ExxonMobil to Start Drilling in Russian Arctic - Despite Sanctions - Polidicks

Commerce makes the world go round: [URL]http://uk.reuters.com/article/2014/08/09/russia-rosneft-exxon-mobil-idUKL6N0QF0B220140809[/URL] [QUOTE]U.S. oil giant ExxonMobil began drilling in Russia's Arctic on Saturday, despite Western sanctions imposed on its Russian partner Rosneft, and was hailed by Russia's president as an model of "cooperation". Although U.S. sanctions over the crisis in Ukraine are not designed to halt joint projects by Russian and U.S. companies, they nevertheless aim to starve Rosneft of dollar financing and ban access to modern technology. "Today, commercial success is driven by efficient international cooperation," Vladimir Putin told Rosneft CEO Igor Sechin and Glenn Waller, ExxonMobil's lead manager in Russia, on a videoconference call from his Black Sea residence in Sochi. "Businesses, including Russian and foreign companies, perfectly realise that and despite certain current political difficulties, pragmatism and common sense prevail, and we are pleased to hear that," he said. Exxon brought a rig from Norway to drill Russia's first well in the Kara Sea and its move will be seen as a vote of confidence in Rosneft, run by a close ally of Putin's, Igor Sechin, who has also had sanctions imposed on him by Washington. "We of course welcome this approach (to cooperate) and are from our side are open to expand our cooperation," Putin said. "I am convinced that the joint projects between Rosneft, Exxon Mobil and other companies will benefit our national economies, will contribute to strengthening the global energy situation," he said. Waller, who spoke Russian, said the company was keen to keep working in Russia. "Our cooperation is a long-term one," he said. "We see big benefits here and are ready to work here with your agreement."[/QUOTE]

guys, the sanctions are going to make Putin drop onto his knees any second now watch closely guys, he will be begging and shit, it will be great any second now, guys, just wait for it, waaait for it

Corporations value the mighty dollar over their own mother country, who would have thought? This really is some disgusting traitorish shit.

When I opened up this thread all I could think of was money.

Global economics transcends politics, and in cases where it doesn't it probably should.

What is the US government going to do? Sanction Exxon? Hahaha, on what planet?

[quote]cooperation[/quote] [quote]pragmatism and common sense prevail[/quote] not exactly the words i would use but hey

What can the US Government do, Mobil/Exxon could threaten to raise gas prices cause they can't get a steady flow of oil. If the US Government does anything the oil prices will sky rocket. Honestly they should make an example for not following sanctions, but at the same time it causes so much more hurt to the US Population. I'd be willing to take the hurt but the rest of the population can't.

[QUOTE=CubeManv2;45645915]What can the US Government do, Mobil/Exxon could threaten to raise gas prices cause they can't get a steady flow of oil. If the US Government does anything the oil prices will sky rocket.[/QUOTE] Use the force of the US military to seize all of ExxonMobil's assets. Yes, that would be pretty drastic and/or insane.

But government ran oil company would be 100% subject to EPA regs and shit. It'd be okay.

[QUOTE=draugur;45646977]But government ran oil company would be 100% subject to EPA regs and shit. It'd be okay.[/QUOTE] You mean the 93 gas i buy would actually be 93?