A stunning report prepared by the Ministry of Energy (MoE) on the recently signed agreements between Russian state-owned oil company Rosneft, Exxon Mobil Corporation and British Petroleum says that additional memorandums of understanding (MoU) agreed upon by these three global energy giants allows for the deployment of tens-of-thousands of Russian military forces to protect their “mutual vital interests” in the Americas should they come under attack by Obama regime forces.
According to this report, these new agreements were signed last week at the St. Petersburg International Economic Forum (SPIEF) where President Putin declared: “The challenges in the energy sector are clearly of global nature, and we can only meet them together, by means of co-operation. It is important that this is exactly what the major companies are doing.”
These agreements were made despite the Obama regime and EU sanctions imposed on Russia and on Rosneft CEO Igor Sechin over the Russian annexation of Crimea, this report notes, and clearly shows that these multinational energy giants are now operating independently of any sovereign government.
The MoU’s attached to these agreements, this report continues, notes the Obama regimes continued “war on oil” that has caused petrol (gasoline) prices to rise to historic levels throughout the world while at the same time equally historic new oil finds have been made.
Another factor being added into these MoU’s, this report says, has been the Obama regimes continued stalling the completion of the Keystone XL Pipeline projects northern leg which is further adding to the artificial increase of petrol prices in the United States.
Being feared most by the Obama regime and its oligarch supporters, this report notes, is that the ever growing world “oil glut” may push the global economy into deflation, which would effectively destroy the Western banking system, but at the same time greatly benefit the lower and middle classes by giving them the lowest energy prices many of them have seen in their lifetime.
And as, perhaps, best explained by London’s Telegraph News Service:
“One piece of the jigsaw puzzle is missing to complete the deflation landscape across the West: a slide in oil prices. This is becoming more likely each month.
Turmoil across the Middle East and parts of Africa has choked supply over the past two years, keeping Brent crude near $110 a barrel despite a broader commodity slump. Cotton and corn prices have halved, as has the UBS index of industrial metals. Such anomalies rarely last.
“We estimate that crude oil is now the mostly richly priced commodity in the world,” says Deutsche Bank in a fresh report.
Michael Lewis, the bank’s commodity strategist, said markets face an “new oil supply glut” as three forces combine. US shale will add 1m barrels a day (b/d) to global supply for the third year running; Libya will crank up shipments after a near collapse in 2013; and Iran will come out of hibernation. “This will push OPEC spare capacity to levels last seen in the depths of the financial crisis in 2009,” he said.
America is on track to overtake Saudi Arabia as the top global producer of oil by 2016. It will account for more than half of non-OPEC world supply this year. The US Energy Department says US oil imports will drop to 5.5m b/d by next year, half the level a decade ago. This turns the world’s 89m b/d market upside-down.
Deutsche Bank said Saudi Arabia may have to slash its output by a quarter to 7.5m b/d this year to stop the bottom falling out of the market. The Saudis no longer have such money to spare. They are propping up an elephantine welfare nexus to keep a lid on explosive tensions in the Eastern Province, home to Saudi oil and its aggrieved Shia minority. A cut of this size would push the budget into deep deficit.
This comes as Iran makes its peace with the West. Its 30-year vendetta with US – Iran’s natural ally in many ways – no longer makes sense. Bank of America says a simultaneous return of Iran and Libya could add up to 3m b/d. Just a third of this “positive supply shock” could shave $20 off the world oil price.”
Most feared by global energy giants, however, this report continues, are the “deadly lengths” the Obama regime will go through to keep oil prices artificially high, and which include last weeks CIA-backed coup attempt in Libya which (of course) prevents Libyan oil from reaching its fullest capacity.
In seeking to prevent the Obama regime from attacking the “mutual vital interests” of Rosneft-Exxon Mobil Corporation-British Petroleum like they have in Syria, Libya and now Ukraine, this report further explains, was the main reason behind Defense Minister Sergei Shoigu engaging in talks with Cuba, Venezuela, Nicaragua, Algeria, Cyprus, the Seychelles, Vietnam and Singapore this past February to expand Russian military forces to these critical energy regions.
And in the most explicit MoU agreed upon by these global energy giants, the MoE states Russian military forces are to be allowed “total and unimpeded access” to all of their facilities (either jointly or separately owned) in the Americas (North-Central-South) should they come under “attack or threat of attack” by the Obama regime or its allies.
This report grimly notes too, that in order to fulfill its obligations under these MoU’s, and at its “most extreme”, they could possibly involve the use of tens-of-thousands of Russian military forces in the American region, which includes Rosneft’s access to its fields in North America and the Gulf of Mexico, along with Rosneft-Exxon Mobil fields in the Arctic and Black Sea…and, in essence, means both Exxon Mobil and British Petroleum are giving their backing to the deployment of Russian forces in the Americas.
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