than Germany — exceeding 500,000 sq. kms as against Germany’s 357, 588 sq. kms. The geopolitical implications are far too profound to be overstated — to name a few, EU’s future, Germany’s rise, Europe’s autonomy, German-Russian relations, Russia’s security."

    https://www.indianpunchline.com/ukra...-europes-neck/
    A tray full of GOLD is not worth a moment in time.

  3. #5728
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    Quote Originally Posted by OhOh View Post
    Given Kissinger’s formidable foreign-policy legacy as a diplomatist and statesman


    Quote Originally Posted by OhOh View Post
    The former Ukrainian President Viktor Yanukovich has warned that Ukraine risks not only losing vast territories in its south and east but also a “complete destruction” of its sovereignty. He said the US never really saw Ukraine as an independent country but as a mere “territory from which a total weakening of Russia should begin.” Indeed, Zelensky himself reminds us increasingly of the Christian legend of the Wandering Jew who, as a consequence of rejecting Jesus, is condemned never to die, but to wander homeless through the world.


    Quote Originally Posted by OhOh View Post
    The SVR said the US was discussing with Poland a plan under which Polish “peacekeeping” forces without a NATO mandate would enter parts of western Ukraine where the chance of a confrontation with Russian forces was low. The SVR’s intelligence scoop presumably triggered an expulsion of 45 Russian diplomats in Poland and a physical attack on the Russian Ambassador at a public function at Warsaw.


    It is all total fiction, swallowed by lemmings.

  4. #5729
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    Ukraine is losing this war, and you have been wrong since the beginning. So who is the lemming?

  5. #5730
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    Quote Originally Posted by bsnub View Post
    It is all total fiction
    Thank for your reading the article and your opinion on its content.



    Quote Originally Posted by bsnub View Post
    a physical attack on the Russian Ambassador at a public function at Warsaw.
    Shooting blanks, or drunk again?

    A real event of another NaGastan fake video?



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    Last edited by OhOh; 30-05-2022 at 08:49 PM.

  6. #5731
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    Hoohoo doesn't believe anyone would dare to insult puffy by covering one of his ambassadors in fake blood.

    I guess it never made it to RT then.

  7. #5732
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    Quote Originally Posted by sabang View Post
    Ukraine is losing this war, and you have been wrong since the beginning. So who is the lemming?
    In the beginning there was the assurance that Russian wouldn't invade Ukraine. Who is the lemming and fuckwit? Oh dear, it was you.




    Quote Originally Posted by harrybarracuda View Post
    Hoohoo doesn't believe anyone would dare to insult puffy by covering one of his ambassadors in fake blood.
    How awful, the poor man . . . that's almost as bad as Ukrainians being murdered by the thousands at the hands of his country

  8. #5733
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    Quote Originally Posted by sabang View Post
    Ukraine is losing this war, and you have been wrong since the beginning.
    Good lord, it is the chief imbecile himself. I have been wrong from the start?



    Did you or did you not bleat on and on for months, literally screaming at the top of your lungs that this war would never happen?

    How soon the lemmings forget. You made an epic fool of yourself, and now you are trying to claim that I am wrong.

    Russia was already defeated twice. First in their supposed "lightning strike" on Kyiv and were forced to retreat. Secondly, they were defeated outside of Kharkiv and once again forced to retreat.

    Russia is taking massive rates of attrition and is being systematically ground up. But sure, the propaganda you read is telling you that Ukraine is loosing. It is going to require more than taking a few small towns in Donbass.

    You have no idea what you are talking about, as usual. You were the one that was in fact wrong from the start, not me.

    Quote Originally Posted by sabang View Post
    So who is the lemming?
    You are, and once again you prove it.

  9. #5734
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    ^^ You can thank the US State Dept and clown Zelensky regime for that. Now they pay the hard way, and lose more territory. Real Smart.

    ^ Ignored.

  10. #5735
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    Quote Originally Posted by sabang View Post
    Ignored.
    The truth hurts.



    Quote Originally Posted by panama hat View Post
    In the beginning there was the assurance that Russian wouldn't invade Ukraine. Who is the lemming and fuckwit? Oh dear, it was you.


    Quote Originally Posted by sabang View Post
    You can thank the US State Dept and clown Zelensky regime for that.
    You really are a clown. Putin is 100% to blame for this war fuckwit.

    Quote Originally Posted by sabang View Post
    Now they pay the hard way, and lose more territory.
    Russia is paying a far higher price, and the truth will be undeniable soon enough.

