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Russia Nears Completion Of Second "Holy Grail" Gas Deal With China

Tyler Durden's picture




 

Six months ago, something few had expected would take place in 2014, or even in the coming years, happened: under Western pressure and out of a desire to diversify away from an increasingly hostile European market, Russia signed the so-called "Holy Grail" gas deal with China, pivoting away from the west and toward with Beijing.

As part of the deal, the two nations reached a $400 billion agreement to construct the Power of Siberia pipeline, which will deliver 38 billion cubic meters (bcm) of gas to China. The compromise was a lower price than Gazprom would have otherwise hoped for, however in taking a cue right out of Amazon, "Russia would make up in volume what it lost in price." This eastern route will connect Russia’s Kovykta and Chaynda fields with China, where recoverable resources are estimated at about 3 trillion cubic meters.

And then today, with little fanfare, Russia's president Putin - whose economy is said to be reeling as a result of a plunging currency, paradoxically something Japan would love to be able to achieve on such short notice - told the media ahead of his visit to the Asia Pacific Economic Conference on November 9-11, that Moscow and Beijing have agreed many of the aspects of a second gas pipeline to China, the so-called western route, or as some already are calling it, the "second holy grail."

We have reached an understanding in principle concerning the opening of the western route,” Putin said. "We have already agreed on many technical and commercial aspects of this project laying a good basis for reaching final arrangements,” the Russian President added.

As RT reports, the opening of the western route, the Altai, would link Western China and Russia and supply an additional 30 bcm of gas, nearly doubling the gas deal reached in May.

Once the Altai route is completed, China will become Russia’s biggest gas customer, able to receive up to 68 bcm of gas annually, surpassing the 40 bcm Russia supplies Germany each year.

 

Furthermore, now that the western embargo against Russia has made any ongoing cooperation between the western majors and Russia, especially in the Arctic region, virtually impossible if only for the time being, Russia has no choice but to entice China to accept the part of the provider of capital investment and technical know how (arguably reverse engineered from the best western firms). Which is why Russia has already offered Chinese companies a stake in large energy fields. In September, Russia’s largest oil company, Rosneft, offered China a share in its second-largest oil field, Vankor in the Krasnoyarsk region in Eastern Siberia. The area is estimated to have reserves of 520 million metric tons of oil and 95 billion cubic meters of natural gas.

“We have built and put into operation an oil pipeline from Russia to China and concluded agreements providing for the increase in crude oil supplies,” Putin said.

 

China will participate in joint exploration and extraction of crude oil and coal in Russia, and work on a jointly funded oil refinery in China has started.

And while Putin will be planning how to further expand the Russia-China energy symbiosis without losing too much of his own leverage, he will be joined by Russia's Foreign Minister Sergey Lavrov, who will reportedly meet with his US counterpart John Kerry. Judging by the recent escalation in Ukraine, the two will have much to discuss.

And yet, it is increasingly the case that Russia is happy to leave the west and its petrodollars behind (something Obama is hardly excited about), instead chosing to be paid in Gas-o-yuans or rubles.

“Strengthening ties with China is a foreign policy priority of Russia. Today, our relations have reached the highest level of comprehensive equitable trust-based partnership and strategic interaction in their entire history. We are well aware that such collaboration is extremely important both for Russia and China,” Putin President said.

And as Europe slowly slides into depression having lost a major trade partner, China's trade with Russia, and obviously vice versa, is surging: overall trade between Russia and China increased by 3.4% in the first half of 2014, reaching $59.1 billion, and the two neighbors expect annual trade to reach $200 billion by 2020. China is Russia’s second-biggest trading partner after the EU.

And just in case the two host central banks opt out of wiring or reciving USD-denominated payments, or are prohibited to do so should SWIFT escalate and expel Russia from the organization, recall that the central banks of the two countries recently signed a three-year ruble-yuan currency swap deal worth up to $25 billion, in order to boost trade using national currencies and lessen dependence on the dollar and euro.

Said otherwise, front page coverage of Russia, and its Chinese pivot, may have slowed down in recent weeks, but the motions behind the scenes are anything but over. And while the developed world is increasingly withdrawing from trade with itself and the BRICs, instead relying increasingly more on outright currency devaluation to boost "wealth", it is the two superpowers of China and Russia that are approaching the future the right way. The "exorbitant privilege" of having their own reserve currency will arrive in due course.

 

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Fri, 11/07/2014 - 19:36 | 5425575 Freddie
Freddie's picture

Heads are exploding at The Zio-US State Department and at ZATO.

Fri, 11/07/2014 - 19:44 | 5425604 linniepar
linniepar's picture

Seems Russia can always export balls of steal too. That and timezones.

Fri, 11/07/2014 - 19:56 | 5425653 zerozulu
zerozulu's picture

----->in Ruble, Yuan or Gold?

----->in US$

Fri, 11/07/2014 - 19:58 | 5425673 knukles
knukles's picture

Everyone has a plan until they get punched in the mouth.
      -guess who?

Fri, 11/07/2014 - 20:14 | 5425720 COSMOS
COSMOS's picture

Will there be any gas left for the Euroshitz?

I guess they can fart and light them up to stay warm.

Also must suck to lose a huge Russian market for the sake of tens of millions of USA Welfare queens.

Fri, 11/07/2014 - 20:37 | 5425822 strannick
strannick's picture

''He who controls the world island controls the world''

Russian resources plus Chinese manufacturing and markets, who needs the world. Especially when its only American debt and wars anyway.

America ruins the world to rule it.

Fri, 11/07/2014 - 21:27 | 5426008 Bangalore Equit...
Bangalore Equity Trader's picture

Listen.

