Shanghai — China and Russia signed a $400 billion gas deal giving Moscow a megamarket for its leading export and linking two major powers that, despite a rocky history of alliances and rivalries, have drawn closer to counter the clout of the United States and Europe.
The 30 year deal which Mr. Putin called an “epochal event,” will lead to pipelines and billions of dollars in investments by these two nations. This also solidifies a Russia-China alliance that puts the US and it's NATO allies trailing behind. Back in 2012 the Obama Regime blocked the Keystone Pipeline which is a 1,661 mile pipeline from Canada into the US including Nebraska, Illinois, and the Texas Gulf Coast. This pipeline would create over 20,000 jobs and produce over 700,000 barrels of oil a day; while bringing industry and respect back to the former United States.
With western sanctions over Russia following the Ukraine crisis this deal once again puts Russia into the global market despite the European Union, United States and NATO all being against them. Providing lower gas prices than the EU China also offered a loan of $50 billion dollars and gas is expected to start flowing by 2018.
Our government it seems for awhile now hasn't been good at anything except military force so don't expect us or our children to have industry come home. Our bridges are collapsing, our railroads are over 100 years old and we a have millions of barrels of oil in Alaska and the Gulf Coast we aren't allowed to pump. Only the entrepreneurship spirit which built this country will save this country. It's up to all of us to do what we can for ourselves and others; working together we can overcome.
-Sodaghar 6/4/14