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extracting resources

How can we solve it? (keep it civilized)

Re: extracting resources

Postby Nikitas » Fri Jun 28, 2019 12:18 pm

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.
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Re: extracting resources

Postby Maximus » Fri Jun 28, 2019 2:44 pm

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. :roll:

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.
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Re: extracting resources

Postby repulsewarrior » Thu Jul 11, 2019 12:35 am

“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.
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Re: extracting resources

Postby Maximus » Thu Jul 11, 2019 2:02 am

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.
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Re: extracting resources

Postby repulsewarrior » Fri Jul 12, 2019 7:20 pm

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

Security tops energy, Cyprus conundrum headache for NATO

...well written update, worth reading.
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