  11. #5736
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    Go explain to your Ukrainian 'friends'.

  12. #5737
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    Quote Originally Posted by panama hat View Post
    In the beginning there was the assurance that Russian wouldn't invade Ukraine. Who is the lemming and fuckwit? Oh dear, it was you.
    Quote Originally Posted by bsnub View Post
    Did you or did you not bleat on and on for months, literally screaming at the top of your lungs that this war would never happen?
    Quote Originally Posted by sabang View Post
    ^ Ignored.
    What an utter tool

  13. #5738
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    Quote Originally Posted by OhOh View Post
    Another award, keep them coming. Having said that, other than the 3/4 stooges, the competition is sadly lacking.

    Durian, the food of the winners
    Thanks to Putler idiotic war Durian fertilizer is more expensive. Hopefully some farmers will go bankrupt and give mother earth to recuperate.

  14. #5739
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    Moscow Calling.

    30 May, 16:45Gazprom resumes gas supplies to Turkey via Blue Stream after repairs

    Repair works on the gas pipeline were held on May 17-30

    https://tass.com/economy/1457761


    31 May, 00:52Gazprom Export to suspend gas supplies to Dutch Gasterra from May 31

    Gasterra said earlier it decided not to comply with Gazprom’s requirements to pay for supplied gas in Russian rubles



    https://tass.com/economy/1458093


    30 May, 15:41Gazprom supplies 44.6 mln cubic meters of gas for Europe through Ukraine via Sudzha

    According to the company's spokesman Sergey Kupriyanov, the request for the Sokhranovka gas pumping station has been rejected

    https://tass.com/economy/1457703


    World oil prices
    31 May, 00:20

    Brent oil prices above $117/bbl first time from March 25 — market data

    Brent futures continued their rally later on and surpassed $120 per barrel

    https://tass.com/economy/1458081


    30 May, 20:59Russia to further meet obligations in foreign trade despite sanctions, says minister

    These obligations refer both to energy supplies or other trade and economic relations

    https://tass.com/economy/1457929


    30 May, 20:58Russia preparing June payment offer to bypass Western infrastructure — Minister

    Moscow honors its commitments even subject to restrictions introduced by Western states, Russian Finance Minister Anton Siluanov pointed out

    https://tass.com/economy/1457923


    30 May, 18:21Dollar, euro accelerate decline, falling below 62 rubles and 63 rubles

    As of 13:46 Moscow time, the dollar fell by 5.1 rubles, the euro fell by 6.68 rubles

    https://tass.com/economy/1457825

    Poll reveals how many Russians approve of Moscow’s special military operation in Ukraine

    The majority of respondents believe that the goal is to protect Russia, disarm Ukraine and prevent NATO from setting up military bases on the latter's territory

    https://tass.com/society/1457797


    Power transfer in Afghanistan
    30 May, 18:45

    Taliban says no threat to world comes from Afghanistan after its rise to power

    Since the Taliban came to power, the region has been freed from any threat from Afghanistan, while the Afghan government for the past nine months has been systematically working to create an atmosphere of trust in relations with countries in the region and around the globe, the statement says

    https://tass.com/world/1457833





  15. #5740
    Thailand Expat harrybarracuda's Avatar
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    OK I got it wrong. Half the day wanking over RT, the other half over TASS.

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    Sabang got his ass handed to him, and he fucked off.



    Putin, his clown car driver.

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    I have better things to do in Pattaya than laugh at the TD bonehead brigade. Not much to see anyway- another day, more of 'once was' Ukraine lost. Should start listening to Kissinger folks.

  18. #5743
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    Quote Originally Posted by sabang View Post
    I have better things to do in Pattaya than laugh at the TD bonehead brigade. Not much to see anyway- another day, more of 'once was' Ukraine lost. Should start listening to Kissinger folks.

    Don't forget to add *sniff* before you storm off in a huff.

  19. #5744
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    Quote Originally Posted by harrybarracuda View Post
    Don't forget to add *sniff* before you storm off in a huff.

  20. #5745
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    Quote Originally Posted by bsnub View Post
    Sabang got his ass handed to him, and he fucked off.
    Quote Originally Posted by sabang View Post
    I have better things to do
    Says the guy with more posts than anyone else again



  21. #5746
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    The EU Needs More Than $1 Trillion For Plan To Ditch Russian Oil And Gas

    By Rystad Energy - May 25, 2022, 5:00 PM CDT

    • The EU’s ambitious plan to reduce its dependency on Russian fossil fuels is going to require at least €1 trillion in investment.
    • In order to achieve the goals they have set out, the EU will require wartime levels of investment, construction, and production.
    • The EU is already working to speed up the permitting process to ensure that new solar and wind projects can be brought online in time.