Funny how they just ignore the USSA. That's what pisses those fucking egomaniacal Americans off the most.

THey "THINK" that they control all in the world. "THINK" American Zero's, think.

Fri, 11/07/2014 - 21:36 | 5426037 Tegrat
Tegrat's picture

World's hard-on for putin and yo-men-ilk gonna bite them not on the ass but in it.

One day they will all fondly remember when Americans ran things.

 

Fri, 11/07/2014 - 22:08 | 5426163 cnmcdee
cnmcdee's picture

Like Putin said 'Play time is over.'

Meanwhile Ayatollah Obama the Golfer in Chief will probably be summoned before the house of Rothchild's to explain US failures...

Fri, 11/07/2014 - 22:42 | 5426254 Amerikan Patriot
Amerikan Patriot's picture

When Vlad said play time is over, he meant that he's getting cranky and he needs to be put down for his nap.

Fri, 11/07/2014 - 23:16 | 5426337 TahoeBilly2012
TahoeBilly2012's picture

Time for ISIS to learn how to cross country ski...

Sat, 11/08/2014 - 01:48 | 5426633 guliaka
guliaka's picture

Just imagined that. Laughed by butts off. ISIS going into Russia does not have even smallest chanse to survive

Sat, 11/08/2014 - 05:56 | 5426787 zhandax
zhandax's picture

H/T Pinto; one of the more interesting reads I have come across lately...    http://www.storyleak.com/putin-defies-the-west-leads-brics-alliance-away-from-nwo-reservation/  A bit too ebullient in tone, but consistent with what I have observed.

Sat, 11/08/2014 - 06:51 | 5426825 old naughty
old naughty's picture

interesting this was referred to by Pinto C. above and then here, in a short space...

here's another one, in a space of 2 days:  http://www.caseyresearch.com/articles/putin-signs-secret-pact-to-crush-n...

coincidence, or all playing out according to an agenda?

Sat, 11/08/2014 - 22:43 | 5428639 StychoKiller
StychoKiller's picture

Burnoose, Burkha, tablecloth on the haid ain't no substitute for this... :>D

Fri, 11/07/2014 - 23:02 | 5426300 Anusocracy
Anusocracy's picture

"One day they will all fondly remember when Americans ran things."

Sure.

All those countries that were the beneficiaries of the 201 attacks the US did on them are going to remember them fondly.

Idiot.

Fri, 11/07/2014 - 23:07 | 5426315 roddy6667
roddy6667's picture

The Zionists are scared. America is the host and they are the parasites.
The host is dying.

Fri, 11/07/2014 - 23:18 | 5426343 TahoeBilly2012
TahoeBilly2012's picture

They are trying to kill the host in a JIT manner. It still make happen. 

Sat, 11/08/2014 - 01:36 | 5426623 tvdog
tvdog's picture

Where will the parasites go when their host is dead?

Sat, 11/08/2014 - 05:24 | 5426784 COSMOS
COSMOS's picture

I thouht they were already taking Chinese Brides, Look at Mordechai Murdoch and Pimplestein Zuckerberg to name just a few

Sat, 11/08/2014 - 06:47 | 5426820 escapeefromOZ
escapeefromOZ's picture

It is the 2nd time in 80 years . First they killed Germany now it's the USA turn . 

http://www.biblestudysite.com/judeawar.htm

Where will the tribe from hell go ? 

Israhell needs billions to survive every year and people are already escaping from it . May be return to Germany and do their usual crap as usual , infiltration , political control, looting ... destruction ? 

Sat, 11/08/2014 - 15:19 | 5427556 tired1
tired1's picture
Leaked report: Israel acknowledges Jews in fact Khazars; Secret plan for reverse migration to Ukraine http://blogs.timesofisrael.com/leaked-report-israel-acknowledges-jews-in...
Fri, 11/07/2014 - 21:59 | 5426127 sun tzu
sun tzu's picture

Maybe the Eurotards can join the USSA in boycotting China next.

Sat, 11/08/2014 - 03:35 | 5426729 roddy6667
roddy6667's picture

They can't go to China, change their name from Kohn to Kerry and hope nobody notices. No Jews in China. They are onto them. They export stuff to American retailers and take thir money, but they are not allowed into any position of influence inside China.

Sat, 11/08/2014 - 05:27 | 5426789 COSMOS
COSMOS's picture

Can't say that Murdoch isnt trying to get a foothold in China, I am sure his two little CHEWIES will be groomed and financed by the World J Congress/Red Shields to take over all media in China in the future

Sat, 11/08/2014 - 00:03 | 5426470 Kirk2NCC1701
Kirk2NCC1701's picture

"Will there be any gas left for the Eurosluts?"

A: Yes... "We will fart in your general direction and wave our private parts at your aunties -- you English bed-wetting types, you sons of window dressers."

Fri, 11/07/2014 - 20:52 | 5425892 Paveway IV
Paveway IV's picture

Another interesting take on Putin taking business away from the NWO reservation. 

Except this is the CIA's take delivered through German media. You already know what the CIA wants everyone to think about Putin. This story is about how fast the German public  DUMPED the major online news outlets when this was revealed. Unintended consequences. Turns out they don't care to be spoon-fed U.S. propaganda. Who would have thought?

I remember back in the day when the CIA's evilness was top-notch and respected by fascists and despots alike throughout the known world.

They must have outsourced in the last decade - quality has gone right down the tubes. 

Fri, 11/07/2014 - 21:07 | 5425941 Freddie
Freddie's picture

Maybe Amerikans may wake up someday and drop Z-TV and Ziollywood run by Rahm's brother the agent and his pals.

