The Nordstream 2 pipeline represents the last stand of U.S. influence over the internal affairs of Europe. Once finished it will stand as a testament to the fundamental split between the European Union and the United States. Europe will see this as its first successful defense of its newly-declared independence. And the U.S. will have … Continue reading Time Runs Out on U.S. Opposition to Nordstream 2
German Chancellor Angela Merkel has turned the corner on relations with the United States. Her speech at the Munich Security Conference should be considered Germany's divorce filing from the U.S.-led post-WWII institutional order. It's clear that to me now that Merkel's priorities for what is left of her term in office are as follows: Carve … Continue reading Merkel Draws the Line Against Trump
Russia is winning its war of attrition against aggressive U.S. sanctions policy. Diplomatically, Russia is winning on all fronts, finding positive solutions through its abundant energy reserves to open gaps in relationships hat have been frozen in geopolitical amber for two generations. The latest balance of trade data from Rosstat tells the tale. Russia continues … Continue reading Russia’s Exports Continue to Defy Sanctions
Energy Dominance should be the catchphrase of the day. It's on the minds of every political figure, and the focus of every economy. This is especially true of those vulnerable to a change in the status quo, namely Saudi Arabia. While some continue to believe the gyrations of the oil market over the past few … Continue reading Energy Dominance Isn’t Just a Trump Obsession
The Russian ruble moved sharply this week as the global equity and commodities rout continues in the wake of the Federal Reserve raising interest rates. Russia's central bank over-reacted to a rise in inflation as the global economy moves towards a chaotic and politically dangerous 2019. Oil prices are moving in sync with equities as … Continue reading A Stable Ruble is the Key to Russia’s Survival
Israel announced a major pipeline project from the gas fields off its shore involving four countries, terminating in northern Italy. The EastMed Pipeline could be one of the longest in history as well as one of the most technically difficult to pull off. The deal was announced on World Israel News a few days ago … Continue reading The Ins and Outs of Israel’s Pipeline to Europe.
While the Trump Administration still thinks it can play enough games to derail the Nordstream 2 pipeline via sanctions and threats, the impotence of its position geopolitically was on display the other day as the final pipe of the first train of the Turkstream pipeline entered the waters of the Black Sea. The pipe was … Continue reading Forget Nordstream 2, Turkstream is the Prize
During the years the U.S. and its satraps in Poland and the Baltics fought the Nordstream 2 pipeline it was always apparent Germany was in the driver's seat. It was also apparent that this would be the wedge issue that would ultimately force Germany to pursue independent policy from the U.S. Nordstream 2 is and … Continue reading Germany Admits it Needs More from Russia than Nordstream 2