    "The European Union’s REPowerEU seeks to reduce the European Union’s dependency on Russian fossil fuels and accelerate the transition away from carbon-intensive energy sources. The European Commission’s cost estimate, however, may fall short as Rystad Energy analysis suggests the plan will require at least €1 trillion in investment to meet the core objective of increasing renewable generation from 40% to 45% of total energy supply by 2030.

    Additional investment will be required to meet targets, including grid and battery storage developments to ensure a stable supply of energy as the whole European power system will need to be restructured. While the plan defines different angles to tackle the current crisis, the most detailed section outlines the roadmap for solar PV. The strategy aims to bring 320 gigawatts (GW) of solar PV online by 2025 and almost 600 GW by 2030, aiming to displace 9 billion cubic meters (Bcm) of gas demand.

    Europe currently has around 189 GW of installed solar PV capacity, meaning 131 GW need to be installed by the middle of the decade, or an equivalent of 44 GW per year. This would mean almost doubling the installation rate, which was 24 GW in 2021 and is expected to be 29 GW this year. To reach the targeted 600 GW by 2030, around 56 GW of new solar PV capacity would need to be installed during the following five years.

    Assuming an average cost for solar PV of €1.1 million per megawatt (MW) of installed capacity, installing 411 GW between now and 2030 would represent an investment of €452 billion.

    Reaching 45% renewable energy supply by 2030 additionally requires significant investments in wind capacity – for which the plan does not have a lot of detail.

    Rystad Energy’s estimates suggest another 450-490 GW of wind capacity would need to be installed by 2030 to reach the target of 45% renewable energy supply, requiring an additional €820 billion in investments.


    Such a transition will require huge investments but thus far the European Commission has been unclear about the total amounts allocated to achieve its goals. Recent announcements and communications mention that €225 billion is already available in loans and that an additional investment of €300 billion could be needed by 2030. Regardless of the total amount being assigned to new renewable energy developments, the figures seem to fall considerably below the required additional investment needed in power transmission, storage, gas infrastructure, and hydrogen production. Furthermore, such a large demand for new capacity will put additional pressure on the supply chain for solar panel and wind turbine manufacturing and could lead to a further increase in costs for these technologies.

    “The ambition of the REPowerEU plan is huge. Power companies and energy markets will be looking for details on investments and infrastructure. While the targets are achievable, it will require wartime-like planning, levels of investment, construction, and production to meet goals by 2030,” says Carlos Torres Diaz, head of power research at Rystad Energy.

    Targets breakdown

    The EU has identified six key areas to reach REPowerEU targets:


    • Smart investment
    • Tackle slow and complex permitting for major renewable projects
    • Saving energy
      • Increase binding energy efficiency targets from 9% to 13%
      • Cut gas and oil demand by 5% through behavioral changes

    • Diversifying fossil fuels supplies
      • Develop a joint purchasing mechanism to negotiate gas purchases
      • Develop major hydrogen corridors in the Mediterranean and the North Sea

    • Accelerating the rollout of renewable energy
      • Increase the target for renewables from 40% to 45% of total energy supply by 2030
      • Double solar PV capacity by 2025 and reach 600 GW of installed capacity by 2030
      • Double the rate of heat pump deployment
      • Eliminate red tape for renewable energy project permitting
      • Produce 10 million tonnes of renewable hydrogen and import an additional 10 million tonnes by 2030

    • Reducing fossil fuel consumption in industry and transport
      • Reduce natural gas consumption from the industrial sector by an additional 35 Bcm by 2030 by using renewable hydrogen, biogas, and biomethane



    Reducing red tape


    REPowerEU acknowledged the need to address the bottlenecks in the permitting process. Currently, a wind energy permit could take up to nine years. To address this issue, the Commission put forward a new legislative proposal on renewables permitting based on three things:


    1. It will declare that renewables are presumed to be in “overriding public interest”. That would ensure renewable energy projects are prioritized, especially in the current scenario and until climate neutrality is reached.
    2. The proposal also urges nations to create so-called, “go-to” areas. These areas are to be set following an environment assessment (declaring that renewables projects are not a direct threat to the environment). Projects in these areas would need to be permitted within one year.
    3. The Commission also plans to keep existing permitting deadlines (i.e., two years) for the normal new projects and one year for repowered projects.