Sat, 11/08/2014 - 10:36 | 5426997 BigJim
BigJim's picture

 This story is about how fast the German public  DUMPED the major online news outlets when this was revealed. Unintended consequences. Turns out they don't care to be spoon-fed U.S. propaganda. Who would have thought?

I remember back in the day when the CIA's evilness was top-notch and respected by fascists and despots alike throughout the known world.

They must have outsourced in the last decade - quality has gone right down the tubes.

The internet is making their job exceedingly difficult. Most people can't see the bullshit until someone unpegs their nose and then they say - whoa! how did I not see that it's all bullshit? The smell is overpowering!

The internet is the great sinus-clearer. And that's why they're trying to get internet neutrality ended - it's the beginning of getting the tools in place to enable internet censorship.

Fri, 11/07/2014 - 22:28 | 5426225 Escrava Isaura
Escrava Isaura's picture

 

 

Pinto Currency

I think you’ll appreciate this.

 

It’s by “Foreign Affairs”, the journal of the Council on Foreign Relations, that’s as central to the ruling establishment, as you can get.

 

Here’s a ‘Quick’ Excerpt:

Elites in the United States and Europe have been blindsided by events only because they subscribe to a flawed view of international politics. They tend to believe that the logic of realism holds little relevance in the twenty-first century and that Europe can be kept whole and free on the basis of such liberal principles as the rule of law, economic interdependence, and democracy.

But this grand scheme went awry in Ukraine. The crisis there shows that realpolitik remains relevant -- and states that ignore it do so at their own peril. U.S. and European leaders blundered in attempting to turn Ukraine into a Western stronghold on Russia’s border. Now that the consequences have been laid bare, it would be an even greater mistake to continue this misbegotten policy.

 

http://www.foreignaffairs.com/articles/141769/john-j-mearsheimer/why-the-ukraine-crisis-is-the-wests-fault

 

 

Sat, 11/08/2014 - 01:48 | 5426632 Pinto Currency
Pinto Currency's picture

 

 

Thanks Escrava

Europe and the US seem to understand now the complete stupidity - never mind the destructiveness - of this game played in Ukraine.

And reality waits at the front door with a frying pan to pound Andy Cap at the end of the night.

Sat, 11/08/2014 - 05:49 | 5426794 COSMOS
COSMOS's picture

...the United States had invested more than $5 billion since 1991 to help Ukraine achieve “the future it deserves.” As part of that effort, the U.S. government has bankrolled the National Endowment for Democracy. The nonprofit foundation has funded more than 60 projects aimed at promoting civil society in Ukraine, and the NED’s president, Carl Gershman, has called that country “the biggest prize.”

LOL another AIPAC jobs program success story eh Carl Gershman? Right up there with all the other schmucks in the administration and their Uncle Tobama

The future it deserves according to the US means a total slave to the dollar and lebensraum for the J crew looking for large estates of cheap valuable farmland.  Crimea was supposed to be their Tel Aviv 2.0 but it didnt quite turn out the way they planned, after all Crimea has some of the best coastline, if not the best, to be found in ALL of Europe, Mediterranean or Black Sea.  I am sure Nuland had dibs on some of the Mansions built by the nobility during Czarist times.  She would of gone by her pet name... CZARINA of the CRIMEA, I mean the tribe loves the title Czar, didnt one of them just become Ebola Czar

 

Sat, 11/08/2014 - 10:41 | 5427002 BigJim
BigJim's picture

Carl Gershman, from Wikipedia:

In 1968, he worked in the research department of B'nai B'rith, and in 1972 he served on the Governing Council of the American Jewish Committee.[5]

Great. Another fucking Irishman.

Sat, 11/08/2014 - 07:45 | 5426867 OW My Balls
OW My Balls's picture

Hey Pinto ~ Thanks for that article link <above>. It was fantastic.

Fri, 11/07/2014 - 19:47 | 5425608 kaiserhoff
kaiserhoff's picture

So Putin can negotiate two pipelines with China in a few weeks,

  and Barry can't handle a done deal with Canada in six years?

How do you say pussy in Ruskie?

Fri, 11/07/2014 - 19:58 | 5425664 Pooper Popper
Pooper Popper's picture

How do you say pussy in Ruskie?

 

  obama!

Fri, 11/07/2014 - 20:01 | 5425681 kowalli
kowalli's picture

How do you say pussy in Ruskie? - pussy as a woman organ - pizda

Fri, 11/07/2014 - 20:09 | 5425716 ChiangMai
ChiangMai's picture

"...and Barry can't handle a done deal with Canada..."

Well, there's your problem, right there.

Fri, 11/07/2014 - 20:15 | 5425739 kaiserhoff
kaiserhoff's picture

Well played, Sir.  Lot's of truthiness in that contrast.

Fri, 11/07/2014 - 21:00 | 5425925 logicalman
logicalman's picture

Two PR shots.

More about the intended audience than anything else.

Still says a lot.

Sat, 11/08/2014 - 00:16 | 5426490 Kirk2NCC1701
Kirk2NCC1701's picture

I was thinking that O doesn't do well with Canada's national animal: the Beaver (biol. Castor Canadensis), which sounds an awful lot like a "Canadian castration".

Fri, 11/07/2014 - 22:55 | 5426282 sun tzu
sun tzu's picture

It's not that Obozo can't close the Keystone pipeline deal, it's Uncle Warren doesn't want it closed. He's making a fortune having the oil brought over by rail. 

Sat, 11/08/2014 - 00:20 | 5426507 Kirk2NCC1701
Kirk2NCC1701's picture

Bingo! A few of us (myself included) have made the same observation last year.

