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Vancouver Off-Topic / Current Events The off-topic forum for Vancouver, funnies, non-auto centered discussions, WORK SAFE. While the rules are more relaxed here, there are still rules. Please refer to sticky thread in this forum.

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Old 05-21-2014, 06:57 PM   #1
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China, Russia sign $400 billion gas deal

Russia, China sign natural gas deal worth $400B
Two powers sign deal that will see China buy Russian gas for 30 years


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Old 05-21-2014, 07:01 PM   #2
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what does this mean for the future? other than them being sticking fucking rich still.?
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Old 05-21-2014, 07:07 PM   #3
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wonder if this might mess up Christy Clark's LNG dream.
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Old 05-21-2014, 07:08 PM   #4
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Old 05-21-2014, 07:09 PM   #5
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what does this mean for the future? other than them being sticking fucking rich still.?
Things are going back to the way they were in the 80's, with the communist block on one side, the EU and USA on the other, and the 'third world' not meaning much at all.
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Old 05-21-2014, 07:18 PM   #6
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Things are going back to the way they were in the 80's, with the communist block on one side, the EU and USA on the other, and the 'third world' not meaning much at all.
When did it ever change?
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Old 05-21-2014, 08:18 PM   #7
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oh shit, over 5x Bill Gates net worth.
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Old 05-21-2014, 08:39 PM   #8
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It begins
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Old 05-21-2014, 08:40 PM   #9
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When did it ever change?
The world is a completely different place compared to then, in terms of economic power.

But overall yes, not a lot has changed politically has it
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Old 05-21-2014, 08:57 PM   #10
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In light of this, it doesn't seem like Russia is too worried about those recent economic sanctions for its invasion of Ukraine.
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Old 05-21-2014, 10:27 PM   #11
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if anything, those sanctions forced Russia's hand into making this deal... years of talks and suddenly they make a deal? Those sanctions must have been hurtin' pretty bad cause it sounds like Russia finally softened up a bit in the negotiations and China was able to capitalize on a weakening Russian economy
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Old 05-22-2014, 12:52 AM   #12
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The way I see this, it's a big fuck you to the West for instigating economic sanctions, and to also send a message to them that if they don't wish to buy Russian natural gas and petroleum (World's largest exporter), they will sell it to emerging markets in Asia instead.
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Old 05-22-2014, 01:09 AM   #13
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Prince Charles compared Putin to Hitler. I sense WW3 coming.
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Old 05-22-2014, 02:27 AM   #14
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if anything, those sanctions forced Russia's hand into making this deal... years of talks and suddenly they make a deal? Those sanctions must have been hurtin' pretty bad cause it sounds like Russia finally softened up a bit in the negotiations and China was able to capitalize on a weakening Russian economy
probably more of securing a cf and showing europe/usa that their sanctions really dont mean shit now

the sanctions cant/wont last because europe needs russia
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Old 05-22-2014, 02:31 AM   #15
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Read the fine print.. it is going to take a while for them to build the lines.. by the time the finish building, Russia won't have enough people to defend its borders. Russia is imploding due to its decreasing population.
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Old 05-22-2014, 03:22 AM   #16
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400 billion bucks is nothing... ESPECIALLY over 30 years...

8.227 trillion USD (2012)
China, Gross domestic product

2.015 trillion USD (2012)
Russia, Gross domestic product

1.821 trillion USD (2012)
Canada, Gross domestic product

i think the issue is china and russia not using the petrodollar lol.

"VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies."

only china and russia would dare do this, lol.
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Old 05-22-2014, 08:33 AM   #17
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In light of this, it doesn't seem like Russia is too worried about those recent economic sanctions for its invasion of Ukraine.
When were they ever scare lol. The sanctions isn't strict because Europe depends on Russia on natural gas so Europe won't dear to impose sanctions that's too strict and force Russia to stop supplying them energy. Is just all for shows, the only way Europe/US gets serious is if Russia tries to take the whole Ukraine by force or start a war.

As for the LNG project in Vancouver lot's of people don't think is a good idea. i read an article that even said we shouldn't rely too much on LNG to bring BC economy up........
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Old 05-22-2014, 06:20 PM   #18
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natural gas? so no pollution? or what?

im not an environmentalist, someone educate me, thanks
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Old 05-22-2014, 06:56 PM   #19
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Don't let the $400B number fool you -- the deal isn't as big as it seems because it is spread over a 30 year term. In terms of volume, it is less than a quarter of what Russia typically export to Europe. Additionally, only China is laughing in this deal because in typical Chinese fashion, they lowballed a desperate Russia and got themselves a steal -- their price is $350 per thousand cubic meters, $50 bucks less per unit than what the Russians had wanted, and $20 bucks less than what the Europeans currently pay. Furthermore, much of the infrastructure costs are born by Russia, not China.

So more than anything else, the details of this deal tell me that the Western sanctions are really hurting Russia. And if I, a regular Joe on the street, can come to this conclusion, certainly any Western strategist worth its weight can smell it miles away.
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Old 05-22-2014, 08:26 PM   #20
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400 billion bucks is nothing... ESPECIALLY over 30 years...
This
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Old 05-22-2014, 08:28 PM   #21
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natural gas? so no pollution? or what?

im not an environmentalist, someone educate me, thanks
Natural gas produces pollution when burned (as with pretty much everything), but it's considered to be one of the cleanest hydrocarbons.
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Old 05-22-2014, 08:31 PM   #22
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Originally Posted by Ulic Qel-Droma View Post
400 billion bucks is nothing... ESPECIALLY over 30 years...

8.227 trillion USD (2012)
China, Gross domestic product

2.015 trillion USD (2012)
Russia, Gross domestic product

1.821 trillion USD (2012)
Canada, Gross domestic product

i think the issue is china and russia not using the petrodollar lol.

"VTB, Russia’s second biggest lender, has signed a deal with Bank of China, which includes an agreement to pay each other in domestic currencies."

only china and russia would dare do this, lol.
Interestingly enough "Belgium" just purchased 140 billion of US treasury bonds... so keeping confidence in the petro dollar is key for the banking monopolies and this is why I think a royal had to make media wide personal insult and call Putin Hitler.

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From November 2013 through January 2014 Belgium with a GDP of $480 billion purchased $141.2 billion of US Treasury bonds. Somehow Belgium came up with enough money to allocate during a 3-month period 29 percent of its annual GDP to the purchase of US Treasury bonds.
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Old 05-22-2014, 10:59 PM   #23
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this just means Russia has nothing to worry in case of a Euro boycott of Russian gas. Solid year for Mr. Putin indeed so far.
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Old 05-24-2014, 07:01 PM   #24
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Natural gas produces pollution when burned (as with pretty much everything), but it's considered to be one of the cleanest hydrocarbons.
ah ok thanks
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Old 05-24-2014, 07:01 PM   #25
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seems like oil and gas industry is still a massive business and will always be
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