Cyprus-Forum.com

[Nikitas]

They give the impression that they are technically capable of extracting the gas from 4000 meters down. Yet they are incapable of building a crack free foundation for the Akuyu nuclea plant, which is on the surface and the technology is reinforced concrete slabs.

They really have the knack for theatrics.

[Maximus]

Knowing their luck, they will find nothing.

On the remote chance that they do, the probability of them turning a profit on it are slim to none.

They have already spent a lot on the drill ships. They would have to spend more on infrastructure to transfer and transport it. They would have to spend even more on the military means to secure it. Then the risk is exceptionally high that the eu will sanction it.

All that is if they have the ability and expertise to extract it.

What they have failed to realize from their greed, jealousy and reason to compromise in pursuit of their desire to be a gas conduit to the eu is that the eu won’t allow them to steal gas that belongs to its members only to sell it back to them and use it further for political black mail. I think they learnt their lesson from the migrant crisis. Having given billions to erdogan in aid to help, the Turkish authorities are now engaged in human trafficking these migrants to eu countries.

Further more, the political and economic ramifications to enter this illegal game will cost turkey an arm and a leg as far as their existing economy is concerned. Turkey is on the verge of bankruptcy and has sanctions from its main trading partners looming. Before erdogan leaves office, he will probably be at the imf’s doorstep seeking a 25 year loan. that will come with conditions of severe austerity and restructuring.

Mega projects of the century, cronyism and bribes, adventures abroad, theft and occupations of other people’s lands all have a price. For an economy that is a periphery economy on the world stage, she can ill afford it.

Turkey margined herself immensely and borrowed in foreign currency to the hilt. All to put on a show of prosperity and success. Erdogan just rented an expensive lifestyle for a decade and a half to put on a show, consolidate power, sort out his mates and to swindle the country at large. The repayments are now due and they have gone up drastically through currency devaluations, unemployment and rampant inflation..

Crime doesn’t pay and every Turk will pay a huge price for their miscalculations.

Turkeys trajectory is not politically or financially sustainable.

[repulsewarrior]

“We know the political sensitivities between Turkey and Cyprus in relation to the Yavouz drilling site and that is why our ships will not support their operations in Cypriot waters”, was the answer to the relevant questions of the Cypriot newspaper Phileleftheros, from the Dutch parent company «Vroon Offshore Services», the owner of offshore oil service vessels VOS PRIME, VOS PRINCE.

https://defence-point.com/2019/07/09/fo ... ff-cyprus/

...it is no surprise, because it is illegal.

[Maximus]

Erdogan needs to create distractions at home because everything is unravelling.

Now he is trying to pick a fight with the eu so he can use them as a scapegoat when the economy goes down the shoot. It wouldn’t surprise me if this is one of the things this is really about. let get realistic, it’s such a long shot that turkey will find, extract, transport and monetize any gas.

Erdogans main obstacle now is finding enough scapegoats for the problems he has created.

he was saying himself very recently, that unless the central bank restructures and gets on board with his economic program, the country will face serious problems. Like he knows what he is talking about and the previous central bank governor didn’t.

He is trying to bend the economy to his will, and Pursue a policy of growth and cheap debt at any cost.

Now with control of the central bank, he wants to restructure it and lower interest rates. His economic theory between the relationship of interest rates and inflation goes contrary to basic economic management. Interests rates should remain sky high because he burnt the economy and it needs to cool off. Saving should be encouraged and borrowing discouraged, plus counter balancing inflation.

However, investors see that turkey is not a rules based or credible country. there is no independence of institutions and fiscal policy is being completely mismanaged, so capital is fleeing.

Erdogan is fighting to remain relevant when he is long past his expiry date.

On top of all that, prison cells are in short supply at the moment. Erdogan and his main ally, the fascist party, are looking to pardon 100’s of thousands of convicted criminals to free up some space for the opposition. I bet he will exchange freedom for votes at the ballot box for them, like he traded rights for bread with the peasants.

You couldn’t make this up but it reminds me of the story about Nero fiddling while Rome burned.

[repulsewarrior]

http://www.financialmirror.com/blog-det ... p?nid=2282

Security tops energy, Cyprus conundrum headache for NATO

...well written update, worth reading.

[Lordo]

They give the impression that they are technically capable of extracting the gas from 4000 meters down. Yet they are incapable of building a crack free foundation for the Akuyu nuclea plant, which is on the surface and the technology is reinforced concrete slabs.

They really have the knack for theatrics.

more bullshit

no country is able to extract gas from 4000 meters below the sea. they employ energy corporations to do it.

all they are doing is establishing the existance of the resource. i am sure putin will be only too pleased to bring in one of the russian corporations to do the extraction for them

do you have any more bullshit.

[repulsewarrior]

...do you honestly think that Russia will come to Turkey's aid? I don't.

[Maximus]

...do you honestly think that Russia will come to Turkey's aid? I don't.

Putin will discard erdogan once his usefulness has expired like a cat discards a rats carcass.

Erdogan is being used by Putin to create problems between turkey, and the eu and the west.

[Lordo]

so anastasiades rejected akinci's proposal on resources rather than putting a counter proposal. so what does that say about anastasiades's intentions. will he ever agree to anything, i fear not. not even god will be able to help you, but no doubt the usual suspects will cream like a bitch when push comes to shove looking for somebody to come and save them. when you poke a stick into the hornest nest you must expect to be stung.

https://cyprus-mail.com/2019/07/20/akel-president-should-make-counter-proposal-to-akinci-on-gas/

[Maximus]

It’s not what it says about stassi’s intentions but what this says about akingi’s.

Pick one,

Separate state or roc?

If the latter, you have no rights to the gas or any resources, or benefits outside of your so called state. If the former, then you must dismantle the “trnn” and turkey must withdraw from Cyprus.

In all cases, we are talking about the republic of cyprus’s Eez and it is her natural resources no matter what you choose.

You want Your cake and to eat it at the same time and this is why you are the Cyprus problem.

There is no legitimacy or credibility to you.

At the moment, and to most of us in the civilized world, You (like the Turkish leadership) sound like a complete moron.