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Oil Spikes, Stocks Dump As Van Rompuy Gives Green Light To Extend Russian Sanctions To Oil
Curious why Brent just spiked by over 1% (and the S&P500 took a leg lower)? The reason is headlines from Reuters citing Europe's unelected dictator, Van Rompuy who has said that sanctions should include Oil technology. However, in a hilarious twist, the unellected muppet of Europe's insolvent banks, hopes to get his sanctions cake and snort Russia's gas too, adding that Europe's sanctions should exclude the gas sector.
- LETTER FROM EU COUNCIL HEAD VAN ROMPUY TO MEMBER STATES SAYS RESTRICTIONS ON SUPPLYING TECHNOLOGY TO RUSSIA SHOULD INCLUDE OIL, BUT EXCLUDE GAS SECTOR-EU SOURCES
More from Reuters:
EU leaders seeking to agree sanctions against Russia over its actions in Ukraine are expected to include oil technology but exclude technology for Russia's all-important gas sector, EU sources said on Friday.
The scaling back of the EU's ambitions shows the difficulty of agreeing forceful sanctions against Russia without risking damage to the bloc's fragile economy.
Two sources quoted from an official letter sent to EU heads of government outlining "an emerging consensus on some key principles".
Here it appears that Europe's unelected leaders are somehow deluding themselves that if faced with escalating sanctions, Russia will not unilaterally cut off the gas to Europe.
It gets better. Reuters also added the following:
- LETTER FROM EU COUNCIL HEAD VAN ROMPUY ASKS EU LEADERS TO DELEGATE AUTHORITY TO AGREE TO RUSSIA SANCTIONS TO AMBASSADORS, AVOIDING NEED FOR SUMMIT-EU DIPLOMAT
Why? So that when things really escalate out of hand, and Russia does half gas deliveries sending Europe into a triple-dip recession or outright depression, the population will demand scalps. At that point the unelected Van Rompuys can say: "hey, don't blame us. It was all the ambassadors fault."
Lest anyone thinks that Russia is anywhere close to "blinking", allow us to disabuse you of such naive thoughts with these Reuters and BBG headlines:
- RUSSIA SAYS UKRAINE SHELLED RUSSIAN TERRITORY WITH THE INTENT TO KILL LAW ENFORCEMENT OFFICERS; PROOF FOR `FALSE' U.S. CLAIMS `SIMPLY DOESN'T EXIST' - -INVESTIGATIVE COMMITTEE STATEMENT;
But the biggest telltale is what we have said the latest escalation is all about: the South Stream - the Russian nat gas pipeline which would circumvent Ukraine entirely. "A draft document on possible sanctions on Thursday also laid out a range of technologies that could be restricted, which could have delayed development of Russia's South Stream gas project to ship gas to Europe via the Black Sea."
Because just like with Syria, so with Ukraine and all the associated brewhaha, at the heart of the ongoing conflict is nothing more than Europe's addiction to Russian energy.
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Thank you, Tylers. You are true gentlemen. You treat your guests well.
Now, where's that "buy" button? Ah, here it is.
And for my next trick, keep a close eye on the remaining testicle!
Do I have to shave it first?
damn. I knew i should have filled the car up this morning...
Totally embarassing how arrogant and out of touch people like the low grade belgian bank clerk are.The EU most expensive,useless,draconian disaster known in the history of the entire world.Its only result is taking Europe to bankruptcy,despair and ultimately civil war.How to leave a continent povertystricken and destroyed in one lesson,set up theEUSSR.An absolute frigging disgrace.
Run by Gimps,to employ Gimps with total destruction the end result.
As resident of EU I can say, I hope H. van Rompuy get a prostate examination from a donkey/horse and an elephant male (poor animals putting they cocks into this kind of garbage).
Von "Rumpboy" he comes from a little town in Belgium where boys bottoms are revered like fine wine.
Well trash is trash and doesn't matter where you found it, even if it is in the small Belgium town or in the EU headquarters.
BTW my 1st reaction when I saw that guy: he looks like a child abuser.