Nice to see an informed blogger, not just an opinionated one. :-)

Sat, 11/08/2014 - 06:07 | 5426809 SoDamnMad
SoDamnMad's picture

Kaiserhoff

If you  read the first sentences it says Russia is getting well less than what it gets from Europe for gas.  It also doesn't say who is paying for the pipeline and infrastructure. In the first pipeline Russia was paying for the pipeline , pumping stations (equipment possible sanctioned hence they will have to use the Chinese "knock-offs") right up to the border and China was paying for the distribution network within China. Since Russia is sucking for capital it seems the second pipeline will also be nearly free gas and China will up front some of the infrastructure in Russia.  This really doesn't sound like a win-win for Russia in either pipeline. Just saying.  How is the weather in St. Pete?  +4

Sat, 11/08/2014 - 13:16 | 5427301 Volkodav
Volkodav's picture

nearly free gas?

Sat, 11/08/2014 - 07:46 | 5426868 dojufitz
dojufitz's picture

Pussikie.

Fri, 11/07/2014 - 20:42 | 5425847 SteveNYC
SteveNYC's picture

Read here for unbiased reporting: http://www.news.com.au/world/europe/ukraine-says-russia-has-sent-in-tank...

 

And a laugh.

Fri, 11/07/2014 - 21:13 | 5425966 Freddie
Freddie's picture

Unbiased?  LOL!  The Aussie and NZ See Eye Aye newspapers reported JFK's murder by LBJ-MIC before any bullets were even fired.  They screwed up the timing on that one.

Fri, 11/07/2014 - 21:36 | 5426038 SteveNYC
SteveNYC's picture

You get it....

Fri, 11/07/2014 - 21:22 | 5425993 takeaction
takeaction's picture

My Man Crush for Putin keeps getting bigger and stronger.  We have yet to have a leader like this of the United States since I have been alive.

Sat, 11/08/2014 - 03:33 | 5426726 Tall Tom
Tall Tom's picture

May God forbid we ever do.

 

Stop seeking others to lead you and LEAD YOURSELF.

Sat, 11/08/2014 - 07:47 | 5426869 dojufitz
dojufitz's picture

That's because he is not a politician.....he is KGB.......he does not think like a politician.

Sat, 11/08/2014 - 09:49 | 5426946 Lea
Lea's picture

"That's because he is not a politician.....he is KGB.......he does not think like a politician."

Yes, he is and he does. Back then, the KGB was the closest thing to Harvard's Department of government you could get in the then-USSR. America is the country where politicians don't think like politicians. More like crafty businessmen, I'd say.

Sat, 11/08/2014 - 11:42 | 5427098 steveharless
steveharless's picture

KINDA LIKE GEORGE BUSH SR??? MR. CIA himself!

Fri, 11/07/2014 - 21:44 | 5426074 motor_angel
motor_angel's picture

my roomate's step-mother makes $75 hourly on the internet . She has been without a job for 5 months but last month her paycheck was $20377 just working on the internet for a few hours. Get More Info... www.Yelptrade.com

Fri, 11/07/2014 - 22:08 | 5426158 cnmcdee
cnmcdee's picture

Her poor vagina must be floppier than dumbo's elephant ears after that much 'working on the internet'

 

Fri, 11/07/2014 - 22:17 | 5426187 takeaction
takeaction's picture

She has a deal for first timers...$15 bucks.   Damn  $20377 divided by $15 =1358 Tricks.....She is one busy girl.

Sat, 11/08/2014 - 03:35 | 5426727 Tall Tom
Tall Tom's picture

Better than my math.

Fri, 11/07/2014 - 23:09 | 5426325 roddy6667
roddy6667's picture

Your roommate's stepmother is a truck stop hooker and meth head.

Fri, 11/07/2014 - 22:05 | 5426148 Bloppy
Bloppy's picture

Best magazine cover ever.

 

In Korea, no Irish need apply!

http://tinyurl.com/pxygp5z

Fri, 11/07/2014 - 22:10 | 5426165 Infinite QE
Infinite QE's picture

Lol. I think the Koreans per capita alcohol consumption is 10x that of Ireland. They're the biggest drunkards in Asia.

Fri, 11/07/2014 - 22:28 | 5426229 cnmcdee
cnmcdee's picture

We are already in a economic war with Russia.

 - Notice IMMEDIATELY AFTER THE ELECTION - how Putin orders whole tank columns into the Ukraine?...

 - Saud and OPEC nations are deliberately dumping oil onto the market at supressed rates with the full intention of choking Russian revenue.

 - Clearly CIA operations are in full swing against Russian markets, and the Russian currency which is tumbling.

 - Russia is countering with large gas deals with China, and embargoes of NG to Ukraine.

 - Putin orders up a plethora of Northern bases and power projection points into the high artic.

Fri, 11/07/2014 - 19:36 | 5425576 wmh_ZH
wmh_ZH's picture

China ain't no dummy.

They see how Putin is using oil/gas to grab Europe by their short & curlies. 

China will distribute the imports to not become dependent on one source.

Fri, 11/07/2014 - 19:51 | 5425631 Winston Churchill
Winston Churchill's picture

Really ?

Putin has made a point of not doing that. Europes problems are self inflicted by

sucking Uncle Scams flagpole, and backflowing gas to the Uke nazis.

Ukraine is another matter, but I'm sure you would expect to get cut off if you didn't pay

your utility bills.

Fri, 11/07/2014 - 20:18 | 5425747 ChiangMai
ChiangMai's picture

"...Putin is using oil/gas to grab Europe by their short & curlies..."

Is that what NYT-CNN-AP-WaPo-ABC-CBS-MSNBC-Fox-HuffPo-Reuters-BBC-NPR-PBS… is claiming?

