The conspiracy
theories surrounding the death of Total SA’s chief executive, Christophe de
Margerie, started the second the news broke of his death. One has better odds
of being struck by lightning at an airport then a snow plow, or any other
ground support vehicles hitting a plane and killing all inside the plane. Did this direct threat to the petrodollar
make this “true friend of Russia” - as Putin called de Margerie - some
very powerful and dangerous enemies amongst the power that be, whether
in the French government, the EU, or the US? How many other Western
executives who dare to help Russia bypass sanctions - and turn it into an
energy powerhouse - will die under suspicious circumstances?
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The conspiracy theories surrounding the death of Total
SA’s chief executive, Christophe de Margerie, started the second the news broke
of his death. Under mysterious
circumstances in Moscow, his private jet collided with a snowplow just after
midnight. De Margerie was the CEO of Total, France’s largest oil company.
He’d just attended a
private meeting with Russian Prime Minister Medvedev, at a time when the West’s
relationship with Russia is fraught, to say the least.
One has better odds of being struck by lightning at an
airport then a snow plow, or any other ground support vehicles hitting a plane
and killing all inside the plane, in
my opinion. And I say that as someone who’s familiar with airports, having
worked at Vancouver International Airport when I was in university; I was the
one who would bring the plane into its parking bay.
If it weren’t for
those short odds, a snowplow on the runway with an allegedly drunk driver would
be the perfect crime. But who would benefit from his death?
De Margerie was one of the few business leaders who spoke
out against the isolation of Russia. On
this last trip to Moscow, he railed against sanctions and the obstacles to
Russian companies obtaining credit.
He was also an outspoken supporter of Russia’s position in
natural gas pricing and transportation disputes with Ukraine, telling
Reuters in an interview in July that Europe should not cut its dependence on
Russian gas but rather focus on making the supplies more secure.
But what could have made de Margerie a total
liability is Total’s involvement in plans to build a plant to liquefy natural
gas on the Yamal Peninsula of Russia in partnership with Novatek. Its
most ambitious project in Russia to date, it would facilitate the shipping of
800 million barrels of oil equivalent of LNG to China via the Arctic.
Compounding this sin, Total had just announced that it’s
seeking financing for a gas project in Russia in spite of the current sanctions
against Russia. It planned to
finance its share in the $27-billion Yamal project using euros, yuan, Russian
rubles, and any other currency but US dollars.
Did this direct threat to the
petrodollar make this “true friend of Russia”—as Putin called de Margerie—some
very powerful and dangerous enemies amongst the power that be, whether in the
French government, the EU, or the US?
In my book The Colder War, one
chapter deals with “mysterious deaths” and how they are linked to being on the
wrong side of the political equation. Whether it’s going against Putin or
against the petrodollar, there are many who have fallen on both sides.
If Total doesn’t close the $27 billion financing it needs
to move forward with the Yamal LNG project then we’ll know someone stepped in
to prevent an attack on the petrodollar. The CEO of Total, before his death and his CFO were both strong
supporters of Total raising the $27 billion in non US dollars and moving the
project forward with the Russians. But, this could all change if the
financing does not complete.
How many other Western executives who dare to help Russia
bypass sanctions—and turn it into an energy powerhouse—will die under
suspicious circumstances?
VIDEO Putin vs. Obama. Who is
dominating the coldest war?
------
Marin Katusa, is
author of The Colder War,
manager of multiple global energy-exploration hedge funds, and co-founder of
Copper Mountain Mining Corporation. Click here to get a copy of his must-read new book, The Colder
War. Inside, you’ll discover exactly how Putin is taking over the energy
sector, how far ahead he is, and how alarming it is that no one in the US or
Europe has even entered the race.
====
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Financial
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Forget Russia Dumping U.S.
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Posted on March 21, 2014 by WashingtonsBlog http://www.washingtonsblog.com/2014/03/forget-treasuries-russias-real-leverage-u-s.html
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