 According to the NY Times1, EXXON has over $500 billion in contracts to develop petroleum assets in Russia. This work has been held-up by the US sanctions in response to Russia’s invasion of the Crimea and Ukraine. In 2016, Exxon successfully lobbied against a bill that would have extended these sanctions for 5 years. Now it will be easier for Trump and his nominated Secretary of State, Rex Tillerson to lift the sanctions so Exxon can restart their work in Russia. As a large stockholder, Tillerson and Exxon will benefit handsomely. The American people will be ‘addicted’ to oil from a NEW master – President Putin. Our European allies (and the US) will be put at higher risk from an oil-rich Russia. Indeed, Steve Coll3 cites that during the GW Bush administration, “Putin thought about the security of energy supply much more as a Risk game player than did free market idealists in the Bush administration. He saw oil and gas pipelines as physical valves that he could open or shut as he sought to reward or punish other countries…Russian gas companies and ministries routinely squeezed supplies to customers in Ukraine if they were unhappy about regional finances. Surely Putin was complicit in those squeeze plays.” This is why putting U.S. fuel supplies and our ‘petrodollars’ in hands of Putin is a very bad idea. There’s a better way. CAREnergy has developed a sustainable patented feedstock crop – the high yielding ENERGY TUBER. It can be grown Organically and processed to make Food, Fuel and Feed using proven, reliable technology available NOW with a fuel that can replace gasoline AT A COMPETITIVE PRICE in any current vehicle. Growing our own fuels means keeping in our economy the $350 billion a year we spend on foreign oil. This will provide many jobs in the Sunbelt States, and this feedstock and technology can be transferred successfully to many other warm climate countries. See: http://igg.me/at/energytuber to learn more about this clean, practical and affordable technology. For fun watch: https://www.youtube.com/watch?v=3Ar80sFzViw 1 NY Times 12/12/2016, Rex Tillerson’s Company, Exxon, Has Billions at Stake Over Sanctions on Russia http://www.nytimes.com/2016/12/12/world/europe/rex-tillersons-company-exxon-has-billions-at-stake-over-russia-sanctions.html?mwrsm=Email
2 Politico. 12/18/2016. ExxonMobil helped defeat Russia sanctions bill. http://www.politico.com/story/2016/12/exxon-mobile-russia-sanctions-rex-tillerson-232770 3 Coll, Steve Coll, 2012. Page 276. Private Empire, ExxonMobil and American Power). Comments are closed.
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