Codger on Politics

Wednesday, September 04, 2013

The Free enterprise system beating our oil rich enemies

The Free enterprise system beating our oil rich enemies

http://www.michaelyon-online.com/syria-outrage-is-not-a-strategy.htm

Where the inept diplomacy of the Obama administration is giving away the store, the individual American has beaten them back. The "Hidden Hand" has found a chink in the armor and exploited it, with active resistance of the political cases.

Out enemies depend on oil to get income. The American oil men, thousands of individual operations, are undermining the price of oil. They are even going to China to unlock their shale, thereby removing that market.

"Hydrocarbons account for two-thirds of Russian export revenues and nearly half of its state budget. And until very recently just two regions, Russia and the Middle East, dominated world trade in oil and gas. Russia has regularly boasted of being an "energy superpower". Indeed the whole Putin system is built on channeling hydrocarbon profits to regime supporters, as well as financing domestic military expansion. There were quite a few raised eyebrows at this year's Paris Air Show when Russia showed off its new, expensive, Su-35 high-tech fighter aircraft.

Meanwhile, under President Obama -- and we hasten to note largely independent of and arguably despite U.S. federal policies -- entrepreneurs have created an oil and gas revolution in the American shale fields that undermines Russia's export profits, and perhaps the very survival of Putin's governance."




Sent from my iPad

0 Comments:

Post a Comment

<< Home