An interesting Ministry of Foreign Affairs (MoFA) report circulating in the Kremlin today on Moscow’s agreement to follow the Organization of the Petroleum Exporting Countries (OPEC) decision not to cut oil output says this action was met by an Obama regime “temper tantrum” resulting in the launching of three US Submarine Launched Ballistic Missiles (SLBM) towards the Federations far eastern Pacific regions.
According to this report, Aerospace Defense Forces (ADF) detected the launching of two of these US SLBM’s on Thursday following the conclusion of OPEC’s meeting in Vienna (Austria) where the decision not to cut oil production was made on that same day.
Major General Anatoly Nestechuk, the Deputy Chief of the ADF, this report continues, did report to the MoFA that the Obama regime gave a few hours notice prior to the launching of these SLBM’s, and further noted the fact that they were successfully detected illustrates the high combat readiness level and professionalism of his forces.
To the true cause of the Obama regimes “temper tantrum” in launching these three SLBM’s [at a cost of over $130 million] against the Federation, MoFA analyst in this report say, was due to both US and EU oil companies losing over $100 billion of their value this past week because of OPEC and Russia’s decision not to cut global oil supplies.
But, this report states, the Obama regimes “childish anger” is entirely misdirected as the Americans have no one else to blame but themselves for the collapse of global oil prices due to the secret agreement they made with Saudi Arabia this past fall backfiring on them.
As background for the US-Saudi secret agreement, this report notes, it began this past September when Secretary of State John Kerry traveled to Saudi Arabia to make a deal for the American bombing of Syria, but which the Saudis would not consent to unless the Syrian regime of Assad was toppled too.
Even worse, this report confirms, another part of this US-Saudi secret agreement was for the Saudis to increase their output of oil to put political pressure on both Russia and Iran.
The Saudis were at first stunned by this part of the US secret agreement, but became “quickly overjoyed” to comply with the US in increasing their oil output, MoFA analysts in this report point out, as it provided them with a solution to counter one of their largest competitors…the United States.
As to how foolish the Obama regime was to use oil as a weapon against Russia via their secret agreement with Saudi Arabia can, perhaps, be best explained by the Zerohedge News Service who in their report on this American debacle wrote:
“Who could have seen this coming? With oil prices holding at 4-year lows, heavily pressuring around half of US shale production economics, the “secret” US deal with Saudi Arabia to crush Russia via oil over-supply in a slumping demand world appears to be backfiring rapidly for John Kerry and his strategy team.
Capable of withstanding considerably lower prices for longer, Saudi Arabia’s oil minister Ali al-Naimi proclaimed “no one should cut production and the market will stabilize itself,” adding rather ominously (for the US economy and HY default rates), “Why should Saudi Arabia cut? The U.S. is a big producer too now. Should they cut?”
This grim assessment of the Obama regimes actions against their own oil industry was further confirmed by Leonid Fedun, vice president and board member at OAO Lukoil (LKOD) who warned this past week, “OPEC policy on crude production will ensure a crash in the U.S. shale industry”.
Even worse for the Americans, this report warns, with global oil prices crashing below the production costs needed for their oil companies to profit from their Bakken shale oil reserves estimated to hold 24 billion barrels, Western Siberia’s Bazhenov shale oil reserves holding 1,920 billion barrels would then be able to expand and capture global market share well into this century, and beyond.
With the US now standing to lose hundreds-of-thousands of good paying jobs in their oil industry due to their secret agreement with Saudi Arabia backfiring on them, this report says, Russia, on the other hand, with its billions of foreign exchange and gold reserves, combined with low debt, stands ready to except even the most brutal blow from the crashing price of oil.
The same, however, cannot be said of the US, this report concludes, who just in the past 8 weeks had to borrow the staggering sum of over $ 1 Trillion in order to keep their ponzi scheme of an economy from outright collapsing.
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