And the private massage for that guy who down-voted me: You are an Eurotard supporter. :)
He gets paraded on television here in Belgium regularly.
One look on his wife proves he's not interested in women.
Funny note : his sister is active in the communist party, she's probably the most sane member of the nest he came from.
I Googled his wife, you are right.
This is what happens when you cross a donkey with a baboon and put him in a suit.
Did you just tip your hand on your next piece of art?
A maroon ?
A republicrat?
I'm sure that copulation left a mark.
lol
depends what part of each he inherited...
Judging by his voice...hew haw!
Fortunately he is on his way out along with Barroso and Lady fish n chips.
Van Rumpie? NSA must have some great photos of this guy.
Rest assured that ALL politicos in positions of power have been thoroughly "vetted."
Some pedo stuff surely. That clown is a total freak.
Speaking of Paedophiles from Belgium, the Catholic Church comes to mind...
https://en.wikipedia.org/wiki/Religion_in_Belgium (RCC tops with 58% of Population)
https://en.wikipedia.org/wiki/Catholic_sexual_abuse_scandal_in_Europe#Be...
http://www.religioustolerance.org/clergy_sex29.htm
http://uk.reuters.com/article/2010/09/10/uk-belgium-church-abuse-idUKTRE...
"...almost every Institution was host to an incident"
Europeans REALLY need to start prosecuting Paedophile Clergy. Since the RCC has passed a Decree NOT to cooperate with Govt Authorities, they're engaging in Acts against the Sovereignty of Nation-States, Terror, and abetting Child(Sex/Drug/Money/Labor all included) Traffickers.
I'm an ex-Protestant. My stance wrt upholding the Rule of Law and the Catholic/Mormon/JW/Xian Science rush to supress/sabotage me at Work/Military/Civil Service provides testimony as to their positions as "Enemies of Nation-States and Humanity in General".
I'm inclined to believe that most "Like-minded People" - especially Sociopaths - tend to congregate and support each other.
Coincidentally, Mr. von Rompuy is...a Roman Catholic... Surprise!!!
https://en.wikipedia.org/wiki/Herman_Van_Rompuy
I stated earlier here in ZH that in addition to the Ukraine Crisis being one of Ethnicities and Political Leanings, it's also one about Religious Affiliations as well.
boroso supplies the kidnapped children to order.
brings the little ones in a sack to van rumpies masonic office then they fight naked over who gets to slit the stolen childrens throats.
and some folks say satanism is cool?
Anyone who actually believes 'satan' is anything more than a comic book character is a dumb superstitious dark ages villager.
"Satan" is the collosal aggregate of egos that TPTB have created over many lifetimes. They have done such a good job in creating these lustful, greedy, power mad egos that they are completely ruled by the beast.
Soon they will be seeing my friend Anubus who will weigh their hearts against a feather and render judgement. Karma can not be avoided!
I guess that little shit thinks his limousine runs off the hot air he spews out his ass, as opposed to an oil product.
I somehow doubt he will advocate cutting the high fuel taxes in the EU to compensate for the economic pain inflicted on the masses by rising oil prices.
You'd expect gold and silver to jump bigtime... But... Yeah... Fuck it...
Relics
Barbarous ones at that.
The price of gas at the pump has to be manipulated too. It seems not too long ago if there was the slightest disagreement in the middle east the price at the pump would go up 5 minutes later. Then it would stay there for a long time while things "stabilized". Now that we've got wars popping up every day that doesn't seem to happen anymore.
Move along...go for a ride to the mall...everything is fine.
would love to see rumpboy and putin in a cage match. filthy europussy
Ooh, think of what the PPV $$ would do for GDP.
VAN ROMPUY is one creepy sick fuck. You can just see him wandering around concentration camps taking video for fun later.
At some point, very soon, Russia will have a discussion internally that goes like this:
We can maintain 10.5 million bpd for another 6 years or so before decline arrives, as it arrives in all oil fields.
But the measurement of oil doesn't have to be barrels per day. It can be barrels. We have a lot underground that our grandchildren may need. If we cut back to, say, 6 million bpd, the price will go sharply higher to perhaps $140/barrel.
