Multi-vector war — yet with the exception of US military action against Russia and China, have moved to a new level and now openly is conducted in three areas: 1) energy; 2) financial and 3) exchange, not to mention the constant confrontation in the field of propaganda and cyberspace.
The big resonance was caused by reports of the opening of the St. Petersburg oil exchange (Spimex), designed to weaken the hegemony of the dollar, and China’s plans to acquire stock, and energy independence.
Bloomberg News reported recently about the opening of the Chinese oil exchange in Shanghai, which was announced 20 years ago.
As a quite credible argument specifies the volatility of the markets, as though this were something new, although it is an integral part of the global liberal market, as recently told Jacques de Larosiere Sample de (Jacques de Larosière de Champfeu), the ill-fated former IMF Executive Director.
Scheduled for late 2015 opening of the Shanghai oil exchange, intended the dependence on oil prices from the quotations on the stock exchanges of new York and London, has been postponed for 2016 without specifying a specific date. It’s been five months. More than 20 years ago, in 1993, the Chinese government introduced the domestic price of oil, which were then frozen due to the industrial growth in the country.
But after 20 years of oil purchases by China increased significantly and amounted to 7.9 million barrels a day. Only since the beginning of this year they increased by 8.3%, with the bulk of it is spent on replenishment of strategic stocks.
Modern China isn’t the one that was two decades ago, when only began its rapid economic growth. Then he was even behind Mexico and has not yet established a strategic partnership with Russia Vladimir Putin.
Now, 20 years later, China is positioning itself as a major economic superpower, to establish a strategic partnership in nuclear and gas regions of Russia (the true extent of which were not disclosed), to prevent suffocation from the United States.
Russian exports to China also rose sharply, suggesting the complementarity that can arise between St. Petersburg (Spimex) and the Shanghai petroleum exchange.
It seems that Putin is based on the known biological rules that function creates organ. At the end of 2014, at a meeting of heads of APEC in Beijing, the Russian President said that in the situation of imposed against Russia sanctions “the use of the ruble and the yuan will weaken dollar’s influence”.
Nearly a month after the famous Putin’s statements about a tripolar world, his fierce opponent of Obama, which is disastrous military campaign Russia is waging against the quiet but effective financial war, dealt a terrible blow to the ruble.
The transition to a tripolar world — the US, Russia, China — will be difficult, given the financial and military hawks of Washington clinging to its unipolarity.
China competes with the US as the world’s largest importer of oil and is committed not only to influence the establishment of prices on black gold, but are still widely used in global calculations, the yuan, which weakened the rules to allow the import of oil so-called independent oil refining factories (NPZ).
It is worth mentioning that now Chinese oil refineries processed nearly 10.6 million barrels of oil per day.
Leaving aside the primitive pure market approach to oil, it should be noted that current geopolitical situation plays a key role in the decision-making of Chinese leaders, especially at the current stage of strengthening and prosperity of the Chinese model of state capitalism.
Liu Feng (Lu Feng), an officer of the company Shanghai International Energy Exs, said that the Shanghai stock exchange should develop rules (and this is after 20 years!) the formation of oil prices, which requires the consent of the Chinese Commission on regulation of exchange-traded securities.
According to Bloomberg, sharp changes of quotations on the stock exchanges and volatility of the financial markets, which is how the currency war, and the war between the dollar and the yuan, have tempered the ardor of the Chinese government, seeking to influence oil prices, arbitrarily installed today on the stock exchanges of London and new York.
Afraid if the China financial war, in which he ruthlessly involved exchanges of London and new York?
During the last financial skirmishes between the dollar and the yuan China was forced to give up 100 billion dollars of its foreign currency reserves, which still are the largest in the world. They now amount to 3 trillion dollars.
Gabe Collins (Gabe Collins), the employee e-portal The Diplomat (very close to Japan), wrote that “careful attention to oil by the US, Saudi Arabia and ISIL militants detract from the importance of the new trends in the energy sector in China is expected to increase significantly oil production”. This explains the sharp jump in its price from 25 to $ 50, which can have a significant impact on the oil market, since China is not only a major importer of oil, but also among the five largest oil producing countries after the US, Russia, Saudi Arabia and Canada (it produces almost equal amounts)”.
A special place is shale oil, which China has huge reserves. According to well-informed analysis of the Agency energy information (Energy Information Administration), 32 billion barrels of proven reserves.
How will the outgoing President Obama on the desire of Russia and China to conduct an independent pricing policy on exchanges?
By the way, in the context of the very strange collaboration/confrontation between Obama and Jinping Blue USA made a very alarming step, removing the embargo on the sale of lethal weapons to its former foe Vietnam to escalate its confrontation with China.
