Monday, June 27, 2022

Gas without a fig leaf.

"In a move that may have an impact on the terms of the growing Russia-India energy partnership - India has enhanced import of Russian energy since the war in Ukraine began as energy prices spiral - the G7  countries are considering imposing 'price caps' on Russia's oil to dilute revenue inflows to Moscow," HT. "The Guardian reported that G7 countries were considering twin caps on Russian oil and pipeline gas - based on the calculation that Russia would have no choice but to sell it." This is reminiscent of the infamous "Oil For Food" program which allowed Western countries to plunder Iraq's natural resource freely while Iraqis and their children died in their thousands for lack of food and medicines. "Back in 1995, the UN created the Oil-for-Food program to alleviate the Iraqi people's profound misery and famine caused by the tough economic sanctions imposed on the nation after Saddam Hussein's 1990 invasion of Kuwait," NYU Law. First create famine through sanctions and then let them beg for food in return for free oil. "But by 2003, the program was scuttled after allegations of deep and widespread corruption that rose to the highest levels of UN administration, even (UN Secretary General Kofi) Annan's son." No mention of how much the US, which was occupying Iraq at the time, and its companies looted. "Between 1 million and 1.5 million Iraqis have died from malnutrition or inadequate health care resulting from economic sanctions," said former UN official Denis Halliday. "We are now in there responsible for killing people, destroying their families, their children, allowing their older parents to die for lack of basic medicines." Russia is not Iraq and Western countries cannot occupy it so they intend to loot it brazenly by trying to force Russia to sell its oil and gas for pennies. Exactly like the protection racket by organised crime, using Ukrainians as 'button men' to carry out the knee-capping. They are resorting to open plunder without any fig leaf to cover their naked aggression because, "German energy official Klaus Muller, the head of the Federal Network Agency, or Bundesnet-zagentur, warned...that consumers may see their gas bills increase by two or even three times as Germany faces the prospect of Russian gas supplies being cut," DW. Faced by the rising cost of fuel, Asian countries are switching to coal for electricity, which has severe implications for global warming, CNN. Retribution may be coming. "On 22 June, Putin announced that the five BRICS countries - Brazil, Russia, India, China and south Africa - are considering the creation of a new international reserve currency," wrote Sandipan Deb. Other countries will surely join. "BRICS countries are also working on developing an international payment network that will cut reliance on the Western financial (SWIFT) system." Let us bury predatory colonialism forever. Amen.    

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