The Myth Of Nabucco: Greed, Delusion and $11.4 Billion

[Robb]

...This covers a lot of ground that may be new to some DUers, but give it the time it deserves. It's more information on what I've been ranting about: that with Turkmenistan and (apparently) Azerbaijan "defecting," we have already lost the Energy War with China.

The Myth Of Nabucco: Greed, Delusion and $11.4 Billion

(snip)

...Inside Beltwayistan, a number of Bushevik oil patch zombies still roam the recession-blasted landscape mindlessly chanting their Caspian mantra, “Happiness is multiple pipelines” - with the caveat that they flow westwards and bypass both Russia and Iran. They’ve now added a new word to their vocabulary, “Nabucco,” and worse, have bitten a number of Obama administration officials and visiting European politicians, who have joined their shuffling ranks.

Their thinking remains somewhat clouded by primordial memories of Bush’s “fuzzy math,” as the statistics about Nabucco are contradictory, to say the least. State Oil Company of the Azerbaijani Republic (SOCAR) vice president Elshad Nasirov is now threatening to start selling Azerbaijan’s natural gas, currently Nabucco’s sole projected provider of throughput, to Asian countries if Europe further postpones Nabucco’s construction....

[Robb]

1. Hm. Perhaps a kick. nt