Actually Russia (I believe that's what you meant by "Putin") has never reneged on a contract, and certainly not for political reasons — an odd concept for the US that, unlike Russia, has nothing to offer the world except arrogance, followed by threats, followed by chaos, destruction, and death.

Sat, 11/08/2014 - 03:18 | 5426715 August
August's picture

>>>the US that, unlike Russia, has nothing to offer the world except arrogance, followed by threats, followed by chaos, destruction, and death.

Accurate enough, but you're forgetting America's cutting-edge financial innovation. That, and the current broadcast season is packed with real game-changing programs.  And.... there's Obama!

Sat, 11/08/2014 - 04:15 | 5426757 Mario55
Mario55's picture

You just forget the trifle WWII

Fri, 11/07/2014 - 21:05 | 5425937 logicalman
logicalman's picture

China ain't no dummy.

Now there's a statement to conjour with.

So, countries now have intentions??

The American psychopaths play silly games with the Chinese psychopaths while the Russian psychopaths play games with both.

Meanwhile, the rest of humanity tries to feed, clothe and house themselves as the aforementioned psychopaths steal more and more from them.

Wake the fuck up, folks.

Face the real problem.

Sat, 11/08/2014 - 02:45 | 5426682 sun tzu
sun tzu's picture

The whole world is run by psychos, it's just some are more powerful than others

Fri, 11/07/2014 - 19:38 | 5425580 techstrategy
techstrategy's picture

Ultimately,  society must reward those that create value,  nor parasitic control of the money supply.   

Fri, 11/07/2014 - 19:40 | 5425589 Freddie
Fri, 11/07/2014 - 19:50 | 5425626 dogbreath
dogbreath's picture

Whats his name?  Fonestar?  he loves you

Sat, 11/08/2014 - 07:53 | 5426874 OW My Balls
OW My Balls's picture

Silly you ~ This is fonestars bitcoin factory.

 

http://ciburbanity.com/wp-content/uploads/2013/08/super-computer-nerd.jpeg

Fri, 11/07/2014 - 19:53 | 5425639 Yen Cross
Yen Cross's picture

 

Amazing!  Freddie that was eye~opening.

 Nice work

Fri, 11/07/2014 - 21:27 | 5426013 Freddie
Freddie's picture

LOL!  Isn't that wild?  I ran across it. And guys, I am not pimping bitcoins.

What I found odd was anyone who has ever been in a US server room, they are usually 50 F degrees or colder.  The bitcoin mine in Iceland circulates icewater and practically opens the windows in winter.  LOL!

This Chinese one is practically in a jungle and the temp is 105 deg F.  Poor bastards working there.

Here is the one in Iceland.Really short video but cool.

http://dealbook.nytimes.com/2013/12/21/into-the-bitcoin-mines/

Sat, 11/08/2014 - 00:20 | 5426508 DoChenRollingBearing
DoChenRollingBearing's picture

 

 

That was an excellent link, Freddie, to the Chinese BTC miner.  I wonder if that may be the well-known (infamous) "Discus Fish" mining pool, they are No. 1 in hashing power worldwide, with some 27% share.  Take a look:

https://blockchain.info/pools

Sat, 11/08/2014 - 01:12 | 5426574 Freddie
Freddie's picture

Here is another preety cool story that is BAD news for SillyCreep valley companies with hardware and software filled with spy shit.  Looks like the Chinese are building an En Ess Ahey proof network from Shanghai to Bejing. Fiber optic cable with a photon encryption.

I wonder how many countries and companies would like to buy this type of technology from China and Chinese hardware that could be spy-proof?   No one will really want that old IBM shit now.  They did it to themselves.

http://www.telegraph.co.uk/news/worldnews/asia/china/11216883/The-scienc...

Sat, 11/08/2014 - 00:51 | 5426570 palmereldritch
palmereldritch's picture

Great story.  Thanks for the link.

Early chronicles of derivative digital slavery and proto beta Matrix methinks

Fri, 11/07/2014 - 19:59 | 5425666 ebworthen
ebworthen's picture

What a waste when all that computing power could be used to help find cures for diseases:  http://folding.stanford.edu/

Fri, 11/07/2014 - 20:30 | 5425796 silverserfer
silverserfer's picture

those poor chinamen. Probably have the black lung by now working in those horrid conditions.

Sat, 11/08/2014 - 00:54 | 5426578 palmereldritch
palmereldritch's picture

They built the last railway didn't they?

Fri, 11/07/2014 - 21:30 | 5426019 Freddie
Freddie's picture

I wish Amerika could find a cure for Obola.  I am afraid this round of Nov election medicine means just a minor slowing of the disease.

Stanford?  LOL!  Hotbed for the intel agencies, MIC and the police state.

Sat, 11/08/2014 - 03:05 | 5426701 ebworthen
ebworthen's picture

Well, you know, if there are actually bright kids there actually trying to cure diseases like Alzheimer's, good on them.

I have to hope, dream, and try; it's all I've got left.

Fri, 11/07/2014 - 20:31 | 5425802 lakecity55
lakecity55's picture

is that the one that caught fire??

Sat, 11/08/2014 - 01:20 | 5426605 Freddie
Freddie's picture

The loss of machines in the Thailand fire was about $3.6 million in hardware.  It was a cheap building and server room setup with terrible wiring.  Probably an electrical fire.

Fri, 11/07/2014 - 22:24 | 5426208 takeaction
takeaction's picture

That was an amazing read...Thanks.....THey don't say how many coins they mine...$60,000 a month in power bills...damn.

