Most Popular
1. It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- Gary_Tanashian
2.Stock Market Presidential Election Cycle Seasonal Trend Analysis - Nadeem_Walayat
3. Bitcoin S&P Pattern - Nadeem_Walayat
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
4.U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - Raymond_Matison
5. How to Profit from the Global Warming ClImate Change Mega Death Trend - Part1 - Nadeem_Walayat
7.Bitcoin Gravy Train Trend Forecast 2024 - - Nadeem_Walayat
8.The Bond Trade and Interest Rates - Nadeem_Walayat
9.It’s Easy to Scream Stocks Bubble! - Stephen_McBride
10.Fed’s Next Intertest Rate Move might not align with popular consensus - Richard_Mills
Last 7 days
Friday Stock Market CRASH Following Israel Attack on Iranian Nuclear Facilities - 19th Apr 24
All Measures to Combat Global Warming Are Smoke and Mirrors! - 18th Apr 24
Cisco Then vs. Nvidia Now - 18th Apr 24
Is the Biden Administration Trying To Destroy the Dollar? - 18th Apr 24
S&P Stock Market Trend Forecast to Dec 2024 - 16th Apr 24
No Deposit Bonuses: Boost Your Finances - 16th Apr 24
Global Warming ClImate Change Mega Death Trend - 8th Apr 24
Gold Is Rallying Again, But Silver Could Get REALLY Interesting - 8th Apr 24
Media Elite Belittle Inflation Struggles of Ordinary Americans - 8th Apr 24
Profit from the Roaring AI 2020's Tech Stocks Economic Boom - 8th Apr 24
Stock Market Election Year Five Nights at Freddy's - 7th Apr 24
It’s a New Macro, the Gold Market Knows It, But Dead Men Walking Do Not (yet)- 7th Apr 24
AI Revolution and NVDA: Why Tough Going May Be Ahead - 7th Apr 24
Hidden cost of US homeownership just saw its biggest spike in 5 years - 7th Apr 24
What Happens To Gold Price If The Fed Doesn’t Cut Rates? - 7th Apr 24
The Fed is becoming increasingly divided on interest rates - 7th Apr 24
The Evils of Paper Money Have no End - 7th Apr 24
Stock Market Presidential Election Cycle Seasonal Trend Analysis - 3rd Apr 24
Stock Market Presidential Election Cycle Seasonal Trend - 2nd Apr 24
Dow Stock Market Annual Percent Change Analysis 2024 - 2nd Apr 24
Bitcoin S&P Pattern - 31st Mar 24
S&P Stock Market Correlating Seasonal Swings - 31st Mar 24
S&P SEASONAL ANALYSIS - 31st Mar 24
Here's a Dirty Little Secret: Federal Reserve Monetary Policy Is Still Loose - 31st Mar 24
Tandem Chairman Paul Pester on Fintech, AI, and the Future of Banking in the UK - 31st Mar 24
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

U.S. Interest in Caspian Sea Oil to Bring More Trouble for Russia

Politics / Crude Oil Jun 07, 2009 - 06:39 AM GMT

By: Pravda

Politics

Oil and natural gas of the Caspian states seems to be of strategic significance for the West, Richard Morningstar, the US special envoy for Eurasian energy issues said. Why does the US administration show so much interest in the Caspian Sea region? Does it mean that US army bases will soon be deployed there?


The Caspian Sea region will play an important role in the field of energy security for decades, Mr. Morningstar said. The official added that the region was a strategically important source of energy resources for the whole world. The Caspian Sea, Morningstar said, would supply the world’s need in fuel for a very long time. Increasing the output of hydrocarbons in the region was possible owing to convenient export routes, he added.

“The gas resources of Azerbaijan exceed two trillion cubic meters, the oil reserves of Kazakhstan are estimated at 40 billion barrels. Turkmenistan has large gas reserves – over thee trillion cubic meters,” Morningstar said in Baku , the capital of Azerbaijan, on June 2.

The official approved Turkmenistan’s intention to become more open to foreign investors. He urged the nation to be more flexible in developing ground-based deposits. Mr. Morningstar stressed out that his country approved Azerbaijan’s and Turkmenistan’s cooperation with the United States in terms of developing the energy resources of the Caspian Sea region.

“The United States and the European Union are concerned about the access to energy,” Morningstar said. He added that last-year’s events in Georgia and the gas crisis between Russia and Ukraine made Europe more vulnerable in terms of the energy security.

Mr. Morningstar’s remarks virtually mean that the US administration views the Caspian Sea region as the zone of strategic interests of the West.

Why does the USA pay so much attention to such a remote territory as the Caspian Sea region?

Alexander Rar, a German scientist of politics, said that both the USA in particular and the West on the whole pinned great hopes on the region of the Caspian Sea. There are many other oil and gas deposits in the word, but the Caspian Sea has not been explored thoroughly yet. Furthermore, the extraction of oil and gas resources in the region is not cost-intensive at all.

The West does not want to leave the region under the control of Russia only. The USA has made a number of attempts to approach the region, but was forced to retreat. It is not easy to find a compromise with Asian countries.

Anatoly Tsyganok, an expert with the Institute for Political and Military Analysis, believes that one should have a different approach to the USA’s interest in the Caspian Sea region.

“One should approach the issue from the point of view of geopolitics. If US top officials openly say that the Americans are interested in the region, one should realize that their economic objectives go hand-in-hand with military actions, which they organize to solidify their presence in the region. The fact that the USA has already agreed to use a radar station in Azerbaijan is quite indicative. The USA may not use it against Russia , but the message is obvious. The US presence in the Caucasus is highly undesirable for Russia – one should recall the recent events in Georgia ,” the expert told Pravda.Ru.

Sergey Balmasov
Vadim Trukhachev

Pravda.ru

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors.

Pravda Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in