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Commodities Briefing - Categorized | Market Moves, Oil more

Russian-led ‘gas OPEC’ may emerge soon

Posted on 08 May 2014

John McCain, channeling America’s inner Mr. Hyde, has repeatedly stated that “the strategy of the US must be built in opposition to Russia’s gas strategy, as this will be the end of Putin and his empire”. Barack Obama promised to kick Gazprom out of Europe with American shale gas exports. However, there are hints that Russia may be silently preparing a countermove against the US with the help of a former American ally.
Qatar is generally considered a staunch supporter of Washington’s foreign policy but America’s plans to flood the global energy market with cheap LNG is a direct threat to the vital interests of Doha………………………………………..Full Article: Source


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