Fri, 11/07/2014 - 19:40 | 5425585 sainchaw
sainchaw's picture

china and russia sitting in a tree

Fri, 11/07/2014 - 19:42 | 5425591 Freddie
Freddie's picture

Shitting on Yellen's head for you and me.

Fri, 11/07/2014 - 21:55 | 5426117 Kina
Kina's picture

Awesome...  never miss a chance these guys.

Fri, 11/07/2014 - 19:42 | 5425593 WTFUD
WTFUD's picture

Why would China wish to rely on the HOUSE OF SAUDOMY?

A big FUCK YOU TO SMERKEL & MIC.

Sat, 11/08/2014 - 04:45 | 5426774 ebworthen
ebworthen's picture

Hard to root for the U.S. and Europe after 2009 and the bailouts isn't it?

Go Russia, from a U.S. native.

Fri, 11/07/2014 - 19:42 | 5425597 Kaiser Sousa
Kaiser Sousa's picture

no this is some "change you can believe in..."
"bye, bye Miss America pie..."

Fri, 11/07/2014 - 19:46 | 5425599 ml8ml8
ml8ml8's picture

I doubt the Ruble will ever be considered a "reserve" currency by anyone.  Certainly not by the West and certainly not by the Chinese.  And when China pays Russia for all of that nat gas in Yuan, I'm sure the Russians will have a fun time spending it all at the great shopping mall of China.

Fri, 11/07/2014 - 20:14 | 5425737 WTFUD
WTFUD's picture

@ ml8 DoubleDick
Better than the Chinese or Russians spending it on a GMO Toastie from MacCLONEalds or Bugger Me King.

Fri, 11/07/2014 - 20:15 | 5425742 COSMOS
COSMOS's picture

Ehhh that is where the world shops dummy.  Why pay extra for using dollars and feeding the machine designed to destroy you.

Fri, 11/07/2014 - 21:33 | 5426033 Freddie
Freddie's picture

The US and US Dollars are just a middleman that China and Russia no longer need along with the others BRICs and others.

Fri, 11/07/2014 - 20:46 | 5425860 petkovplamen
petkovplamen's picture

Exactly, and if Europe keeps on being idiotc and USA lapdog, the Russkies will STOp buying anything from Europe.

/START SARCASM

Do you know how much this will benefit Europe's economy? Oh yeah....

 

/END SARCASM

Fri, 11/07/2014 - 20:54 | 5425897 angel_of_joy
angel_of_joy's picture

Sorry to spoil you party but the shopping malls "of America" are choke full of Chinese shit ! Try to buy something else and you have a BIG problem...

Fri, 11/07/2014 - 19:50 | 5425603 Yen Cross
Yen Cross's picture

 

I remember some traders bottom fishing usd/try last year.

  He's a real," Paragon of Virtue"

  and his sidekick

 Off on one of my NATO rants.

Fri, 11/07/2014 - 19:50 | 5425625 q99x2
q99x2's picture

What I wanna know is who the hell put the degenerate NWO in charge of the western world. Those jerks are morons.

Sat, 11/08/2014 - 03:00 | 5426695 Incubus
Incubus's picture

You can start at Woodrow Wilson, and hope he's burning in whatever afterlife you prefer.

 

 

Fri, 11/07/2014 - 19:50 | 5425627 booboo
booboo's picture

I don't claim to be a foreign policy wonk (I did sleep in the Ohare Holiday Inn once) but Russia and China are exposing the bare ass backside of Uncle Scam and what U.S. policy makers are doing to the russian ecomomy is chapping the russian peoples ass raw. Even during the coldest days of the cold war the russians secretly cheered for the United States.

You can kiss those days goodby because this government of ours has blown the shit out of a mountain of good will for generations to come.

Fri, 11/07/2014 - 21:59 | 5426060 Freddie
Freddie's picture

Yes but everyone must realize that the scum running the old USSR are the same scum running the west now.  Nudelam, Kagan, Schumer, Soros and their ilk.  Same people who's relatives left NYC in 1917 or so to start the Russian Revolution and who murdered the czar and his family.   Backed by western Z-banksters

Putin threw most of them out and Soros and the other zoligarch scum want Russia back.

Soros and his AIPAC-oligarch ilk own Congress and the White House especially McCain.  McCain is in Syria and Benghazi with ISIS, he  is with Soros in Davos, he is in Kiev with Porky, Yats, the hedi hair witch and the rest of the Ukie Zoligarchs. 

I sure hope the Russians realize that this same Nudelman scum were the same people who MURDERED tens of millions of Christian Russians.  Putin has even gone on record saying essentially that.

Fri, 11/07/2014 - 22:05 | 5426152 Infinite QE
Infinite QE's picture

Well said.

5000 Russian Leaders Oppose Zionist Supremacism

http://www.rense.com/general63/5000.htm

Fri, 11/07/2014 - 19:54 | 5425644 RaceToTheBottom
RaceToTheBottom's picture

Wow, there are Friggin Holy Grails all over the friggin place!!!!

Fri, 11/07/2014 - 19:54 | 5425646 trader1
trader1's picture

putin is the rockefeller of eurasia, bringing china full speed ahead into the 21st century.

keep that coal in the ground, tony ;-)

we don't want to be pollutin' the environment with nearly double the C02 emissions.  

 

Sat, 11/08/2014 - 03:21 | 5426717 trader1
trader1's picture

complete lack of humor for at least 4 hedgetards.  

or, stupidity?

 

Sat, 11/08/2014 - 12:59 | 5427264 Volkodav
Volkodav's picture

stupidity, yes...

yours

that comparison was inane

 

Sun, 11/09/2014 - 16:48 | 5430179 trader1
trader1's picture

try not to limit your imagination.

such wasted potential.

