Patty

The rest of the world sees that Washington cant even get US corps to honor sanctions and are going to get mighty pissed that they are taking economic downturns due to sanctions that we ourselves aren't willing to take.


http://thebricspost.com/exxonmobil-starts-russian-drilling-with-us-sanctioned-rosneft/#.U-dKbDbD_IU

"Russian President Vladimir Putin on Saturday gave the start signal through a teleconference for joint drilling in Russia’s northernmost offshore exploration well. Russian state oil company Rosneft and US oil and gas giant ExxonMobil have gone ahead with the drill, sidestepping the strain in US-Russia relations over Ukraine and subsequent round of Western sanctions on Russia.

In what could be a critical development for the Russian economy as it tests the potential of the unexplored Arctic Ocean, drilling has now officially begun in the $700 million oil well in the East Prinovozemelskiy field in the Kara Sea.

Putin praised what he called the “pragmatism” of Exxon Mobil in going ahead with the drill with Rosneft. Russia’s Rosneft was added to a list of Russian companies under US sanctions on July 16 this year.

“Today commercial success is determined by effective international cooperation.Businesses, including large companies, both Russian and foreign, are well aware of that. In spite of the difficult current political situation, pragmatism and common sense still have the upper hand, and that is very gratifying,” Putin said.

“ExxonMobil is our old, reliable partner, and we greatly value our relationship,” he added.

Rosneft CEO Igor Sechin and President of ExxonMobil Russia Glenn Waller attended the launch on Saturday. The US and Russian oil giants have been cooperating at the Arctic oil sites since 2011, as well as the joint development of an oil deposit in the Black Sea. In June 2012, Rosneft also struck a deal with Exxon on the joint project of an oil deposit in Western Siberia.

Drilling at the Universitetskaya-1 site, the northernmost oil rig in Russia, will take place in open waters during the ice-free drilling season from August through to late October. The West Alpha rig has undergone additional modernization, furnished with innovative ice control equipment and a system for avoiding collisions with icebergs.

According to a Rosneft statement, the Universitetskaya structure covers an area of 1200 thousand kilometers with resources accounting to more than 1.3 billion tons of oil equivalent. A total of some 30 structures were found in three East Prinovozemelskiy areas of the Kara Sea, and the entire resource base of the three areas is estimated at 87 billion barrels or 13 billion tonnes of oil equivalent."

rich278

Do we find it strange that you know all about Russian dealings and Fox News does not?

Patty

Who is "we" and why do you think Fox News knows any more than anyone else with a computer? They have no investigative reporters.
That's what I find strange.

rich278

We are myself and a few of my DFL friends that find it unusual how information comes on this post but never gets to the national news media.

Liberty Tree

Perhaps it is because the national news does not want the people to know some things.

rich278

Are you saying Fox News will protect President Obama by not reporting? You must live in the trees somewhere.

Liberty Tree

When I speak of national news I am speaking of the MSM. Give FOX time if this story plays out it will be reported.

rich278

Who is MSM? I am amazed that the right wing nuts can glean this information and put it on line before the synagog of the right wing, Fox News, gets the scoop. Where is the leader of the Republican party Rush Limbo, he would bounce 3 feet off his chair. In other words I think you are full of Bulls**t.

Liberty Tree

You may think I am, but everyone knows for a fact you are.

rich278

Liberty Tree? What the hell is a liberty tree?

rich278

Again I ask who is MSM?

Patty

MSM =main stream media. Anyone who knows how the US propaganda presstitutes works is aware of that.
Might want to start from way back in the 1960's by googling Operation Mockingbird to learn who and what our media industry is there for. The gov is not stupid and that is why the founding fathers made the only "industry" mentioned in the Constitution the freedom of the press. They knew that would be and has been through out history the first thing the tyrants go after.
Education is your friend.

rich278

Hey Liberty Tree, Did you quit or are facts too hard to deal with. You remind me of the Republicans that say "we have a heath care reform plan also, but it's not quite finished."

rich278

Ah so main stream media. That still leaves the question unanswered, why is this news not on Fox News?

lpnmajor Loc: Arkansas

It is unfortunate that most Americans believe that American companies have ANY interest in American patriotism. The dummies in DC should know better, as those are THEIR masters. The fact is, American companies are beholden to only ONE national interest and that is the Nation of Profit. That means, profit by any means, in any situation and without regard to any border or regulation imposed by any Government. This is age old SOP.