    Speeding up the permitting process is crucial for the European Union to be able to meet its ambitious targets.


    By Rystad Energy"

    The EU Needs More Than $1 Trillion For Plan To Ditch Russian Oil And Gas | OilPrice.com

    An expensive exercise, at a time when their financial problems and economies are under more stress. I'm sure the western banks will offer "preferential " loans, to assist them.

    Along with of course minimal snow fall during the winter months and sufficient wind and days of sunshine in the summer.

    One advantage they will have is plenty of cheap unemployed workers/foreign, Ukraine, African refugees, due to lack of oil, gas and coal, normally imported from Russia and worldwide food shortages.

    The EI imposed, energy and fertilizer sanctions will not help.
    Last edited by OhOh; 01-06-2022 at 06:20 PM.

  22. #5747
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    Old addage
    "You are judged by the company you keep"

    Shabby Dhabi an erstwhile haven for the scum of the professions Widely oriental rude people and now skulking pals of Putin and their bimbos.

    Russian Yachts and Money Are Going Where US Influence Has Waned

    American allies in the Middle East have emerged as magnets for Russia’s wealthy.

    Bloomberg News1 June 2022, 08:00 GMT+7









    Andrey Melnichenko was in a bind. Squeezed by European sanctions targeting Russian billionaires, one of Russia’s richest men needed a safe jurisdiction to protect the businesses he’d built. He found it in the United Arab Emirates.

    Moscow-based coal producer SUEK and Zug, Switzerland-based fertilizer firm EuroChem, both founded by Melnichenko, are opening local trading units in the Gulf oil exporter, according to five people with knowledge of the matter. The 50-year-old resigned from the boards of both companies ahead of EU sanctions imposed over his alleged ties to the Kremlin. Swiss authorities said in May they’d unfrozen EuroChem’s accounts after Melnichenko transferred ownership to his wife.
    Already spending more time in Dubai, Melnichenko moved his $300 million Motor Yacht A to the city in December, keeping it there through early March, according to Bloomberg tracking data. It was last spotted off the UAE’s Ras Al Khaimah. His other yacht was seized by Italy in March.
    Spokespeople for Melnichenko and SUEK, Russia’s biggest thermal coal producer, declined to comment. EuroChem didn’t respond to requests for comment. A Melnichenko spokesman said after the EU sanctions were imposed in March that he had no political affiliations and there was no justification for the measures. A government official told Bloomberg that the UAE takes its role in protecting the integrity of the global financial system seriously and works closely with the private sector to implement targeted financial sanctions and combat evasion in line with its international obligations.



    The UAE is one of three Middle Eastern nations that have emerged as magnets for Russia’s wealthy since the Feb. 24 invasion of Ukraine, frustrating US efforts to muster a unified front against Vladimir Putin. Already popular with Russians seeking warmer climes, Turkey and, to a lesser extent, Israel, have also become go-to destinations.
    The newfound willingness of US allies in the Middle East to go their own way follows years of festering resentments compounded by concern over creeping American disengagement. The depth of the fissures was exposed by the invasion of Ukraine, with US allies as far afield as Japan and South Korea joining the campaign against Russia with their own sanctions and asset seizures, but key partners in the Middle East holding back.
    “These three countries have historically been important allies to Washington,” said Norman Bailey, former senior director for international economic affairs at the White House’s National Security Council, who studies Russian money in the Middle East. “It shows the US is steadily declining in influence.”
    The UAE declined to condemn Russia’s invasion at a UN vote. Along with Israel, it’s been critical of the Biden administration’s effort to restore the 2015 nuclear deal with Iran, which both countries see as a security threat. Turkey, though a NATO power, is itself the target of US sanctions over its purchase of Russian weapons. While it’s supplied Ukraine with drones, it’s also maintained ties with Putin and sought to play mediator.
    The Biden administration has sought to mend ties across the region since the invasion, but, in another sign of waning influence, has failed to persuade Gulf allies to help temper soaring crude prices that are driving inflation higher worldwide. The UAE is part of OPEC, the oil exporters’ cartel that continues to coordinate output with Russia.
    Quote Originally Posted by taxexile View Post
    your brain is as empty as a eunuchs underpants.
    from brief encounters unexpurgated version

  23. #5748
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    Europe’s Unquenchable Natural Gas Thirst Is Sending Prices Soaring

    By Irina Slav - May 31, 2022, 4:00 PM CDT


    • The U.S. Henry Hub natural gas price has climbed to its highest level in 14 years.
    • A surge in LNG demand from Europe has been one of the main drivers in the gas market.
    • U.S. natural gas inventories are struggling to keep up with growing demand, pushing prices higher.


