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Well, the current battle is over CONTROL of CRUDE OIL and GAS pricing in our world.|
The battles pits the AMERIKAN REGIME Vs. ENERGY BLOC lead by the Russian Federation.
The RUSSIAN FEDERATION needs moderate prices of US$70 per barrel to keep their empire, and those of Persia, Latin America, African states in reasonable economic health and more importantly for the Russian, the financing of it's big power status. The Arabs wants the higher prices to "manipulate" for more "oil field developments".
On the hand are the AMERIKAN REGIME prefers prices back to prior 2001, ie US$25 per barrel to ensure that their trade defisit is bearable. So far the battle of interest continues with the Amerikan Regime PERSISTING TO CREATE "CONFIDENCE CRISIS" and creating of recessionary situation to push for crude oil price falls.
This is watched with great interest in the British Club, China, Asian Trade Route States, European Union as they have stakes in both groups, first as driver of demand, market places. In the meantime, the NEW MIDDLE KINGDOM with nominally means China, Asian Trade Route States and Australian/South African part of the British Club are implementing a lot of pump priming, coming online in 2009.
Ahhh! The Battles continues....
New Middle Kingdom