Now, we don't *lose* money regardless. We just choose not to make money we might have made. We'll have plenty to eat, we'll be able to transport the food and transport anything else we might need to. Our enemies won't, but they can just go find their own oil. We have no obligations to them, given that they clearly are behaving like enemies.
And so, we're going to choose to export less oil and gas. Our future needs that oil and gas and we care more about our future than our enemies' present.
Exactly right! The USSA really has no clue what year it is; circa 1950 thought processes.
Bingo, bingo. You said it best and that is what they will do. They have been talking and I bet that they know that the west want Russia out of the picture so they have to think and fight the west where it hurts, their pocket. You see everything is alright as long as those govt. checks continue and I'm able to buy food and such. But once those checks stop and milk is 10 dollars a gallon and I can't get my money out of the bank they know that Americans and most of the west will riot and go mad with anger and it will be all the US can do to keep their own people from dragging the govt. down.
I suspect it will get to a point where countries in the world will be more independant rather than rely on interdependance between nations. Particularly the ones with the resources.
The more i see things unfolding the more i am starting to believe that the wars in the middle east and the cold war that is heating up with Russia is a western plan to collapse the global economy.
It is becoming clear that the emporer has no clothes, that the US will go into recession officially during this year and that Europe will also continue heading into depression and there is no monetary policy that can save them.
They are looking for a scapegoat and that will be the price of Oil, Putin and the Middle East. The world is barely growing on $100 barrel of oil.
Thoughts anyone?
Van Rumpuy? Any relation to
Rumpelstiltskin?Actually, I'm pretty sure he's a close relation to the Grinch who stole Christmas.
LOL! There we go, excluding the NG sector from any of the sanctions. Putin should just have some "maintenance outages" on the pipelines in December.
hey, i just need gas !
and this is crazy !
i give you my number !
call me mid-october, maybe !
/s
That's what USrael would like.
Russia has been EXTREMELY reliable with it's energy deliveries to Europe. No matter what happened in Russia, the deliveries were never affected over many decades.
USrael would hit several flies with one strike:
Damage Russia's reliability as energy supporter.
Sell own, more expensive energy.
Damage Germany's but also Europe's industry, which would also affect the Euro.
For the same reason the Angloamericans are the biggest supporters of the EU-expansion with countries, that do not fit: Turkey, Moldova, Ukraine.
It's no coincidence, that Goldman Sachs helped Greece falsifying their finances, to get into the Euro-zone. A time bomb that worked very well, btw.
That's not going to work. The problem is that Russia has the energy to export, and we do not. That would not be cutting off our noses to spite our faces, that would be slitting our own throats to spite our heads.
I think Russia may have some technical difficulties for a day with it GAS pipeline supplying Europe.
No, they have contracts.
The correct way to deal with this is not renew them. All future contracts should have a 1 month duration.
They don't have to ship that gas to Europe. They have plenty of food. Money doesn't really matter all that much when you have oil and gas.
Well the EU ownership forgets that reality. It's Russian roads, train tracks, cargo, labour, equipment and infrastructure that make it all happen. And the day Russia wishes to turn off Europe.
It can anytime with the stroke of a pen.
Seems like EU is willing to take the hit after all. A bastion of freedom, justice and hope for all oppressed people. Good for you, EU.
I hope you forgot the sarc tag. If not, lay off the windowpane, that was a bad batch of
Leary.
Gold only, thanks!
Gold has no function in Russian society. That is never going to happen.
Gold has no function in any society, bitch. Except as the best most non-corrosive conductor known to man. That is already happening, evil troll. We're not even gonna start talking about silver, unless you want to go there, evil troll.
You keep saying that, yet they continue to increase there domestic mining and increase their gold reserves.
RUMPY PUMPY POOH THE NOO
Left in the hands of an 'expert' like Van Rompuy what could go wrong?
Can't wait to hear Nigel Farage verbally tear this episode apart.
Yep ...these sanctions have all the teeth of a jelly baby
Putin must be p_ssing his pants (yawn)
There are principles.....and then there is heating your butt.
