{"id":5889,"date":"2014-10-27T20:55:45","date_gmt":"2014-10-27T20:55:45","guid":{"rendered":"http:\/\/juniorminingnews.com\/?p=5889"},"modified":"2014-10-27T20:55:45","modified_gmt":"2014-10-27T20:55:45","slug":"total-war-over-the-petrodollar","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=5889","title":{"rendered":"Total War over the Petrodollar"},"content":{"rendered":"

Total War over the Petrodollar<\/a><\/h3>\n

\"marinkatusa\"<\/a>By Marin Katusa, Chief Energy Investment Strategist<\/span><\/h3>\n
<\/div>\n

The conspiracy theories surrounding the death of Total SA\u2019s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO of Total, France\u2019s largest oil company.<\/p>\n

He\u2019d just attended a private meeting with Russian Prime Minister Medvedev, at a time when the West\u2019s relationship with Russia is fraught, to say the least.<\/p>\n

One has better odds of being struck by lightning at an airport then a snow plow, or any other ground support vehicles hitting a plane and killing all inside the plane, in my opinion. And I say that as someone who\u2019s familiar with airports, having worked at Vancouver International Airport when I was in university; I was the one who would bring the plane into its parking bay.<\/p>\n

If it weren\u2019t for those short odds, a snowplow on the runway with an allegedly drunk driver would be the perfect crime. But who would benefit from his death?<\/p>\n

De Margerie was one of the few business leaders who spoke out against the isolation of Russia. On this last trip to Moscow, he railed against sanctions and the obstacles to Russian companies obtaining credit.<\/p>\n

He was also an outspoken supporter of Russia\u2019s position in natural gas pricing and transportation disputes with Ukraine, telling Reuters<\/em> in an interview in July that Europe should not cut its dependence on Russian gas but rather focus on making the supplies more secure.<\/p>\n

But what could have made de Margerie a total liability is Total\u2019s involvement in plans to build a plant to liquefy natural gas on the Yamal Peninsula of Russia in partnership with Novatek. Its most ambitious project in Russia to date, it would facilitate the shipping of 800 million barrels of oil equivalent of LNG to China via the Arctic.<\/p>\n

Compounding this sin, Total had just announced that it\u2019s seeking financing for a gas project in Russia in spite of the current sanctions against Russia. It planned to finance its share in the $27-billion Yamal project using euros, yuan, Russian rubles, and any other currency but US dollars.<\/p>\n

Did this direct threat to the petrodollar make this \u201ctrue friend of Russia\u201d\u2014as Putin called de Margerie\u2014some very powerful and dangerous enemies amongst the power that be, whether in the French government, the EU, or the US?<\/p>\n

In my book The Colder War<\/em><\/a>, one chapter deals with \u201cmysterious deaths\u201d and how they are linked to being on the wrong side of the political equation. Whether it\u2019s going against Putin or against the petrodollar, there are many who have fallen on both sides.<\/p>\n

If Total doesn\u2019t close the $27 billion financing it needs to move forward with the Yamal LNG project then we\u2019ll know someone stepped in to prevent an attack on the petrodollar.\u00a0 The CEO of Total, before his death and his CFO were both strong supporters of Total raising the $27 billion in non US dollars and moving the project forward with the Russians.\u00a0 But, this could all change if the financing does not complete.<\/p>\n

How many other Western executives who dare to help Russia bypass sanctions\u2014and turn it into an energy powerhouse\u2014will die under suspicious circumstances?<\/p>\n

Marin Katusa, is author of <\/em>The Colder War<\/em><\/a>, manager of multiple global energy-exploration hedge funds, and co-founder of Copper Mountain Mining Corporation. <\/em>Click here to get a copy<\/em><\/a> of his must-read new book, The Colder War. Inside, you\u2019ll discover exactly how Putin is taking over the energy sector, how far ahead he is, and how alarming it is that no one in the US or Europe has even entered the race.<\/em><\/p>\n

 <\/p>\n

The article Total War over the Petrodollar<\/a> was originally published at caseyresearch.com<\/a>.<\/div>\n","protected":false},"excerpt":{"rendered":"

Total War over the Petrodollar By Marin Katusa, Chief Energy Investment Strategist The conspiracy theories surrounding the death of Total SA\u2019s chief executive, Christophe de Margerie, started the second the news broke of his death. Under mysterious circumstances in Moscow, his private jet collided with a snowplow just after midnight. De Margerie was the CEO […]<\/p>\n","protected":false},"author":1,"featured_media":5890,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"_links":{"self":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5889"}],"collection":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5889"}],"version-history":[{"count":2,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5889\/revisions"}],"predecessor-version":[{"id":5892,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/posts\/5889\/revisions\/5892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=\/wp\/v2\/media\/5890"}],"wp:attachment":[{"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/juniorminingnews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}