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Russia's gas deal with China means US is out of the race

After 10 years of negotiations, Russia's Gazprom and China's CNPC have finally signed an historic natural gas supply deal which will make them partners in post peak-oil industry for the forseeable future. Russia's relatively huge oil and gas reserves [1] have hardly been tapped due to financial depression following post USSR break-up and generally less wasteful exploration policies prior to this. Russia's future is buoyant, compared to the United States, where gas supplies are inadequate to meet the needs of domestic customers, oil peaked in the 1970s and fracking won't deliver anything like what it promised. In cooperation with China, Russia's position alongside China at the gateway to the Arctic, to the Caspian, and the Middle East put it in an remarkable new position.

Battle of the Titans - by Mark Jones: Russia, US, Europe, China

Mark Jones wrote “Battle of the Titans” when he was dying of cancer in 2005. This project animated his last days and he believed that what he had to say was of utmost importance. Many readers will find it prophetic, except in so far as he overlooks the role of Russia as an oil supplier. He does not overlook China, however, and America’s willingness to use all its remaining fuel to retain global hegemony. Here I have extracted passages which fit quite well together and give a somewhat clairvoyant view – from 2005 – of today’s frantic posturing, propagandizing and stirring up trouble in Ukraine, by the United States and Europe as they perhaps tried to influence China to side with them through their power-play in the Ukraine, then, helplessly watched Putin sign the massive gas supply contract with China.
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