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Russia opens oil port that will supply China Japan and South Korea

http://www.politicallore.com/writers/shaun-booth/russia-open...

This is a big deal and is going to jack up the price of oil sky high in Europe, possibly making them desperate for oil.



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Yes but now they can have a

Yes but now they can have a bidding war between Asia and Europe and thus the price hike.

why cant they do that with a pipeline?

It sounds more like to me it makes it easier for russia to import oil to the west coast. granted I do not know if it is just easier to build a port than getting the rights to have a pipeline in massive amounts of asia.

no, they are opening up the

no, they are opening up the asia markets, which was feed by rail previously period. They have a greater market share, so prices go up.

meekandmild's picture

Could it be the USA will be regraded as

a "third world country"?

I hope not. There really is

I hope not. There really is no analog for what we are about to enter, unfortunately any comparison to European countries just does not work because of our population size and number of people living in comfort.

An alternative theory is bankrupting the middle east

So Islamic nations can be brought under one of the 4 global economic unions.

____

"Take hold of the future or the future will take hold of you." -- Patrick Dixon

why would more oil cause prices to rise?

?

It's not *more*

It's not *more* oil.........it's *less* oil. Less oil for europe, more oil for asia. Demand there is projected to rise which will constrict supply, however, we'll have to wait and see what happens with China first. They may have overproduced themselves into a hole they cant climb out of.

Whoever controls the oil...

gets to print the money.

Maybe

Maybe not.

exactly that is the way I

exactly that is the way I feel also

slowly but surley they are

slowly but surley they are isolating the US...

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

I know and that upsets me so

I know and that upsets me so much

Thank you for posting this..

this is very big news by the way. I am surprised it didn't appear here sooner, but glad that it did. It will mean a lot in the coming months for sure, just watch and see.

I

agree...

Bump

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Yeah and the Iran

Yeah and the Iran Turkmenistan pipeline is another good thing to look into. The pieces are moving faster than most people can keep up. And it doesn't help that you have to do almost a whole research project to find this stuff.

you are right.. the Russians

you are right.. the Russians and Chinese out flank us again. Now you see why Japan is turning away from us and closer to their asian neighbors.

“Defiance of God’s Law will eventually bring havoc to a society.” - Dr. Ron Paul

Last week Russian Prime

Last week Russian Prime Minister Vladimir Putin attended the ceremonial opening of what will become Russia’s third largest oil port. The port is on the Pacific Coast of Siberian Russia, just north or Japan and Korea.