Cold War: U.S., Russia, China in Polar Race

 

Experts Believe As Much As $35 Trillion In Untapped Oil And Natural Gas Lurks In The Arctic Circle.

In what is being described as the “New Cold War,” the U.S., Russia, and China are all angling for the greatest share of influence and control in a part of the world few can even access. Continue reading

China to Extend Military Control to Indian Ocean

The Chinese regime said it’s wrapping up its construction of artificial islands in the South China Sea, and all signs suggest its next big push will be into the Indian Ocean.

Conflicts are already surfacing. India was caught off guard in May, when the Chinese regime docked a submarine in the nearby port of Karachi in Pakistan. Close to two months later, on July 1, Chinese defense spokesman senior Col. Yang Yujin tried lightening the concern by saying the Chinese navy’s activities in the Indian Ocean are “open and transparent.”

The same day, a very different announcement was made by a senior captain from China’s National Defense University. He warned India, saying they cannot view the Indian Ocean as their backyard. Continue reading

Rosneft – The new star of Russian energy

In Energy Strategy-2030 of Russia, enacted at the end of 2009, it was stated that Moscow would put emphasis on the Asia-Pacific region in its energy exports in the coming years. Petrol and petroleum exports going to this region were targeted to be raised from 6% to 22-25% of total exports, and currently non-existing natural gas export to this region to 19-20% scale of total natural gas export. This Asia-Pacific opening is part of Moscow’s strategy to increase national revenues while promoting economic development in East Siberia and the Russia Far East, and, as well as to stem these regions’ chronic emigration problem. Also, increasing negotiating margin in its economic cooperation with EU by operating new oil and gas pipelines to the East also constitutes an important column of this strategy.

Rosneft, Russia’s newest energy giant, is a key pillar of this initiative. As one of Putin’s favoured firms, Rosneft owes a great deal of its success to Kremlin’s state-centred energy strategy — itself a part of a larger strategy to re-establish Russia as a global power. In that context, efforts to develop the company seem to have gained pace over the past years, and Russia’s currently rank, first with its 12.7 share in world oil production as of 2012, would likely to stay same, at least in short term. Continue reading

Obama’s back-channel to Tehran bypasses allies Erdogan and Netanyahu

US President Barack Obama this week gave his two allies, the Turkish Prime Minister Tayyip Erdogan and Israel’s Binyamin Netanyahu, a lesson in the politics of expediency, when Tuesday, March 20, Secretary of State Hillary Clinton announced exemptions for 11 nations from new US financial sanctions against countries that don’t reduce the Iranian oil purchases by June 28.

Above all, Ankara is deeply engrossed in an effort to have the new Iranian and Iraqi pipelines to Europe routed through Turkey, reducing the Strait of Hormuz’s crucial importance as a primary route for the world’s oil supplies. This pipeline would also hurt Saudi Arabia and the other Gulf oil producers, all of whom are dead set against Erdogan’s hegemonic aspirations in the Middle East.

Full article: Obama’s back-channel to Tehran bypasses allies Erdogan and Netanyahu (DEBKAfile)