Gazprom’s power play is unfolding as predicted…
Today's Financial News - Posted December 11, 2008
The dispute between Russia’s Gazprom (OGZPY) and Ukraine over unpaid natural gas bills is heating up. In our opinion, this is just the prelude to an energy showdown that will rock the financial markets within the next 17 days…
by J. Christoph Amberger
Baltimore — (TFN): “The bitter gas supply dispute between Moscow and Kiev escalated yesterday when Russia’s Gazprom revealed the two sides were far from reaching an agreement and warned Ukraine would not be allowed to ’steal’ gas,” wrote the Financial Times last Tuesday.
“The state-controlled gas company’s deputy chief executive, Alexander Medvedev, told the Financial Times that talks with Ukraine about unpaid debts and future prices were still ‘far away from a settlement’ but he hoped a deal could be reached before the end of the year. However, he quoted Vladimir Putin, Russia’s prime minister, as having ‘made a very clear statement that if Ukraine tries to steal the gas, we will not tolerate this situation’.”
Few people in the United States have been paying attention to what looks like a squabble over unpaid bills. Even you might have blown past it, had it not been for a report my team issued to TFN readers about a month ago.
We believe that the gas bill dispute between Kiev and Moscow is merely a prelude to a dramatic power play to re-establish Russia’s superpower status in Europe. According to our research, Russia will strike within the next 70 days to secure its energy monopoly in Europe.
When that happens, world markets and energy stocks will go haywire.
If you’re inclined to discount our forecasts, I must warn you that you’d be doing this at your own peril:
Our predictions have been dead on. He predicted the crushing drop of the Chinese markets in September of 2007… the implosion of oil prices this past July (when most of our colleagues were still dreaming about $300 oil!)… the dollar’s resurgence… and even gold’s lackluster performance in the face of crisis.
Our readers have taken gain after gain, even in current market conditions. So please take a moment and read the following report. Even if you decide not to take action, I believe this is a vital piece of information you should not be without!
Next Article: Major financial events and developments of 2009
Be the first to leave a reply.
Your comments are welcome
Follow TFN via RSS or Twitter |
 |
 |
 |
Advertisement
Latest Headlines
- The Big Picture for Sinobiopharma, Inc. (SNBP)
- Beazer Homes USA, Inc. (BZH) and Hovnanian Enterprises, Inc. (HOV) up despite horrid housing news
- The FDA catalyst: 2010 moves in MannKind (MNKD), Roche Holding (RHHBY), Acorda Therapeutics (ACOR) show it still works!
- Steepest drop since Feb. 2009: Here we go again!
- Is the silver run over? Coeur d’Alene Mines (CDE), Silver Wheaton (SLW), Alto Group (ALTO), Hecla Mining (HL), Endeavour Silver (EXK) close down