Money only matters first

Sanctions-shmanctions, that is what the Russian government must be thinking. Who cares? The oil and natural gas reserves found at the Taymyr Peninsula is enough to keep their country alive for quite some time.

It’s also enough to wait out the America-egged (and NATO-egged) European Union with their hypocritical denials of reality: it’s not one rogue fighting an innocent lamb, it’s two scoundrels fighting one another in a war of villains.

Way up north

Taymyr is a peninsula in the Far North of Russia. Located in the Siberian Federal District, it is, actually, the northernmost part of the mainland of Eurasia.

According to Encyclopaedia Britannica, the northernmost point of the peninsula is Cape Chelyuskin, north of which lie Vilkitsky Strait and Severnaya Zemlya. To the west of the peninsula lie the Kara Sea and the Gulf of Yenisey; to the east lie the Laptev Sea and the Gulf of Khatanga. The peninsula occupies an area of about 150,000 square miles (400,000 square km). In the centre lie the Byrranga Mountains, reaching a height of 1,650–3,800 feet (500–1,150 m). To the north and south of these stretch tundra-covered lowlands.

That’s where, thanking to the melting permafrost, Russian oil companies managed to get access to oil that, according to their claim, surpasses the quality of its competitor known as Brent crude.

What does it mean?

According to oil traders’ definitions, Brent crude – also referred to as Brent blend – is one of three major oil benchmarks used by those trading oil contracts, futures and derivatives. The other two major benchmarks are West Texas Intermediate (WTI) and Dubai/Oman, though there are many smaller oil varieties traded, as well.

Brent crude, the definition continues, is the most traded of all of the oil benchmarks, and is defined as crude mostly drilled from the North Sea oilfields: Brent, Forties, Oseberg and Ekofisk (collectively known as BFOE). This oil type is widely used because it is both sweet and light, making it easy to refine into diesel fuel and gasoline. That, and its relative ease of transporting being produced at sea, make it so widely traded.

Stupid flight

American companies are pulling out of Russia, including McDonald’s. They entered the country while it was still Soviet and communist-ruled: the crimes of that regime mattered less than the war of rogues. (It was actually McDonald’s Canada that spoke Russian and accepted roubles.)

Russian president Vladimir Putin must have been happy to hear this news: there exists a record of his conversation with then-American president Barack Obama, where Putin expressed his genuine shock that U.S. administration permit such lifestyle: it must be straining your healthcare system more than anything else, Putin, a fitness freak healthier than Popey the Sailor Man, was quoted as having said.

MasterCard and Visa are going to lose about 4 per cent of their revenue each, and all that based on a request made by Ukrainian president Volodymyr Zelenskyy, whose country accounts for one percentage of their respective revenues.

MasterCard and Visa may be facing some issues if and (more probably) when they decide they’ve haemorrhaged enough. Russia might tell them to go and fly a kite: the new agreement on financial services between Russia and China has been signed, and American threats that they would have Russia kicked out of SWIFT are about as laughable as street-fighting kids telling one another that, hey, my Dad’s stronger than yours.

SWIFT, the Society for Worldwide Interbank Financial Telecommunication, founded in 1973 to replace the telex, is now used by over 11,000 financial institutions to send secure messages and payment orders. Western commentators think that there exists no globally accepted alternative, which is why it is essential plumbing for global finance.

Not so: if removed from SWIFT, Russian companies would not be getting paid for the goods they export, so, they won’t deliver anything, either, including stuff already paid for.

Besides, the American threat, couched as a demand or request, would have to get approval by SWIFT’s board of directors, and they don’t seem to be in a special hurry to acquiesce. Their reason: American economy isn’t what it used to be, and its impact on the world’s economy has been going weaker and weaker with every week of the current administration’s activities (or lack thereof).

Full speed ahead

Meanwhile, the newly-established Vostok Oil and a company named RosNeft, founded specifically to work in Russia’s Far North, have started building a city that would be capable of accommodating a million inhabitants, with two airports to serve about 400,000 oil-field workers.

Megalomania? Not really. A realistic assessment of the opportunity.

The Americans are perfectly mad about the Nord Stream supply system for the deliveries of Russian oil and natural gas. It competes directly with their own interests that include delivering those same commodities to Europe using tanker vessels.

Of course, the Russians would be able to offer their wares at prices close to dumping levels. Realising Russia will be almost alone in the market, with India’s oil interests getting a modest share, the Americans must be banging their heads against the wall.

The oil and natural gas are expected to start flowing from Taymyr by 2024: that would give European countries enough time to figure out that Uncle Sam sits across the Big Pond, while Russia is around the corner.

If the current news out of the U.S., showing that the 2020 presidential election was indeed criminally irregular, if not literally rigged, is correct, then this could mean the end of the irresponsible administration the Yanks have now. Meaning the new administration wouldn’t be as crazy as to try starting a war over Europe as America’s oil and natural market: they will have to realise that whatever sway they used to hold over the Old Continent is long gone and not about to return within foreseeable future.

Everybody can talk about Russia’s attack on Ukraine till they’re blue in their faces, and yes, any war is an atrocity in and of itself. It is a cynical observation, but even the Romans of old knew that Inter Arma Silent Leges (during wars the laws are silent).

The Russians are meanwhile starting to build icebreaking tanker vessels: France, Germany and Hungary have already indicated that they are watching Vostok Oil and Rosneft with keen interest and are expecting the enterprise to become a huge success. How long will it take till the rest of Europe come to their senses?

Meanwhile, the short-sighted American administration, driven by financial interests shared by their own president’s family, gave Russia all causes she needs to attack Ukraine, from running a dirt nuclear bomb program in Ukraine’s nuclear facilities such as Chernobyl (yes, THAT Chernobyl) and Zaporozhie, to running 16 laboratories that develop and prepare for production deadly biological weapons.

America, however indirectly, has provoked this war, and now she cries catch the thief. No humanitarian issues were at stake, only business interests. Yes, not economic interests, that is interests that would benefit the entire country. Business interests of a limited group of people that includes America’s own head of state.

Yes, Putin and Zelenskyy should be both ashamed of themselves. Here’s why: they allowed themselves to be drawn into dragging their peoples into a perfectly useless war. A war that costs (and will continue costing) untold numbers of innocent civilians, men, women and children, their lives.

But, for the real criminal, look across the Big Pond.

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