zan wrote:Paphitis wrote:zan wrote:Paphitis wrote:BBF has been used too loosely.
What was offered in the past was not a Federation! So why call it a Federation? It's false advertising!
If you read between the lines here Paphitis, it is saying that the Russians are quite happy for the status quo to continue.
That way, the hydrocarbons stay in the ground.
Russia and the US are just having a bitch fight hissy fit!
Believe you me that Russia is going to be a very big problem because of what they are doing to Ukraine. Also, they don't give a rats arse about Cyprus!
The hydrocarbons won't stay in the ground. What's Russia gonna do? Annex Cyprus? lol
Not annex mate but make sure the two sides don't agree. It cannot have the gas coming to the EU yet.Don't forget we have the USA on the other side. The "RoC" don't want the pipe to run through Turkey either but the EU and USA don't think there is too many other options. It is all one big mess with us in the middle.
Zan, I don't think the Americans give a stuff whether the 2 sides in Cyprus agree or not.
The gas is going to market because that is what the Yanks want and it is what the EU needs and then there is Israel itself which will pipe the stuff through Cyprus.
Noble Energy has been placing its rigs in Cyprus Spending hundreds of millions dollars. They are gonna want to get their money back and then some.
Even an Australian Company is about to buy a share for 2 billion dollars. It's gone beyond the point of return.
Cyprus will have an Energy Boom within 8 tears from now.
And don't ever presume that these oil companies are not aware of the political situation in Israel or Cyprus. They know the risks and quite frankly they don't even take Turkey seriously and have called her bluff. When they start spending money, you can bet its for a reason. And if Turkey causes any problems, they will probably just support a Military Coup and install their own puppet or punish Turkey in other ways. Fact is, Turkey won't cause any problems because it simply knows it will be shoveling shit uphill!