Beiträge von Eldorado

    Big powers and the great energy game in Central Asia


    BY MATEIN KHALID


    11 May 2006


    A CENTURY ago, the British Empire and Tsarist Russia used spies, gold and proxy armies to control the emirate of Afghanistan in the fabled "Great Game" of the Raj. With the collapse of the USSR, Afghanistan and Central Asia are now new epicentre of incendiary ethnic wars, great power intrigues and despotic warlords. The Great Game is now about gas fields and oil pipelines, not just warm water ports and imperial diplomatic treaties.



    China, Russia, the US, Turkey, Iran, India and Pakistan and the agents of the world’s most powerful oil and gas superpowers are now mere pawns on the chessboard of Central Asian geopolitics. With an estimated 200 billion barrels of oil and 500 trillion cubic feet of natural gas, Central Asia has the biggest fossil fuel reserves outside the Arab world, the new battlefield for the oil wars. Centuries ago, Zoroastrian priests prayed to the "holy fire", the gas-fed flames that arose from the soil on the Caspian Sea.


    The priesthood of Big Oil now scrambles for its own holy prize, oil and gas reserves in a world where low reserve replacement ratios mean financial death on Wall Street.


    The US overtures to Central Asian hard asset dictators are clearly designed to neutralise the Russian Gazprom’s chokehold on European gas imports. George Bush welcomes Ilham, son of the former Azerbaijani member of the Soviet Politburo Haider Aliyev, who succeeded his father as President. Dick Cheney will deliver an identical message to Kazakhstan. The nightmare scenario for the White House and increasingly the Pentagon is an alliance between Russia and Iran, who own half the world’s gas reserves. Iran, finding its gas pipeline access to India and Europe blocked by the US, is increasingly cooperating with the Kremlin to find substitute markets in the Caucasus. The Central Asian gas satrapies are taking advantage of the bidding wars between Russia, China, India and the West over their black gold and blue vapour.


    The Turkmens have signed huge gas deals in China and the Kazakhs have doubled oil pipeline capacity from the elephant Kashagar field to Russia despite Washington’s preference for a Georgian route to the EU. In fact, even as the US opposes Gazprom’s deals in Central Asia, it is doing its best to buy LNG and win equity stakes in the huge Sthokman gas field in the Barents Sea, the last great gasfield in the Russian Arctic. As in the Gulf, the Pacific Rim and West Africa, oil has led to conflicts and even war between states in Central Asia. In June 2001, Azerbaijan and Iran almost went to war when a BP Amoco exploration boat ventured into the Southern Caspian Sea to test drill for oil when Iranian warplanes and Revolutionary Guard gunboats appeared. The five Caspian Sea littoral states could well see their competing territorial claims ignite in future cassus belli.


    Oil politics and international relations are linked in Central Asia. The US acquiesced in regime change in Georgia when the corrupt government of Eduard Shevardnadze was replaced by the reformer Mikhail Saakashvili. Georgia’s President made the fatal mistake of allowing Russian oil and gas companies to buy strategic energy assets and Washington needed to remind Moscow that the Georgian "rose revolution" would also secure American control over its pipelines.


    Just as the US and the Soviet Union competed during the Cold War via proxy armies on the battlefields of Angola, Ethiopia and Afghanistan, so Washington bankrolled the Georgian government and Moscow the Ajarian, Abkhazian and South Ossetian rebels. As in Iraq, Algeria and Indonesia, oil wealth and realpolitik meant civil war in Georgia, Azerbaijan and Kazakhistan.


    Terrorism in Central Asian has direct linkages with the oil states of the Middle East. Petrodollars from the Gulf have funded secessionist movements from Georgia to Chechnya. The West ignored Uzbek President Karimov’s brutalities as long as the Pentagon used his air bases during the attack on the Taleban in Afghanistan. Oil and gas have only spawned despotic regimes in Central Asia, as elsewhere in the Third World.