    "he Henry Hub gas benchmark hit the highest in 14 years on Friday. If this was oil, everyone would be yelling about it. But gas has yet to garner the sort of attention oil receives on a regular basis. Maybe it will soon.

    Natural gas prices in the United States are breaking record after record without losing momentum as factors serving to push them higher remain active and multiply. The surge in liquefied natural gas exports to Europe is one big reason, and rising demand as the weather becomes hotter is another. Meanwhile, drought has joined the list of factors at play.

    The drought that began earlier this year is still gripping the Southwest, compromising hydropower generation and expanding, indicating that even less hydropower will be available as summer advances and with it, demand for air conditioning.


    Swathes of the Southwest and the West Coast and the Pacific Northwest were in a state of drought ranging from severe to exceptional as of May 24, according to the U.S. Drought Monitor, and while some parts of this region have gotten some precipitation, the situation remains challenging.

    Natural gas inventories, meanwhile, are falling. In its latest weekly natural gas report, the Energy Information Administration reported that working gas inventories stood at 1.812 trillion cu ft in the week ending May 25, adding 80 billion cu m during the reporting period. Inventories are now 18 percent lower than they were a year ago and 15 percent lower than the five-year average for this time of the year. The agency noted in its report that demand in the Southwest and Texas was growing faster than supply could catch up, contributing to higher prices. And it was no longer about the drought.

    That, the EIA said, began to let up in the week to May 25, but demand from LNG processors remained exceptionally high. According to the report, gas feed deliveries to liquefaction trains along the Gulf Coast rose by 900 million cu ft daily to 11.7 billion cu ft in the week to May 25.

    No wonder, then, that the Henry Hub benchmark broke the $9 barrier last week and is heading higher, possibly into two-digit territory, as summer begins for real.

    "It's like if oil went to $200 (per barrel), but it's not getting the same kind of attention," Dulles Wang, an analyst with Wood Mackenzie, told the Canadian Press. "And I think there's probably still more upside potential for natural gas prices."

    Wang is not alone in this expectation. The EIA, too, recently said that it expected considerably higher gas prices, especially if the summer turned out to be hotter than initially forecast.

    There is also the steadily strong demand from Europe as it seeks to refill its storage caverns ahead of next winter season and, at the same time, diversify away from Russian gas.

    The gas crunch, in other words, is coming to the United States, as natural resource investors Goehring & Rozencwajg recently forecast.

    "Asian and European natural gas prices stand at $35 per mmbtu, versus $8.20 per mmbtu here in the United States. Given the underlying fundamentals that have now developed in US gas markets, we believe prices are about to surge and converge with international prices within the next six months," they wrote earlier this month.

    With record exports, droughts ahead of normal drought season, and, perhaps more importantly, the lack of any sizeable increase in production, the forecast may well prove to be quite accurate, perhaps even earlier than the next six months. This would add to already significant inflationary pressures as electricity becomes more expensive and may prompt action from the federal government.
    "

    https://oilprice.com/Energy/Energy-G...s-Soaring.html

  24. #5749
    Thailand Expat harrybarracuda's Avatar
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    Quote Originally Posted by david44 View Post
    Shabby Dhabi an erstwhile haven for the scum of the professions Widely oriental rude people and now skulking pals of Putin and their bimbos.
    The UAE was built on smuggling and trafficking.

    Now they are the leading money launderer in the world.

    It's quite amazing how much cash they will trouser given how much they already have.

  25. #5750
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    Poor little puffy is all upset that people aren't letting him just invade whoever the fuck he wants.

    Come on puffy, do the decent thing and die of cancer.

    The Russian government slammed the Biden administration’s decision to include medium-range rocket systems in the United States’ most recent weapons package sent to Ukraine.
    Kremlin spokesperson Dmitry Peskov told reporters Wednesday that the administration’s decision is “deliberately and diligently pouring fuel on the fire,” the Associated Press reported.

    Kremlin rips Biden administration decision to send rockets to Ukraine | The Hill

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