Gazprom To Sign Monumental Gas Deal With China

Gazprom to sign monumental gas deal with China  (RT, May 19, 2014):

Russia and China are due to sign a long-awaited gas contract on Tuesday, in which Beijing could pay up to $456 billion for Russian gas over the next 30 years.

While Russian President Vladimir Putin visits Shanghai on May 20-21, Gazprom and the China National Petroleum Corporation (CNPC) are due to sign a deal for 38 billion cubic meters of natural gas to power China’s growing economy, starting in 2018.

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TransCanada Natural Gas Pipeline Explodes Near Winnipeg

TransCanada natural gas pipeline explodes near Winnipeg
This photo, provided by Royal Canadian Mounted Police, shows the TransCanada natural gas pipeline fire on Jan. 25, 2014.

TransCanada natural gas pipeline explodes near Winnipeg (AL Jazeera, Jan 25, 2014):

A natural gas pipeline operated by TransCanada exploded and caught fire in a rural part of western Canadan early on Saturday, putting fresh focus on the firm’s safety record ahead of a crucial White House decision over a controversial cross-border project.

The explosion happened near Otterburne, Manitoba, about 15 miles south of the provincial capital, Winnipeg. The area was evacuated as a precaution, said the National Energy Board (NEB), which oversees parts of Canada’s energy industry. No injuries were reported but the fire burned for more than 12 hours.

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FLASHBACK: Former UK Ambassador: CIA Sent People To Uzbekistan For Extreme Torture: ‘Raped With Broken Bottles’ – ‘Boiled Alive’ – ‘Having Their Children Tortured In Front Of Them’

Former UK ambassador: CIA sent people to Uzbekistan for extreme torture, to be ‘raped with broken bottles,’ ‘boiled alive’ and ‘having their children tortured in front of them’ (Nov 4, 2009)

‘The Real Threat: Acid Jobs’

Insight: California environmentalists fear frack fight a distraction (Reuters, May 28, 2013):

As California sets the ground rules for drilling in the Monterey oil formation, a hard-to-reach shale reserve that is the largest in the United States, some environmentalists worry that politicians, regulators and fellow activists are fighting the wrong battle.

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As Cyprus Prepares For Total Financial Collapse, It’s A Race To The Mediterranean Gas Finish Line

As Cyprus Collapses, It’s A Race To The Mediterranean Gas Finish Line (ZeroHedge, March 22, 2013):

Cyprus is preparing for total financial collapse as the European Central Bank turns its back on the island after its parliament rejected a scheme to make Cypriot citizens pay a levy on savings deposits in return for a share in potential gas futures to fund a bailout.

On Wednesday, the Greek-Cypriot government voted against asking its citizens to bank on the future of gas exports by paying a 3-15% levy on bank deposits in return for a stake in potential gas sales. The scheme would have partly funded a $13 billion EU bailout.

Read moreAs Cyprus Prepares For Total Financial Collapse, It’s A Race To The Mediterranean Gas Finish Line

How A Spanish Scam Artist Punk’d The Ukraine For $1.1 Billion

How A Spanish Scam Artist Punk’d The Ukraine For $1.1 Billion (ZeroHedge, Dec 4, 2012):

A snapshot of (quite amusing) “New Normal” dealmaking in the insolvent continent.From OilPrice:

Ukraine Crushed in $1.1bn Fake Gas Deal

Certainly the folks at Gazprom are having a good snicker, reveling in the mockery that has been made of what should have been a landmark Ukraine-Spain gas deal that would have loosened Russia’s gas grip on Kiev.

Everyone wondered how Russia would respond to Ukraine’s attempt at gas independence. But this is what happens when you mess with Gazprom.

Read moreHow A Spanish Scam Artist Punk’d The Ukraine For $1.1 Billion

The One Chart That Will Infuriate Drivers (If Not Big Oil)

The One Chart That Will Infuriate Drivers (If Not Big Oil) (ZeroHedge, Dec 4, 2012):

We have all said it. Anecdotally, it feels like when oil prices rise, gas prices at the pump rise; but when turmoil pauses in global geo-politics– or some entity decides that high oil prices just will not do for the world’s economy –gas prices at the pump seem not to drop so quickly. Yes there are pipeline, inventory (and even tax) issues but the following chart suggests ‘gouging’ on a national level…

Greece Is Not Poor – It Actually Has Massive Untapped Reserves Of Gold, Oil And Natural Gas Worth TRILLIONS OF DOLLARS

Greece Is Not Poor – It Actually Has Massive Uptapped Reserves Of Gold, Oil And Natural Gas (Economic Collapse, Oct 15, 2012):

It turns out that the poster child for the European debt crisis is not actually poor at all.  In fact, the truth is that the nation of Greece is sitting on absolutely massive untapped reserves of gold, oil and natural gas.  If the Greeks were to fully exploit the natural resources that are literally right under their feet, they would no longer have any debt problems.  Fortunately, this recent economic crisis has spurred them to action and it is now being projected that Greece will be the number one gold producer in Europe by 2016.  In addition, Greece is now opening up exploration of their massive oil and natural gas deposits.  Reportedly, Greece is sitting on hundreds of millions of barrels of oil and gigantic natural gas deposits that are worth trillions of dollars.  It is truly sad that Greece should be one of the wealthiest nations in all of Europe but instead the country is going through the worst economic depression that it has experienced in modern history.  It is kind of like a homeless man that sleeps on the streets every night without realizing that a relative has left him an inheritance worth millions of dollars.  Greece is not poor at all, and hopefully the people of Greece can learn the truth about all of this wealth and chart a course out of this current mess.I have written extensively about the nightmarish economic conditions that Greece is experiencing right now.  Just check out this article, this article and this article.  Since the depression began in Greece, the Greek economy has contracted by more than 20 percent.  In April 2010, the unemployment rate in Greece was only 11.8 percent.  Since then it has skyrocketed to 25.1 percent.

The government debt to GDP ratio in Greece is projected to hit 198 percent this year, and there are persistent rumors that Greece will be forced to leave the euro.

But all of this is completely and totally unnecessary.  Greece is not actually poor at all.  In fact, after you account for untapped natural resources, Greece is actually one of the wealthiest nations in all of Europe.

According to Bloomberg, there is a massive amount of gold in Greece.  This recent economic crisis has accelerated the approval of mining activity, and it is now being projected that Greece will soon be the number one gold producing country in all of Europe…

Read moreGreece Is Not Poor – It Actually Has Massive Untapped Reserves Of Gold, Oil And Natural Gas Worth TRILLIONS OF DOLLARS