Welcome Guest [Log In] [Register]
Add Reply
IRAN, RUSSIA SAID TO SEAL $20B DEAL
Topic Started: Apr 4 2014, 01:16 AM (2,485 Views)
The SOLE Controller
Member Avatar

Enigma
Apr 5 2014, 09:36 PM
The SOLE Controller
Apr 5 2014, 09:23 PM
Enigma
Apr 5 2014, 09:10 PM
... Show me a similar non-dollar denominated oil deal...


Iran embarked on this 2 years ago, for starters, and there may be even earlier proof: http://www.bbc.com/news/business-17203132


Here's another ordeal: http://www.economicpolicyjournal.com/2012/11/iran-accepts-payment-on-gold-to-get.html
You don't expect me to pull those links up and look for what? I see you like to blow smoke too. So much for your example.
You meant ...

so much for you expecting me to wipe the, yoke, off of your face for you. That is your job pal, not mines.

Now let's just cut the crapola, big guy, and bring your ship on in to the dock on this one. It's over. This anti-Dollar mess is 5 years old and you are fully aware of that.
Edited by The SOLE Controller, Apr 6 2014, 01:16 AM.
Offline Profile Quote Post Goto Top
 
Whozthatgurl
Member Avatar
#ITISWHATITIS
Enigma
Apr 5 2014, 02:30 AM
Whozthatgurl
Apr 5 2014, 02:18 AM
Enigma
Apr 4 2014, 09:10 PM
Truthie
Apr 4 2014, 10:20 AM
This situation, cutting America out of these types of agreements, has been occurring more and more.
In recent times due to sanctions we've seen Iran make shipments of oil in exchange for gold or goods. But we've never seen a deal of this magnitude, $20 bil. This is a sign of the changing global financial structure, and we're going to see more of it. As America, in it's arrogance pushes the envelope, the envelope will be pushed back at it. The result is going to be devastating for America, and perhaps a preclude to war.
You just keep cheering for good old Russia.
Hey Whozthat, I'm not cheering, just presenting the news.
You mean presenting a "SPIN" of the news.
Offline Profile Quote Post Goto Top
 
Enigma

The SOLE Controller
Apr 6 2014, 01:15 AM
Enigma
Apr 5 2014, 09:36 PM
The SOLE Controller
Apr 5 2014, 09:23 PM
Enigma
Apr 5 2014, 09:10 PM
... Show me a similar non-dollar denominated oil deal...


Iran embarked on this 2 years ago, for starters, and there may be even earlier proof: http://www.bbc.com/news/business-17203132


Here's another ordeal: http://www.economicpolicyjournal.com/2012/11/iran-accepts-payment-on-gold-to-get.html
You don't expect me to pull those links up and look for what? I see you like to blow smoke too. So much for your example.
You meant ...

so much for you expecting me to wipe the, yoke, off of your face for you. That is your job pal, not mines.

Now let's just cut the crapola, big guy, and bring your ship on in to the dock on this one. It's over. This anti-Dollar mess is 5 years old and you are fully aware of that.
Two posts, which means you're desperate as hell. When you can cut the clown antics and show me a similar non-dollar denominated oil deal, I may even consider conceding to you having a brain in your apparently useless head. OK, honeybunch? :D
Offline Profile Quote Post Goto Top
 
Enigma

Whozthatgurl
Apr 6 2014, 04:10 AM
Enigma
Apr 5 2014, 02:30 AM
Whozthatgurl
Apr 5 2014, 02:18 AM
Enigma
Apr 4 2014, 09:10 PM
Truthie
Apr 4 2014, 10:20 AM
This situation, cutting America out of these types of agreements, has been occurring more and more.
In recent times due to sanctions we've seen Iran make shipments of oil in exchange for gold or goods. But we've never seen a deal of this magnitude, $20 bil. This is a sign of the changing global financial structure, and we're going to see more of it. As America, in it's arrogance pushes the envelope, the envelope will be pushed back at it. The result is going to be devastating for America, and perhaps a preclude to war.
You just keep cheering for good old Russia.
Hey Whozthat, I'm not cheering, just presenting the news.
You mean presenting a "SPIN" of the news.
You are so cute and sweet when you talk like that. ;)
Offline Profile Quote Post Goto Top
 
VoiceofReason

Enigma
Apr 5 2014, 09:10 PM
Truthie
Apr 5 2014, 02:04 PM
Enigma
Apr 5 2014, 03:30 AM
Truthie
Apr 5 2014, 03:06 AM
It's not new.

The real issue here is the sanctions component.

The bartering part of it is kind of funny to me. They're supposedly going to barter, but they're still quantifying everything in dollars. *snicker snicker snicker*
Show me a similar deal.
http://news.bbc.co.uk/2/hi/asia-pacific/4828244.stm
http://www.cnpc.com.cn/en/cnpcworldwide/russia/?COLLCC=179854062&

Since 2003, CNPC has signed agreements with Sakhalin Energy, Lukoil and Rosneft in the fields of oil trade, petroleum exploration and development, and oilfield service and engineering.