For politicians seldom the twain meet
<= Germany is falling into Russian orbit?
<= Does Van Rompuy know something we don't?
Nothing orbits Russia. Russia is a meteor. It's going to crash and burn.
These people are a fucking joke. Why do we continue to put up with these assholes?
Which ones? The Russians the Libyans or the Israelis?
The fucking Canadians.
Primarily because they ARE assholes. The children learn at an early age that the assholes are to be worshipped because the asshole win because the asshole are the better humans.
Just like faggotycock jockey bathhouse barry von bumboy was a promiscuous little faggot too and thats how he got where he is now,
Rumur has it he swallowed more cum by 16 than most lumberjacks swallow Bud in a lifetime
Putin's in a boxing match with a 5 year old kid.
Typical welfare socialist crap, we decide what's best for everybody except the guy who has the bat and ball and he can't play with us anyway if we steal his bat and ball.
You obviously have no clue how dangerous the situation is.
Sanctions are a tool that is expanded step after step until the other side at one point either surrenders or strikes back. And the wanted war ensues...
Ever heard of Japan and Pearl Harbour?
Except back then we had the oil and Japan didn't. Now, Russia has the oil, and we don't. This looks not only like it is orchestrated, but it also looks like the conductor has had a stroke and is flailing his baton wildly in front of the orchestra. It really looks like we're trying to push Russia into a war, and we all know how that ends. I would like to warn the psychopaths pushing this bullshit that no one, not even them, will come away unscathed from a nuclear war. Instead of learning how to manipulate people 100% of the time, they maybe should have devoted at least some time to understanding physics.
"It really looks like we're trying to push Russia into a war"
NOT looks like but US "is" pushing for war - each escalation of false flag attacks puts europe in position to escalate and get population on board for austerity measures. Each false flag produces the next one as US gets closer to goal of controlling Border with Russia - then false flag intensity will increase because they can literally see the 7 times zones of undeveloped resources for FREE - Putin per the advice probably from the Germans are trying to stave off the inevitable - I think perhaps the Germans are being double agents in their advice to Putin -
Putin should have gone for entire south east to west of Ukraine and take the pipeline - he is getting framed with the same tag regardless of taking the right course for his country
he needs to raise 1 milllion man Separatist army with aid supplied soup to nuts by Russia and take the flak and get it over with - the tax base with industry nationalized for the people, oil and gas and agriculture wll pay for itself - raise the cost of oil by lowering production and go to $140 /BBl - and assassinate / murder the Fascist leaders one by one starting with Paruiby
get it over with
Pearl Harbor was a set up(now called false flag). All the veteran sailors were out to sea on the aircraft carriers.
Cut the gas already. Enough of this shit!
Jumpin' Vlad Flash is a gaz, gaz, gaz!
Is van Rompuy extending sanctions with the intend to hit Russia or Germany? /sarc
There are a number of easy responses from Russia that would make US and Europe shit there energy cost pants.
Sky high prices are the banksters' and DC's plan. They want to force the EU onto US Liquid Gas, too.
Sounds like Heman Van Bumboi is really askin' 4 it!?
Smoot Hawley on crack. Literally. I think these guys smoked a bunch of crack and then re-wrote an updated for today Smoot Hawley
ZH pretty much called the bottom again. You could monetize this information into a fund.
http://www.pipeline-conference.com/sites/default/files/field/image/Europ...
"Under consideration of a tight delivery schedule the 2-shift production takes a good share of EUROPIPE‘s capacity for a period of more than 12 months beginning April 2014. EUROPIPE’s subsidiary MU?LHEIM PIPECOATINGS GmbH (MPC) coated the pipes inside and outside. Also at MPC the 2-shift production takes a good share of its capacity. The order will mean work for about 700 employees in Mu?lheim/Ruhr at EUROPIPE and MPC."
http://www.pipeline-conference.com/news/europipe-wins-steel-pipe-order-s...
That's South Stream's pipe. Think this is a US vs Germany hot topic.
