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
Stocks, Bitcoin and Crypto Markets Breaking Bad on Donald Trump Pump - 21st Nov 24
Gold Price To Re-Test $2,700 - 21st Nov 24
Stock Market Sentiment Speaks: This Is My Strong Warning To You - 21st Nov 24
Financial Crisis 2025 - This is Going to Shock People! - 21st Nov 24
Dubai Deluge - AI Tech Stocks Earnings Correction Opportunities - 18th Nov 24
Why President Trump Has NO Real Power - Deep State Military Industrial Complex - 8th Nov 24
Social Grant Increases and Serge Belamant Amid South Africa's New Political Landscape - 8th Nov 24
Is Forex Worth It? - 8th Nov 24
Nvidia Numero Uno in Count Down to President Donald Pump Election Victory - 5th Nov 24
Trump or Harris - Who Wins US Presidential Election 2024 Forecast Prediction - 5th Nov 24
Stock Market Brief in Count Down to US Election Result 2024 - 3rd Nov 24
Gold Stocks’ Winter Rally 2024 - 3rd Nov 24
Why Countdown to U.S. Recession is Underway - 3rd Nov 24
Stock Market Trend Forecast to Jan 2025 - 2nd Nov 24
President Donald PUMP Forecast to Win US Presidential Election 2024 - 1st Nov 24
At These Levels, Buying Silver Is Like Getting It At $5 In 2003 - 28th Oct 24
Nvidia Numero Uno Selling Shovels in the AI Gold Rush - 28th Oct 24
The Future of Online Casinos - 28th Oct 24
Panic in the Air As Stock Market Correction Delivers Deep Opps in AI Tech Stocks - 27th Oct 24
Stocks, Bitcoin, Crypto's Counting Down to President Donald Pump! - 27th Oct 24
UK Budget 2024 - What to do Before 30th Oct - Pensions and ISA's - 27th Oct 24
7 Days of Crypto Opportunities Starts NOW - 27th Oct 24
The Power Law in Venture Capital: How Visionary Investors Like Yuri Milner Have Shaped the Future - 27th Oct 24
This Points To Significantly Higher Silver Prices - 27th Oct 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