 

Fri, 11/07/2014 - 19:56 | 5425652 AgeOfJefferson
AgeOfJefferson's picture

Check to the dollar. Your move.

Fri, 11/07/2014 - 19:58 | 5425659 kchrisc
kchrisc's picture

The banksters to Putin: "You sank my dollar!"

An American, not US subject.

Fri, 11/07/2014 - 19:59 | 5425669 RaceToTheBottom
RaceToTheBottom's picture

So basically anything that the US has prohibited from selling to the Ruskies can be acquired via the Chinese.....

Fri, 11/07/2014 - 20:02 | 5425692 SheepDog-One
SheepDog-One's picture

Petroruble?

Fri, 11/07/2014 - 20:03 | 5425695 kowalli
kowalli's picture

USA buy all from China...

Fri, 11/07/2014 - 21:30 | 5426018 tarabel
tarabel's picture

 

 

Is that what they claim in Pravda? Just exactly who is China's #1 trading partner? Don't worry, I'll wait right here while you go check with the boss.

You back?

Okay then, so the idea is that Russia is going to get rich by selling cut rate gas to the Chinese, who will use this bonanza to make goods to sell to the Europeans and rake in a bunch of money-- a small pittance of which they will loan to the moronic Russians who managed to get themselves banned from selling to the big rich markets of the world through their oafish and menacing conduct.

This is what you'd call a triumph? Begging crumbs off the table of someone who is taking over all your business from your formerly best and closest trading partners? All because you want some crumbling coal mines that don't belong to you?

You guys may think you're the cat's meow on the chessboard but chinese checkers is definitely not your forte.

Fri, 11/07/2014 - 21:32 | 5426031 disabledvet
disabledvet's picture

It ain't like the yuan is collapsing.

Fri, 11/07/2014 - 22:19 | 5426195 tarabel
tarabel's picture

 

 

Closer than you realize. China keeps an iron grip on all financial stories coming out of the country.

You see what they want you to see. You think what they want you to think.

 

 

Sat, 11/08/2014 - 00:46 | 5426561 petkovplamen
petkovplamen's picture

So does USA and EU.  You really believe USA's data on inflation asnd unemployment? According to USS gov the inflation is 0.2%. Bought ANy food in any USA supermarket lately?

Sat, 11/08/2014 - 00:50 | 5426568 disabledvet
disabledvet's picture

Boy I sure hope the opposite isn't true or they're phucked.

Space lettuce people!  That's what will solve the worlds problems! Trust me on this!

Fri, 11/07/2014 - 22:27 | 5426224 Rock On Roger
Rock On Roger's picture

You're not so smart.

The $350 per 1000 m3 is approx $10 per mcf.

 

In North America

Nymex 2015 is $4.04 per mcf.

 

And the Russian gas is produced using cheap rubles.

Not over-valued dollars.

 

Your ranting proves the fool.

 

Fri, 11/07/2014 - 22:47 | 5426264 tarabel
tarabel's picture

 

 

Nice try, Rog, but you know, I repeat: you know that using an American mcf figure is being done strictly to mislead the casual readers. US domestic market is detached from world price due to flood of non-exportable frack gas. Right? Come on, just admit it. Right?

For this project, the Russian gas is produced using not-so-cheap Chinese yuan or it stays in the ground.

But let's take your own argument at its highly-misleading face value.

US price: 4.04

Price to China: 10.00

1) Looks like the US holds a huge competitive advantage to me.

2) Why would China pay 10.00 and have to fork out billions upfront for years in advance to finance the deal if it could find a better offer somewhere else?

3) The story itself says that GazProm is not happy at the price the Chinese gouged out of them but they have pissed off their regular customers and now have to take whatever shit deal China deigns to offer.

Thank you for playing and we do have some lovely parting gifts for you.

 

Fri, 11/07/2014 - 23:21 | 5426345 Rock On Roger
Rock On Roger's picture

North America has very little gas export capacity.

Where is there a better deal for China? You do realize that transport of LNG across oceans is very expensive?

Transport of gaseous natural gas via pipeline is very cheap.

Which competitive advantage does US hold?  Better drones for missile-ing brownie?

Maybe it is the honest leaders you have, or is it the football fans?

 

$350 to $400 per thousand m3 is not a shitty deal for either party.

Sat, 11/08/2014 - 00:47 | 5426562 petkovplamen
petkovplamen's picture

Havent you heard? The "fracking miracle" will be over next week if not already. Better read up on the news bucko.

Sat, 11/08/2014 - 12:53 | 5427255 Volkodav
Volkodav's picture

US holds huge competitive advantage?

That is some squirrely reasoning....

Sat, 11/08/2014 - 00:55 | 5426576 petkovplamen
petkovplamen's picture

tarabel, you need to update your news and check your anti-russian propaganda:

US, NATO say no evidence of new 'Russian invasion' of Ukraine

http://rt.com/news/203367-us-nato-russian-invasion/

 

Next time, maybe NATO needs to give the ukrainians some cameras or one of them new iPhones that have cameras on them so we can FINALLY see some evidence of that fantom "russiand invasion" Ukrane keeps on claiming.

Dont you feel stupid believing the 25 years of USA/NATO lies about iraq? I'd be ashamed to even open my mouth after I was made a fool 1 too many times.

Sat, 11/08/2014 - 02:35 | 5426671 bid the soldier...
bid the soldiers shoot's picture

tarabel

Russians who managed to get themselves banned from selling to the big rich markets of the world.

You are a hoot.  "big rich markets of the world."

Ha ha. Don't you live here in Tripledipistan with everybody else?