In October 2006, CNPC and Rosneft jointly established Vostok Energy Ltd., in which CNPC has a 49% stake. In August 2007, Vostok Energy Ltd. won an auction for licenses to explore for oil and gas in two eastern Siberian blocks in North Irkutsk Province of Russia — Verkhneichersky and West Chonsky. We completed drilling and encountered oil and gas shows in exploration well West Chonsky-1 in 2010.

Cooperation in the oil and gas business is deepening between China and Russia.

In 2008, CNPC and Transneft signed an agreement in principle on the construction and operation of a crude pipeline from Skovorodino in Russia to Mohe at the Sino-Russian border. According to the agreement, China and Russia will jointly construct and operate the Russia-China Crude Pipeline based on the Phase I project of Russia's Far East Pipeline.

In 2009, CNPC signed “The Contract on Construction and Operation of the Crude Oil Pipeline from Skovorodino to the Russia-China Border” with Transneft, as well as agreements with Rosneft and Transneft respectively for long-term crude trade. Under the agreements, Russia will supply 15 million tons of crude to China each of the 20 years of the contract term. Construction of the Russian section and Chinese section (Mohe-Daqing) began in April and May, 2009, respectively.

In 2010, the Russia-China Crude Pipeline became operational, symbolizing a new era of our energy cooperation with Russia. We inked a general agreement with Transneft over the operation of the Russia-China Crude Pipeline that stretches from Russia's Skovorodino station to China's Mohe station, a framework agreement with Gazprom to import natural gas to China, an agreement with Rosneft on extending oil supply to the Russia-China Crude Pipeline, and an agreement with LUKoil on expanding strategic cooperation. Our 13 Mt/a joint veture refinery with Rosneft was inaugurated in Binhai New District of Tianjin in September 2010.
Your example doesn't address my statement and you've thus shown me nothing but your ability to blow hot air. Show me a similar non-dollar denominated oil deal, that's at issue.
http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan

You could've looked this up yourself...or is it that you really want to believe this is new? :D

Here are a couple of excerpts:

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar."
Offline Profile Quote Post Goto Top
 
Enigma

Truthie
Apr 6 2014, 10:52 AM
Enigma
Apr 5 2014, 09:10 PM
Truthie
Apr 5 2014, 02:04 PM
Enigma
Apr 5 2014, 03:30 AM
Truthie
Apr 5 2014, 03:06 AM
It's not new.

The real issue here is the sanctions component.

The bartering part of it is kind of funny to me. They're supposedly going to barter, but they're still quantifying everything in dollars. *snicker snicker snicker*
Show me a similar deal.
http://news.bbc.co.uk/2/hi/asia-pacific/4828244.stm
http://www.cnpc.com.cn/en/cnpcworldwide/russia/?COLLCC=179854062&

Since 2003, CNPC has signed agreements with Sakhalin Energy, Lukoil and Rosneft in the fields of oil trade, petroleum exploration and development, and oilfield service and engineering.

In October 2006, CNPC and Rosneft jointly established Vostok Energy Ltd., in which CNPC has a 49% stake. In August 2007, Vostok Energy Ltd. won an auction for licenses to explore for oil and gas in two eastern Siberian blocks in North Irkutsk Province of Russia — Verkhneichersky and West Chonsky. We completed drilling and encountered oil and gas shows in exploration well West Chonsky-1 in 2010.

Cooperation in the oil and gas business is deepening between China and Russia.

In 2008, CNPC and Transneft signed an agreement in principle on the construction and operation of a crude pipeline from Skovorodino in Russia to Mohe at the Sino-Russian border. According to the agreement, China and Russia will jointly construct and operate the Russia-China Crude Pipeline based on the Phase I project of Russia's Far East Pipeline.

In 2009, CNPC signed “The Contract on Construction and Operation of the Crude Oil Pipeline from Skovorodino to the Russia-China Border” with Transneft, as well as agreements with Rosneft and Transneft respectively for long-term crude trade. Under the agreements, Russia will supply 15 million tons of crude to China each of the 20 years of the contract term. Construction of the Russian section and Chinese section (Mohe-Daqing) began in April and May, 2009, respectively.

In 2010, the Russia-China Crude Pipeline became operational, symbolizing a new era of our energy cooperation with Russia. We inked a general agreement with Transneft over the operation of the Russia-China Crude Pipeline that stretches from Russia's Skovorodino station to China's Mohe station, a framework agreement with Gazprom to import natural gas to China, an agreement with Rosneft on extending oil supply to the Russia-China Crude Pipeline, and an agreement with LUKoil on expanding strategic cooperation. Our 13 Mt/a joint veture refinery with Rosneft was inaugurated in Binhai New District of Tianjin in September 2010.
Your example doesn't address my statement and you've thus shown me nothing but your ability to blow hot air. Show me a similar non-dollar denominated oil deal, that's at issue.
http://www.examiner.com/article/dollar-no-longer-primary-oil-currency-as-china-begins-to-sell-oil-using-yuan

You could've looked this up yourself...or is it that you really want to believe this is new? :D

Here are a couple of excerpts:

On Sept. 11, Pastor Lindsey Williams, former minister to the global oil companies during the building of the Alaskan pipeline, announced the most significant event to affect the U.S. dollar since its inception as a currency. For the first time since the 1970's, when Henry Kissenger forged a trade agreement with the Royal house of Saud to sell oil using only U.S. dollars, China announced its intention to bypass the dollar for global oil customers and began selling the commodity using their own currency.

