Russia Nationalizes US Oil Interests

And India benefits!

https://www.nakedcapitalism.com/2022/07/pursuing-national-in…
Russia is nationalizing the interests of U.S. and Japanese shareholders in its Sakhalin-1 oil project, but making an exception to allow India’s OVL to maintain its stake and continue with further work. In addition, there’s speculation that other Indian companies may be invited in to replace the departing U.S. and Japanese concerns.

https://m.economictimes.com/news/india/india-explores-to-exp…
India has a 20% interest in Sakhalin-1 field. They have offered to send more experienced personnel to Russia to operate the ExxonMobil (30% stake) & Shell (27.5% stake) in the Sakhalin fields.

Is India an enemy of the “free” world now? Should economic sanctions be applied to India by the “free” world?

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We need to learn that India is a BRIC country, and is not necessarily aligned with our interests due to that.

We need to learn that India is a BRIC country, and is not necessarily aligned with our interests due to that.

Even the pesky Latin countries defy the US. What’s the point of being the “Exceptional” nation if every nation doesn’t kowtows to you? Well at less we can bully NATO to do our bidding. That’s something.

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Is India an enemy of the “free” world now? Should economic sanctions be applied to India by the “free” world?

Hardly, the G7 will set the prices for Russian oil. This can be done the easy way where India and China say good with us. Or this can be done the hard way where the west wont insure the tankers that carry the oil.

The bottom line India and China want lower oil prices. Neither of them will offer Russia more money than the set price. They are not stupid. Any leverage the G7 has to lower the price the Indians and Chinese enjoy the use of. Let Russia’s oil flow.

Russia is nationalizing the interests of U.S. and Japanese shareholders in its Sakhalin-1 oil project,

I supposed that officially makes us “enemies of the state”.

Steve

What’s the point of being the “Exceptional” nation if every nation doesn’t kowtows to you?

When you are “exceptional”, you can make them kowtow at bayonet point, and it is Shiny, not a crime against humanity.

Steve

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