About those sanctions
Posted: Sat Sep 13, 2014 1:21 am
Barry keeps announcing sanctions "against Russia". Unmentioned, it that trade is a 2 way street. If we cancel a deal with Russia we get hurt as much as they do. Here's just one that could cost Exxon 3.2 billion! Idiot! Putin must think we are complete morons and he'd be right.
http://www.zerohedge.com/news/2014-09-12/one-company-most-risk-russian-sanctions-actually-american
The U.S. on Thursday announced new sanctions targeting Russia's financial, defense and energy sectors in a bid to punish the Kremlin for stoking the military conflict in Ukraine. Details of the sanctions, designed to match new measures imposed by the European Union, are set to be released Friday.
A U.S. official said the new penalties would affect Exxon's current drilling in the icy Kara Sea with its Kremlin-controlled partner, OAO Rosneft, though the extent of the impact was unclear Thursday.
No other Western energy company has as much direct exposure to Russia as Exxon, thanks to a $3.2 billion deal giving the company access to a swath of the Arctic larger than Texas that could hold the equivalent of billions of barrels of oil and gas.
http://www.zerohedge.com/news/2014-09-12/one-company-most-risk-russian-sanctions-actually-american