US Foreign Policy Did Not Change, Here’s Why
Russian President Vladimir Putin, center, speaks to workers while visiting the Rosneft oil refinery in the Black Sea port of Tuapse, southern Russia, Friday, Oct. 11, 2013. At left is CEO of state-controlled Russian oil company Rosneft Igor Sechin. (AP/RIA-Novosti, Alexei Nikolsky)
Harvard University professor Dr. Marshall Goldman has been quoted as saying “It is understandable why the Russian people regard Vladimir Putin as their savior.”
The success of Putin’s leadership in Russia, and the basis for anti-Russian fanaticism from the USA and its NATO allies, is based on two entities: Gazprom and Rosneft.
As a student writing his doctoral thesis, Vladimir Putin wrote about the concept of “national champions” or corporations that would work, not just for their own profits, but for the benefit of the country. He wrote: “the process of restructuring the national economy must have the goal of creating the most effective and competitive companies on both the domestic and the world markets.”
As he moved into power at the very end of the 20th century, Putin implemented a swift set of economic reforms. He created a 13% flat tax, but most importantly, he began to build up two state-controlled corporations to become central in the economy.
By 2006, Gazprom, an entity controlled by the Russian government, had a legal monopoly on exporting the country’s natural gas. British Petroleum among other players controlled by foreign entities or domestic oligarchs, was pushed out of the business.
By 2011, Gazprom accounted for 17% of all natural gas production in the world, and 18.4% of the world’s natural gas reserves. While Gazprom provides natural gas inside Russia at a reduced rate as a stimulus to the domestic economy, it exports gas to 25 different countries. Roughly 60% of Gazprom’s revenue comes from foreign markets. 38% of the European Union’s natural gas is now imported from Russia.
Why does Wall Street hate Gazprom? The reason is simple. Every ounce of natural gas that France, Italy, Germany, Czech Republic, Turkey, Austria, Romania, Bosnia and Herzegovinia, Poland, Bulgaria, Finland, Macedonia, Latvia, and Lithuania buy from Russia, is an ounce of natural gas that is not purchased from US and London based suppliers. This state controlled, super productive, revenue creating entity Putin has created cuts into the market, and their profits. Gazprom has been great for the Russian people, who saw their economy vastly expand, but it has been very bad for many billionaires in the USA and Britain.
Rosneft, the state-controlled oil company also expanded. It was the 51st largest company in the entire world as of 2016. Rosneft sells oil across the planet, not just in Europe, but also in places like India. British Petroleum and other western corporations have been forced to cooperate with Rosneft, and allow them into the picture as the artic shelf is opened up for oil and natural gas extraction.
China has rapidly continued to grow over the last several decades, needing to import more fuel to feed their growing apparatus of production. Russia has been supplying them with an increasing amount of the oil and natural gas. In 2014, Gazprom agreed to provide China with 38 billion cubic meters of natural gas every year. In 2019, the Power of Siberia pipeline, currently under construction, will begin delivering natural gas to the People’s Republic.
www.fotavgeia.blogspot.com
Russian President Vladimir Putin, center, speaks to workers while visiting the Rosneft oil refinery in the Black Sea port of Tuapse, southern Russia, Friday, Oct. 11, 2013. At left is CEO of state-controlled Russian oil company Rosneft Igor Sechin. (AP/RIA-Novosti, Alexei Nikolsky)
Harvard University professor Dr. Marshall Goldman has been quoted as saying “It is understandable why the Russian people regard Vladimir Putin as their savior.”
The success of Putin’s leadership in Russia, and the basis for anti-Russian fanaticism from the USA and its NATO allies, is based on two entities: Gazprom and Rosneft.
As a student writing his doctoral thesis, Vladimir Putin wrote about the concept of “national champions” or corporations that would work, not just for their own profits, but for the benefit of the country. He wrote: “the process of restructuring the national economy must have the goal of creating the most effective and competitive companies on both the domestic and the world markets.”
As he moved into power at the very end of the 20th century, Putin implemented a swift set of economic reforms. He created a 13% flat tax, but most importantly, he began to build up two state-controlled corporations to become central in the economy.
By 2006, Gazprom, an entity controlled by the Russian government, had a legal monopoly on exporting the country’s natural gas. British Petroleum among other players controlled by foreign entities or domestic oligarchs, was pushed out of the business.
By 2011, Gazprom accounted for 17% of all natural gas production in the world, and 18.4% of the world’s natural gas reserves. While Gazprom provides natural gas inside Russia at a reduced rate as a stimulus to the domestic economy, it exports gas to 25 different countries. Roughly 60% of Gazprom’s revenue comes from foreign markets. 38% of the European Union’s natural gas is now imported from Russia.
Why does Wall Street hate Gazprom? The reason is simple. Every ounce of natural gas that France, Italy, Germany, Czech Republic, Turkey, Austria, Romania, Bosnia and Herzegovinia, Poland, Bulgaria, Finland, Macedonia, Latvia, and Lithuania buy from Russia, is an ounce of natural gas that is not purchased from US and London based suppliers. This state controlled, super productive, revenue creating entity Putin has created cuts into the market, and their profits. Gazprom has been great for the Russian people, who saw their economy vastly expand, but it has been very bad for many billionaires in the USA and Britain.
Rosneft, the state-controlled oil company also expanded. It was the 51st largest company in the entire world as of 2016. Rosneft sells oil across the planet, not just in Europe, but also in places like India. British Petroleum and other western corporations have been forced to cooperate with Rosneft, and allow them into the picture as the artic shelf is opened up for oil and natural gas extraction.
China has rapidly continued to grow over the last several decades, needing to import more fuel to feed their growing apparatus of production. Russia has been supplying them with an increasing amount of the oil and natural gas. In 2014, Gazprom agreed to provide China with 38 billion cubic meters of natural gas every year. In 2019, the Power of Siberia pipeline, currently under construction, will begin delivering natural gas to the People’s Republic.
www.fotavgeia.blogspot.com
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