You must be otherworldly.  Nice. 

 


 

Sat, 11/08/2014 - 12:44 | 5427234 Volkodav
Volkodav's picture

The huge debt and derivatives is biggest rich market of all time...

Exceptional

Sat, 11/08/2014 - 06:41 | 5426818 king leon
king leon's picture

China has openly stated that she is preparing for war with her #1 trading partner due to the US fucking over chinese interests in Africa,M E,Asia. Now China,Russia,India... BRICS are fucking over US,EU, creating an independent economy, free from US$$ influence. The US "Capital" ship has already sank, the lifeboats are rotten and the sharks are circling. It's only a matter of time before the inflated balloon "rigged markets" go BANG!!!

Sat, 11/08/2014 - 06:41 | 5426819 king leon
king leon's picture

China has openly stated that she is preparing for war with her #1 trading partner due to the US fucking over chinese interests in Africa,M E,Asia. Now China,Russia,India... BRICS are fucking over US,EU, creating an independent economy, free from US$$ influence. The US "Capital" ship has already sank, the lifeboats are rotten and the sharks are circling. It's only a matter of time before the inflated balloon "rigged markets" go BANG!!!

Sat, 11/08/2014 - 12:41 | 5427227 Volkodav
Volkodav's picture

useless talkings

Sat, 11/08/2014 - 01:04 | 5426590 Freddie
Freddie's picture

Russia can buy it all on AliBaba. (sarc)

I posted above that this is sort of my idea but maybe others have said it elsewhere but it sort of boils it down to it's simplest form.

The US Dollar is like a middle man or a cost or a tax.  Now Russia, China, the other BRICs et al will be able to totally bypass this "cost" or tax by this middleman the USA. Why will you pay a fee to someone who threatens, drones, boimbs, sanctions, etc.

The dollar, in my mind, is a dinosaur.  The Internet and computers using some form of barter and a the yuan, gold or whatever will kill or are killing the dollar faster than Putin or China.

Who wants to pay this dollar tax? The sanctions and boycotts on Iran, Russia and others have only caused people to conceive ways to avoid the "dollar tax." 

Fri, 11/07/2014 - 19:59 | 5425674 SheepDog-One
SheepDog-One's picture

So then US FRN up another 5%, S&P up another 10% next week?

Fri, 11/07/2014 - 20:00 | 5425676 Stupid Donkey
Stupid Donkey's picture

There's nothing in western China, wtf are they going to do with 30 bcm of gas?

Fri, 11/07/2014 - 20:05 | 5425699 kowalli
kowalli's picture

I think China can make pipeline from western China to eastern China inside China...

Fri, 11/07/2014 - 20:19 | 5425754 paint it red ca...
paint it red call it hell's picture

Damn, utilizing critical thinking, impressive......

Sat, 11/08/2014 - 00:44 | 5426557 OW My Balls
OW My Balls's picture

Uncle Warren will put a stop to that ~ lol

Fri, 11/07/2014 - 21:09 | 5425951 logicalman
logicalman's picture

I see now where you get your name from, assuming you really are a donkey!

Fri, 11/07/2014 - 21:19 | 5425981 tarabel
tarabel's picture

 

 

Obviously, its going to provide heat and light for all the ghost cities and nomadic encampments.

Fri, 11/07/2014 - 21:47 | 5426091 Freddie
Freddie's picture

It won't be a Teamsters pipeline job that will take 20 years.  The Russians and Chinese can probably install 10 miles of pipeline a day.

Sat, 11/08/2014 - 12:35 | 5427219 Volkodav
Volkodav's picture

that's a stupid ass question

Fri, 11/07/2014 - 20:01 | 5425685 ffidelite
ffidelite's picture

Altai is very expensve project.
It was rejected by this reason in 2006
http://www.forbes.ru/kompanii/resursy/272421-kto-i-kak-prinimaet-resheni...

Fri, 11/07/2014 - 20:19 | 5425755 COSMOS
COSMOS's picture

Forbes is just another arm of the misinformation media arm of the Banksterz

Fri, 11/07/2014 - 20:47 | 5425872 Volkodav
Volkodav's picture

Better than dealing with thieving Ukraine Oligarchs.

Fri, 11/07/2014 - 21:16 | 5425964 tarabel
tarabel's picture

 

 

You think.

Turning Siberia into a Chinese extraction colony like darkest Africa is not my idea of a Russian diplomatic triumph but it may be yours. Perhaps we just have different understandings as to what truly constitutes national ankle grabbing. 

Fri, 11/07/2014 - 21:38 | 5426048 kowalli
kowalli's picture

Turning Siberia into a Chinese extraction colony- where are you got this infomation? mb you can give us a link? no? i think so too

Fri, 11/07/2014 - 22:04 | 5426122 tarabel
tarabel's picture

 

 

Read the story, Zhukov. What does it say?

1) China is paying to build a pipeline through a wilderness area to provide gas to CHINA.

2) China is taking a direct interest in Russian oil fields.

3) China is providing the money, the engineering expertise, the steel (I assume), and the technology which the primitive Russians DO NOT POSSESS.

4) Without foreign assistance, none of these things are possible through the efforts of the Russians themselves.

To me, that looks like Siberia is being turned into a Chinese extraction colony. To you, it looks like a cunning plan from the great Mirova Putinova that represents fervent affirmation of the glory of the Russian State.

One of us is probably wrong.

Fri, 11/07/2014 - 22:15 | 5426184 Rock On Roger
Rock On Roger's picture

So a Chinese extraction colony in Siberia

is worse than the american extraction colony

in Arabia?

Do NOT follow this link or you will be banned from the site!