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Russia Announces The End Of Cheap Fuel - Inflation Inevitable

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http://www.telegraph.co.uk/money/main.jhtm...06/cnfuel06.xml

Russia: 'Era of cheap fuel is over'

By Christopher Hope in Amsterdam (Filed: 06/06/2006)

Russia has served a double warning over the price of oil and intervention to block attempts by its energy firms to move into EU markets.
Viktor Khristenko, Russian's energy minister and guardian of 5pc of the world's oil reserves, declared that motorists and business would have to learn to live with expensive fuel because "the era of cheap hydrocarbons is over". He also made it clear that any intervention by EU states if Russian firms sought to buy their European rivals would be regarded as unfriendly.
He was speaking shortly after the Chancellor, Gordon Brown, indicated that any bid by Gazprom, the Russian gas giant, for Centrica, the British Gas parent, would be treated as a political rather than commercial move.

The Russians now have us where they want us--dependent upon their benevolence. As they move to takeover EU oil companies world supplies will be increasingly under their control for political gain. The question is who would be choose to be manipulated by: Vladimir Illyich Putin and the re-emerging might of the Soviet Union or the "greedy" Multinational Oil companies BP, Shell, Ultramar (UK-Dutch) and Exxon (US)?

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"the era of cheap hydrocarbons is over".

when people start telling us that we are in a 'new era' and 'it's different this time' doesn't this indicate the top of a bubble?

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Sure, then we becoem beholden to the Australians, with them having 40% of the worlds Uranium reserves.

From a military / non-dependence point of view, renewable is the only real choice. Plus as a military bonus, renewable sites tend to be small and widely distributed (eg wind / solar / wave farms) and thus it's harder to destroy the supply.

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Sure, then we becoem beholden to the Australians, with them having 40% of the worlds Uranium reserves.

From a military / non-dependence point of view, renewable is the only real choice. Plus as a military bonus, renewable sites tend to be small and widely distributed (eg wind / solar / wave farms) and thus it's harder to destroy the supply.

Iran has a lot as well - look; Uranium its even in the name. They may want to send us some in the future, perhaps on the front end of a missile. :lol:

Edited by deano

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Let's start building nuclear reactors now.

Russia is doing an excellent job of isolating itself ATM - the UK AFAIK has recently announced a move towards nuclear energy in the future - probably a knee jerk reaction to the recent energy supply issues

AFAIK France is 80% powered by nuclear reactors...

Edited by dnd

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Who can blame Russia for the position it now finds itself in as it tries to become the oil broker of the world after GW-Bush faked the 9-11 attack and lies about WMD to go on a conquest to seize yet more oil assets for his personal gain, American people are not getting much of the benefits but they are getting much of the pain

Russia, China and the middle east are clubbing together to protect themselves and I would trust a country that went bankrupt and didn’t threaten to nuke the world much more that I would GW-Bush and his merry bunch of men.

All we need now is WWIII and watch oil prices will go up by a factor five, as they did in WWII but do remember who to blame when you all receive your marching orders to go to war and as you take cover ask yourself what did you do to stop this madman who can tap all the phones in the US and not even answer for the crime.

Are you all enjoying the new world order

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when people start telling us that we are in a 'new era' and 'it's different this time' doesn't this indicate the top of a bubble?

you're almost right... just substitute 'peak' for 'bubble'

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http://www.telegraph.co.uk/money/main.jhtm...06/cnfuel06.xml

The Russians now have us where they want us--dependent upon their benevolence. As they move to takeover EU oil companies world supplies will be increasingly under their control for political gain. The question is who would be choose to be manipulated by: Vladimir Illyich Putin and the re-emerging might of the Soviet Union or the "greedy" Multinational Oil companies BP, Shell, Ultramar (UK-Dutch) and Exxon (US)?

i say greedy multinational oil bastards, any day of the week.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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