Another Russian Answer to Energy Sanctions?
Jeffrey C. Borneman | October 27, 2014
"On Oct. 24, Russia launched a new and independent natural gas exchange (in St. Petersburg, Russia) and will make the facility the largest market for natural gas trading in all of Europe. [It will be] known as the St. Petersburg International Mercantile Exchange (SPIMEX)," reports the Examiner.
Investors should know that the Energy stakes across the globe are larger and much more grim than the majority of people care to admit. Russia will not – cannot - simply accept the US/European sanctions which are debasing its currency and economy. The sanctions are, for all intents and purposes, pushing Russia into an attack on the Petrodollar since they must attempt to trade around it:
"With economic sanctions, and secret oil deals with Middle Eastern producers causing dire financial consequences to Russia's currency and energy industries, the best way to circumvent external attacks is to simply bypass the recognized market structures and create your own platforms of trade, and in currencies that are beneficial to the well being of your economy."
As stated here recently, the US is willing to fight to retain the Petrodollar supremacy. Investors who follow DEMAND for Defense can also see the world is preparing for War. The Examiner article had one interesting quote regarding the Petrodollar I've posted below for your review.
If you want to know more about how the MDEF™ Investing strategy is positioned in this, or other geopolitical possibilities, please contact us directly.
It is interesting to note that the SPIMEX is beginning operations just two days after the tragic and highly suspect death of Total CEO Christophe de Margerie, who was in Russia to discuss energy topics with government and oil industry leaders.
Read the Original Article
By: of The Examiner Article Date: 2014-10-27