    Turkmenistan, for instance, is a neo-Stalinist nightmare. Its President is a megalomaniac ex Soviet apparatchik who has promoted a ghastly personality cult whose models are vintage Chairman Mao and Comrade Kim Il Sung. Turkmenbashi, the self styled father of the Turkmen people, echoes the classic boast of Louis XIV that l’etat ,c’ est moi or I am the state. He is courted by Russia and the West since his thuggish, totalitarian regime happens to own some of the most valuable gas fields in Central Asia.


    Stalin’s ghost haunts the chancelleries of Central Asia and its multiple ethnic conflicts. Oil and the Afghan war have forced the US to embrace its despots and warlords. As US interests collide with those of the Kremlin, China and Iran, the oil and gas Great Game in Central Asia will only end in tears.


    Matein Khalid is a Dubai based investment banker

    Your Average Investor


    This past week, I had an opportunity to step away from my office and speak at a couple of conferences. I really enjoy interacting with the general public (that is, people that do not read my commentary or Gold websites on a daily basis!), because it gives me insight on what the typical investor sentiment is. Here are some of the comments that I have heard during the past week.


    "I am not buying Gold; I remember buying it at $850/ounce in 1980!"


    "Jewelry demand is expected to decline. If that's the case, won't the price of Gold decline?"


    "What Central Banks are buying Gold? I thought they have been selling them for the past 20 years!"


    "This is a bubble…and it's very speculative! I wouldn't touch this market!"


    "Are you a Gold Bug?! [Said with scowl on face]


    "What do you mean we have inflation- the Fed says that inflation is in check?"


    "I have been a major believer in Gold for years, but I have been waiting for an entry point!"


    Believe it or not, these statements were actually made to me. At one of my presentations, I asked the crowd to raise their hands if they believed that we were in a commodity bull market. About 25 % of the people in the room raised their hands. I bring these anecdotes up to make the point that your average investor is still not buying into the legitimacy of this bull market. The talk about a bubble is absolutely absurd. We will likely experience a bubble in the Gold market when your average investor starts quoting the percent of reserves that countries have in Gold.


    So what is keeping the general public from buying the legitimacy of this Gold market? If you think about it, this bull market has been around for the better part of five years. We have seen the price of Gold nearly triple during that time. Why aren't people buying into this bull market? Here are some potential reasons and my short cursory response. Maybe you fit in one of these below categories:


    http://www.gold-eagle.com/editorials_05/balarie051106.html

    Gmorning Edel


    Nichts zu danken, der Report hat einige Fakten die man nicht so einfach von der Hand wischen kann.
    Bezueglich den Oilpreis nochmal, ich habe mich verschrieben, die Araber konnten noch vor kurzen fuer 6.5 Barrel Oil eine Unze Gold kaufen.
    Der alte Ratio war 20-25 Barrel, der neue in den letzten ca. 8 Jahren ist ca.15 Barrrel.
    Wenn man die Prognosen von Goldanalysten nimmt dann ergibt sich fuer mich ein absuluter Boden von 60 Dollar bei Oil, selbst wenn es kurzfristig auf die 50 gehen sollte was ich nicht mehr glauben kann ohne endgueltigen Frieden im nahen Osten.
    Wie der Oilpreis in Euro auschaut weiss ich nicht, wir reden nur von USD.
    Man muss hier die verschiedenen Rohstoffe gegen den PoG vergleichen, die meisten sind zu stark angestiegen oder gut mitgelaufen.
    http://www.321gold.com/editorials/hoye/hoye051206.html