USrael.Must.Avoid.Southstream.
shot in the foot
Hope he cleared this with his mates in the ECB/BoE/Fed as gold and silver have spiked as well meaning that they are going to have to dump them all over again.
Thanks for the tip.
I will get my buy order ready.
Rompuy
Herman Van Rompuy, who has attended Bilderberg, was Belgium's Minister of Justice when Marc Dutroux escaped from the Belgian police.Marc Dutroux's gang kidnapped children, and supplied them to the elite, reportedly with the help of the Belgian police.
In July 2013, Van Rompuy visited the Mediterranean island of Malta.
https://dublinsmick.wordpress.com/wp-admin/post.php?post=6608&action=edi...
Rompuy has stated that we are all Jesuits now. Told Putin the EU is coming to Russia's borders.
Stefaan De Clerck was the minister of Justice at that time (Dutroux escape). Saying Van Rompuy is the dictator really is to much honour. He is the jesuite sissy of the commission. Just wait untill the Russians think it is opportune to reveal some real facts about UKR or decide to effectively cut the gas. Then you will see the real Van Rompuy : begging ons his naked knees before Putin in naked torso.
Bottom line is oil, they can print the other stuff as much as they want....currency, stawks, bawnds...even gold and silver they can print...can't print oil though so it gets real when there's oil worries.
The MICEX is only down 4.26% YTD after all the B.S. and sanctions that's a small move.
INDEXCF Quote - MICEX Index - Bloomberg
Here's the exchange link. If was going to BTFD it would be in the MICEX before the ponzi U.S. or European equity markets.
http://www.micex.com/marketdata/analysis
Then Russia stops selling gas to Europe...aaaand it's WWIII
It's gonna be Pearl Harbor 2.0
Like when zee Germans bombed Pearl Harbor.....did we run away? NO we threw a toga party!
Remember the Maine!
We have all heard reports of guillotines being brought in from Canada over the years and the return to jesuit noahide laws. There was some rumbling last year the State of Georgia had passed a bill clearing the way to guillotine used in death penalty cases as the organs can then be used. Nobody seems to be able to locate the bill however.
In an interesting discussion Arizona judge Alex Kozinski has indicated that guillotines might be a better idea than medical injection, however the firing squad is his favorite.
What is next witch burning? Somehow someway, don’t you just feel this is the wave of the future?
http://althouse.blogspot.com/2014/07/judge-alex-kozinski-says-guillotine.html
When the first world banksters have a phony recovery, don't you think they want a Goldilocks one?
They have controlled our polidipsie recessions since 2007 with a series of sunny and bubbly recoveries, which no one can gainsay.
And now TPTB want to sanction Russian crude oil but not Russian natural gas.
Well, I want the streets in the town where I live repaved. But I don't want to pay any more taxes to have it done.
We are all entitled to want the unrealizable. That's what freedom means.
There is also a touch of 'peak oil' in this.
Slow recovery > reduced oil demand > lower price oil > western oil company's reserves decline > also profits.
Slow recovery > reduced oil demand > lower price oil >SANCTION RUSSIAN OIL > reduced oil supply cancels out reduced demand > western oil company's reserves decline less > dip profits maximized.
The time has come for the European Union to completely disassociate the planning and execution of its foreign policy from the US.
This is what Vicky Nuland wants. Right?
at the heart of the ongoing conflict is nothing more than Europe's addiction to Russian energy....
NO NO, hart of conflict is colapsing economy&export, natural DEFLATION etc. That will all be "solved" with new trade war, isolation, sanctions which will "help" EU companies and cut more than 50% of energy supplies from russia. Than prices will go to sky and all money printing can continue moar and moar cause everybody will beg for "help" from central printers... Imagine typical EU country with huge debt and interests and its tax cash flow in deflation? ... that's why money printing game must go on and on and we must hate eachother and go to wars etc etc
"Here it appears that Europe's unelected leaders are somehow deluding themselves that if faced with escalating sanctions, Russia will not unilaterally cut off the gas to Europe."
Sometime in late November or early December would work a treat.