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Showing posts with label Inter-American Development Bank. Show all posts
Showing posts with label Inter-American Development Bank. Show all posts
February 18, 2017
Bankster Defence of CIA Spying on French Elections - Ecuador Bankster Election 2017
August 13, 2014
Will US Pick Off Latin American Opportunities following 2015 Americas Summit?
[...] The U.S. economy is recovering, and China’s is slowing down. It’s time for Obama to focus on Latin America, much as he did on Africa last week. |
What makes the world go around?
1. Trade Race.
2. Arms Race.
It's just a relentless race to have more than the other guy: more guns, more money, more investment, more regional control, more profits, more whatever. It never lets up.
US (given huge shale boom) is probably focusing on securing energy export to Europe, which is probably a more stable trade opportunity than Latin America, I'm guessing. US now has a huge energy supply it needs to find markets for and it wants to make the most of locking Russia out of the European energy market, I'm guessing. Europe, on the other hand, has high energy needs.
Anyway, that's what I'm thinking but I'm new to watching politics, so don't take that as gospel.
China's hardly doing a massive take-over in South America. Its trade's grown, but it's nowhere near as high as US trade.
Trying to work out what petro-diplomacy is, I came across this:
Politics of Oil Nationalization
Several countries have nationalised foreign-run oil businesses, often failing to compensate investors. Enrique Mosconi, the director of the Argentine state owned oil company ... YPF, which was the first state owned oil company in the world ...
In 1953, Iran's Premier Mohammed Mossadegh was overthrown by a CIA/MI6 covert action known as Operation Ajax. The goal was to prevent Mossadegh from nationalizing the Anglo-Iranian oil company which later became British Petroleum.
Similarly Venezuela nationalized its oil industry in 1976. [wikipedia]
How evil is this? They violated national sovereignty and changed the course of a nation's future -- for oil!
It gets worse. The Shah was involved in helping foreigners profit. The wikipedia on Operation Ajax is - here.
Anyway, don't exactly know what petro-diplomacy is, but the Op Ajax was an interesting aside.
Petrocaribe - wikipedia here - is a Venezuela and Caribbean countries alliance for purchase of oil from
Venezuela for 'preferrential payment' (whatever that is).
Venezuela for 'preferrential payment' (whatever that is).
Found preference payment in relation to bankruptcy, but that's not it.
Couldn't be bothered looking any further. Guessing that it has
something to do with making payment to Venezuela a priority or something
like that.
Venezuela's gone bankrupt, according to the article. So how can that be? (Should know this from prior look-ups, but I've got a shocking memory. LOL)
At a quick glance, looks like Venezuela going bust is to do with 'pillaging' (ie social spending and SUBSIDISED PRICE selling, as well as no investment and low production) the oil companies - Economist - here.
Haven't checked to see what other oil producers there is in Latin America.
So what's the US likely to do?
Well, the summit in 2015 isn't a long way off. The bet is that if the US can make a dollar in Latin America it will pursue that avenue as well.
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