    Die 60 Dollar guter Boden hatten wir vor drei Monaten, die sehen wir IMO nicht so schnell wieder.
    Alles ueber 71 Dollar ist Startschuss zum Bullrun, egal wie hoch der Oilpreis geht, die 85-100 Dollar kann ich sehen innerhalb von 12 Monaten.
    Das verdaechtige ist das sich die Aktien genauso wenig bewegt haben wie der HUI der den PoG hinterherhaengt wo Oil bei 61 Dollar war.
    Die sollten nun auch min. 10% hoeher sein, sind sie aber nicht bei Hebel 1:1.
    Wer von Euch kennt den Hebel bei den Oilaktien ??
    Alle Oilproduzenten und Oilfirmen sind profitabel bei dem Oilpreis heute.
    Darum sehe ich nur positives fuer die Oilaktien, die locker 50% steigen werden innerhalb von wenigen Jahren.
    Die Oilproduzenten werden schon dafuer sorgen das es ueber 70 USD bleibt um den Wertverlust des USD auszugleichen.
    Die neuen Oilboersen die nun mit Euro handeln werden den Dollar kraeftig zusetzen, eine neue Revange der Muslims.
    Sicher es werden weniger Benzin verbrauchen wenn sie kein Geld haben zum rumfahren, aber heizen muessen sie alle.
    Kann sein das der russische Rubel der neu Loonie in Europa wird, wie alle Laender die Rohstoffe im Boden haben.


    Ja da gibt es noch andere cats die cool sind, Edel. :D
    You got to be smart if you deal or hold the USD.


    Wish you a nice weekend


    Gruss


    Eldo


    hier noch einer....http://www.gold-eagle.com/editorials_05/barisheff051106.html

    Klar Bobelle, Boots hatte nicht viel zu loeschen, aber wer weiss wie die Zahlen sind wenn ein Oilfeld brennt.
    Ich habe die vor kurzen gut verkauft, jetzt bei der Chart sieht sie wieder zum kaufen aus.
    Well, das Ist ein Feuerloescherstock, wer weiss ob der zum Einsatz kommt.
    Viele haengen eben bis nur an der Wand.


    Gruss


    Eldo

    Hallo Saccard



    ""Schließlich bunker ich zuhause auch physisches Blei zum Geschossgießen.......""


    Manche brauchen das wie Oil, ein Gruener schiesst nicht, der protestiert.


    Du bist anscheinend fuer alles vorbereitet, ich habe mir einfachhalber fertige Patronen gekauft und brauche nichts giessen.


    Pass auf das du keinen Bleifuss bekommst, besonders wenn du faehrst. :D


    Wahnsinn was manche so bunkern, wer es braucht soll es auch tun.

    Gogh ich habe ein wenig Milch verkauft hatte fast die ganze Kantine. :D
    2 Liter reichen im Kuehlschrank.


    Solar,Kohle und Uran habe ich auch nur wenn Holz nichts mehr bringt und als Gegenwaffe wenn weniger Oil verbraucht wird in einer Rezession oder Finanzchaos wie Saccard meint.


    Aber die Zeiten wo ich 100% in Gold und Silber investiert war sind nach Profitnahmen eben vorbei.
    Man soll nicht auf einem Bein stehen heisst es so schoen, ausser man pokert wie Saccard der Gold und Minenbug. ;)


    Wie auch immer, die Aktien bei Energie (Solar,Oil,Gas) ruehren sich genau so viel wie der HUI und das kommt mir verdaechtig vor.
    Die Uran und Kohle laufen gut ...bis jetzt. !


    Die 25 % die ich in den Bereich gesteckt habe sind mit einem Stoploss gesichert, die sind weniger volotile als ein HUI im Crash.


    Mein Cash habe ich nun ausgegeben, somit auch 100% investiert.


    Was immer auch jetzt kommt werde ich soweit wie moeglich halten.


    Der Fruehjahrsputz ist erledigt.


    Gnight


    XEX



    Le Metropole Members,


    Gold Bugs :D


    By Peter McKay
    The Wall Street Journal
    Thursday, May 11, 2006


    Investing pros have begun pondering the possibility that gold will hit a record over $800 a troy ounce soon. This means that the gold bugs -- that patchwork of sometimes offbeat investors who love the shiny stuff -- are happier, and louder, than ever. =)


    Gold futures for May delivery have risen this week 3.2%, or $21.50, to a 25-year high of $703.70 per troy ounce. In the past two years, prices have soared 86%.