Lindsey Williams: "The most significant day in the history of the American dollar, since its inception, happened on Thursday, Sept. 6. On that day, something took place that is going to affect your life, your family, your dinner table more than you can possibly imagine."

"On Thursday, Sept. 6... just a few days ago, China made the official announcement. China said on that day, our banking system is ready, all of our communication systems are ready, all of the transfer systems are ready, and as of that day, Thursday, Sept. 6, any nation in the world that wishes from this point on, to buy, sell, or trade crude oil, can do using the Chinese currency, not the American dollar."
This is a new sort of deal. This isn't a case of selling a shipment of oil for gold or goods. This is an enormous deal, the likes of which hasn't occurred previously.



LOL, I'm always amused at how individuals who make statements and can't back them up, try to change the narrative to suit their lack of anything substantive. This is a new kind of deal, a $20 billion deal, the like of which you haven't seen before, just like I said. You took issue with that, yet you still haven't produced any deal that can even approximate that one. You continue to blow smoke and play a childish game of semantics, attempting to play on the words "new kind of deal". The result is that you look increasingly foolish to effectively deny my truth, yet you bunglers can't do what I challenged you to do, which is to show me a similar non-dollar denominated oil deal. You characters are so full of crap it ain't funny. :D
Offline Profile Quote Post Goto Top
 
kennyinbmore
Member Avatar

Time to connect currencies with some tangibles unless all currencies are rated on PPP value. Perceptive values are in danger.
China being a creditor with most countries, people will stay away from Yuan as its values can be manipulated by China which can result in unpredictable losses. Unless China connects its currency with some tangibles I see little scope for Yuan to take a position of Reserve Currency.
The dollar may be replaced as the world's reserve currency some day, but it's not happening now. This is oil and China doesn't produce oil. Not to mention, when I did a search for this story it didn't come up on a website of any major news organization, not even Fox who would be running it as a banner every day if true
Offline Profile Quote Post Goto Top
 
Whozthatgurl
Member Avatar
#ITISWHATITIS
Quote:
 
The dollar may be replaced as the world's reserve currency some day, but it's not happening now.

We probably won't see this happening in our lifetime.
Offline Profile Quote Post Goto Top
 
kennyinbmore
Member Avatar

Whozthatgurl
Apr 6 2014, 06:50 PM
Quote:
 
The dollar may be replaced as the world's reserve currency some day, but it's not happening now.

We probably won't see this happening in our lifetime.
I agree. Until China can convince Saudi Arabia to switch to their currency, the dollar is fine. Oil is truly black gold
Offline Profile Quote Post Goto Top
 
Enigma

kennyinbmore
Apr 6 2014, 02:12 PM
Time to connect currencies with some tangibles unless all currencies are rated on PPP value. Perceptive values are in danger.
China being a creditor with most countries, people will stay away from Yuan as its values can be manipulated by China which can result in unpredictable losses. Unless China connects its currency with some tangibles I see little scope for Yuan to take a position of Reserve Currency.
The dollar may be replaced as the world's reserve currency some day, but it's not happening now. This is oil and China doesn't produce oil. Not to mention, when I did a search for this story it didn't come up on a website of any major news organization, not even Fox who would be running it as a banner every day if true
That's a very good and credible evaluation. The Yuan is not expected to eclipse the dollar as the world's reserve currency, but neither is any other nation's currency. I think that the intention is to never allow ONE nation's currency to serve as reserve currency, but rather a basket of currencies from several nations. But that's not the issue here. I stated that this deal represents a new kind of deal, the likes of which is a new development. Unlike the usual use of gold or some other form of non-dollar payment for a shipment of oil, this is a huge deal. Mickey Mouse and Donald Duck knows that the talk of replacing the dollar as form of payment is nothing new, as stated. but this is a new kind of deal, the likes of which hasn't occurred before. Some here in an effort to cover for making misstatements are attempting to infer that I said that the talk of replacing the dollar as form of payment for oil (or many other commodities) is something new. But I'd expect that considering the sources.
Edited by Enigma, Apr 6 2014, 08:16 PM.
Offline Profile Quote Post Goto Top
 
1 user reading this topic (1 Guest and 0 Anonymous)
Go to Next Page
« Previous Topic · Politics & Government · Next Topic »
Add Reply