blackcat said:
Pythie, sounds remarkably what kennyy lay (dubbya is my mate) and good ol boy jefffffy skilling did with the power to the California market circa 1998ish.
......
But wrt Gas and Ukraine and Vlad and Gazprom and FC Schalke sponsorships, I knew this has some antecedent with Enron and California and the governor preceding Bush that was turfed out cos he was on the wrong side of Enron
those corporate shenanigan almost erased from my mind...amazed you still keep this in memory...yeah there are similarities but the gasprom/ukraine/eu natural gas 'reverse supply' gambit is somewhat different in at least 2 respects that the sides interpret in diametrical opposition (i once took care to research the issue b/c of an argument with a ukrainian canadian friend - he's a professional in the field - with whom i xski each year) :
1) the eu considers the reverse supply absolutely legal as once purchased it belongs to the buyer and thus ia redistribution 'promotes european energy security'
2) the gasprom considers it illegal b/c:
a) the reversal is not written into any contracts;
b) the 'reversal' is virtual (not always). meaning, since the transit pipe is designed to pump in only one direction (east to west), the 'deliveries' to ukrine are basically siphoning off of gasprom transit gas BEFORE it crossed into a european buyer's distribution pipes (a legal issue)
c) since gasprom has different pricing contracts with different customers (volume discounts, transit costs etc), they complain the reversal undercuts their business.
thus, the whole issue of gas reversal to ukraine became much bigger than the corporate shenanigans you, cat, referred to....it is a full blown economic war btwn the eu and vlad and the us and vlad....
excepting several quite valid european concerns (like russian politicization of pricing and questioning the gasprom business model of owning both the sources and distribution), the gas reversal to ukraine
is basically a complicated politico-economic chess game btwn the eu and russia. the eu is interested in helping its new client state they just tore off russia. And the risskies want keep their gas dominance and continue influencing the price as before.
part of the same chess game are the gas transit pipes (both those existing and projected) that
bypass ukraine to the north and south.
any common sense would seem to suggest that europe would only gain (at least in enetgy security supply) by avoiding the the regular clusterforks and shutdowns the slavic 'brothers' expose them to.
right ? wrong ! the european commission under the threat of penalties has explicitly directed bulgaria and others to stop constructig the 'south stream pipeline' that gasprom is dieing to finish asap. moreover, the eu (via germany) has warned it may restrict gas delivery to europe via one of the already complited and fully operational parallel branches on the 'north stream'.
has good ol europe gone mad by urinating upon itself ?
the eu big wiggs certainly dont think so. in their own minds, knowing full well how much russia's one-sided economy depends on the mineral revenew, they imagine they can force vlad to play by europe's rules. keeping up with the same scenario, they floated stories of america flooding europe with its shale gas or (just yesterday) with rumours of iranian gas..
of course, the industry professionals, both in the west and east, had long warned of not getting delusional...the american gas wont become available untill at least 2017(no lng ships and lng ports yet) and even then it will cost x2 the gasprom's...the pipe to transport the iranian gas DOES NOT EXIST or runs thru....russia
i dont think the european big wigs had gone mad. i think they are respectable folks who wish the best for their nations. I just think, very unfortunately for europe and america, they are lead by shytty chess players, by people who cant hold a candle to putin. much less to churhill and rousvelt.
proofs ? they are easily available in a public record. the last one, keeping up with my main subject, the eu has just yesterday given gasprom guarantees of ukraine paying up part of its debt ($3.1 bills) by the year's end, 'persuading' ukraine to pay the price ($385/ 1000 cu ft) russians insisted on all along 3 month ago. of course, it was declared as ukraine's flexibility