    "We all said what was going to happen and why," says Bill Murphy, an ex-professional football player and trader who heads up a group that goes by the name Gold Anti-Trust Action Committee, or GATA.


    There are lots of reasons behind the move: For one, the dollar has weakened, and seems headed lower. When people lose confidence in paper currency some turn to gold, which is still seen in some parts of the world as an alternative store of value, despite many years in disfavor. This reputation as a store of financial value means it is also seen as a hedge against inflation, which shows signs of picking up, and against political turmoil, like say, turmoil in Venezuela, Iran and Iraq.


    For some gold bugs, though, it's rarely that simple. Back in 1999, when gold was at multiyear lows around $250, GATA argued the metal's price was being artificially suppressed by a cartel of large private banks selling borrowed gold, much of it on loan from powerful central banks. The latest stage of the rally, Mr. Murphy says, is because Russia has become a heavy buyer, helping to squeeze the alleged cartel. :D


    "They're a little conspiratorial, for me even," says money manager Peter Schiff, an outspoken gold bug himself. "I don't know if there was any real orchestrated event."


    Whatever the case, the gold bugs aren't alone anymore. :D
    The investment audience for the precious metal is broadening as hedge funds and others seek alternatives to stocks and bonds. Because the gold market is relatively small, in terms of physical metal available and the number of investors who have traditionally participated, even a small increase in mass appetite for the metal can result in more price increases.


    Pick your reason. Gold seems headed higher still.

    -END-

    2 300 held for murder in 3mths


    viele rennen noch rum, zu viele X(


    2006-05-11



    More than 2 300 suspects were arrested for murder and 1 619 for attempted murder between January and March this year, the government has reported. Cape Town - More than 2 300 suspects were arrested for murder and 1 619 for attempted murder between January and March this year, the government's justice, crime prevention and security cluster of ministries reported on Thursday.
    A further 3 967 arrests were made for rape, 423 for indecent assault, 11 445 for common assault, 3 614 for aggravated robbery and 4 010 for common robbery, Correctional Services Minister Ngconde Balfour told reporters.


    More than 5 500 law-enforcement operations were held during the period, focusing on contact crimes.


    Nearly 300 repeat offenders have been identified, of whom 77 were arrested, said the minister.


    More than 55.5ha of dagga plantations were sprayed and 38.8 tons of the drug worth R38.85m destroyed.


    A total of 12 883 people were arrested for drug-related crimes and 16 illegal laboratories dismantled.


    Eradicating duplications


    Eighteen suspects in 11 corruption cases were arrested, as well as 45 syndicate leaders and 52 syndicate runners.


    Balfour said the police had been allocated 11 000 posts for the 2006/'07 financial year, bringing the total staff complement to 162 000.


    "In order to improve service delivery to communities, the SA Police Service has re-engineered all its present processes and is in the process of eradicating unnecessary and duplicated functions and activities."


    Steps were also underway to flatten the police hierarchy and boost capacity at police-station level. Staff at station level was to be boosted by almost 35 000.


    Balfour said R60m had been set aside in this financial year to call up 8 000 police reservists, growing to R80m for 15 000 next year, and R120m for 25 000 reservists in 2008.


    The minister announced a declining trend in the prison population, dropping from 187 000 in 2003 to 156 000 last year.


    The number of awaiting-trial detainees dropped from 52 313 in January last year to 46 327 in December.


    "The department is considering introducing parole conditions for certain categories of offenders who display clear conduct or effective rehabilitation," he said.


    Cases arising from TRC


    "This will exclude those that have committed serious crimes such as murder and armed robbery."


    The national prosecuting authority was conducting an audit of all criminal cases arising from the work of the Truth and Reconciliation Commission.


    Balfour said: "Sixteen cases are being further investigated and interaction with the victims and their families has been established.


    "The NPA is preparing possible charges and conducting research on anticipated defences in these cases."