Monday May 20, 2013
Myanmar (Burma), the Next U.S. War...Dr. Sanford Pinna Special to Salem-News.com
Hillary Clinton goes to Burma, why?
(ORLANDO, FL) - Secretary of State Hilary Rodham Clinton met with Myanmar pro-democracy leader Aung San Suu Kyi, who said she hoped it would set her long-isolated country on the road to democracy. Clinton’s landmark visit, the first visit by a U.S. senior official in 50 years, was in a show of good faith with Myanmar’s new civilian government pledge to forge ahead with political reforms and to re-engage with the world community.
Suu Kyi met with Clinton on her lakeside home, where she has spent much of the past two decades under house arrest and thanked her for her “steadfast and very clear leadership.”
Clinton and Suu Kyi held two meetings in as many days. “You have been an inspiration but I know that you feel you are standing for all the people of your country who deserve the same rights and freedoms as people everywhere,” Clinton told Suu Kyi.
Oil companies look to exploit Burma
While Burma’s military junta cracks down on pro-democracy protests, oil companies are busy jostling for access to the country’s largely untapped natural gas and oil fields.
Just last Sunday – as marches led by Buddhist monks drew thousands in the country’s biggest cities – Indian Oil Minister Murli Deora was in Burma’s capital Rangoon for the signing of contracts between state-controlled ONGC Videsh Ltd and Burma’s military rulers to explore three offshore blocks.
Companies from China, South Korea, Thailand and elsewhere are also looking to exploit the energy resources of the desperately poor Southeast Asian country.
France’s Total SA and Malaysia’s Petroliam Nasional Bhd, or Petronas, currently pump gas from fields off Burma’s coast through a pipeline to Thailand, which takes 90 per cent of Burma’s gas output, according to Thailand’s PTT Exploration & Production PLC.
But investing in Burma has brought accusations that petroleum corporations offer economic support to the country’s repressive junta, and in some cases are complicit in human rights abuses.
The military’s bloody clampdown on the protests this week have intensified calls from international activist groups for energy companies to pull out of the country. military rulers. At least 13 people have been killed in violence since Wednesday.
Burma’s proven gas reserves were 538 billion cubic metres at the end of 2006, according to BP PLC’s World Review of Statistics. While that’s only about 0.3 per cent of the world’s total reserves, at current production rates and Thailand’s contract price for gas, the deposits are worth almost $US2 billion ($A2.28 billion) a year in sales over the next 40 years.
“It points to the potential that Myanmar (Burma) has,” said Kang Wu, Senior Fellow at the East-West Centre.
Altogether, nine foreign oil companies are involved in 16 onshore blocks exploring for oil, enhancing recovery from older fields, or trying to reactivate fields where production has been suspended, according to Total’s website.
Offshore, nine companies, including Total, Petronas, PTTEP, South Korea’s Daewoo International Corp and Chinese state-run companies China National Offshore Oil Corp, or CNOOC, and China Petroleum & Chemical Corp, or Sinopec, are exploring or developing 29 blocks, Total said.
A block is an area onshore or offshore in which an oil company is granted exploratory and discovery rights.
Despite economic sanctions against Burma by the United States and the EU, Total continues to operate the Yadana gas field, and Chevron Corp has a 28 per cent stake through its takeover of Unocal. Existing investments were exempt from the investment ban.
Both Total and Chevron have broadly defended their business in the nation.
“To those who ask us to leave the country, we reply that far from solving Myanmar’s problems, a forced withdrawal would only lead to our replacement by other operators probably less committed to the ethical principles guiding all our initiatives,” Jean-Francois Lassalle, vice president of public affairs for Total Exploration & Production, said this week in a statement.
Earlier this week, French President Nicholas Sarkozy urged Total to refrain from new investment in Burma, prompting the French concern to say it had not made any capital expenditure there since 1998.
Chevron’s interest in the Yadana project is “a long-term commitment that helps meet the critical energy needs of millions in people in the region,” said Nicole Hodgson, corporate media adviser for Asia.
Total and former partner Unocal Corp were accused of being complicit in forcibly relocating people while a pipeline was being built across Burma to Thailand in the 1990s. They were also accused of using forced labour and cooperating with the military in creating a militarised zone where rape, torture, murder and other human rights violations occurred.
Dr. Pinna says:
The U.S. is just pulling out of Middle East. Since the U.S. has been in war constantly since 1946 it needs another country to attack.
The country to be attacked needs to have two qualifications:
1. Be a non-democratic country. (For example, Iraq.)
2. Have oil in the ground to be given to the transnational oil corporations.
This provides the U.S. industrial-military complex with profits from sales of military gear to the U.S. Government. Then after the war the oil goes to the large oil corporations.
These two entities support and control the U.S. Government.
This means that we can see a war in Myanmar (Burma) within two years.
But the U.S. needs public support when it goes out and kills people. There still is a Congress in the U.S.A.
Remember this article.
When the headlines start talking about the tyranny of the Myanmar government and how some country needs to protect the Myanmar people and bring “Democracy” to them, you will understand that the international oil cartels are about to get richer.
At that point buy oil stocks. They will go up.
Sanford Pinna M.D.
Dr. Pinna was born into an Italian and Austrian family and was exposed to English, Italian and German. He managed to learn these three languages plus Spanish and French as an adult. He has four children, two of whom are also doctors.
Education & Career
After graduating from high school he joined the U.S. Marine Corps and spent three years as a meteorologist with the Marine Corps Air Force. He then graduated with a BA degree in Economics from the University of the Americas in Mexico City. After returning to the U.S. he worked on a Merchant Marine ship as a Purser, traveling to most parts of South America.
He finished the courses for a Masters Degree in Philosophy at The New School for Social Research and then went on to study medicine at the University of Bologna in Italy. As a physician he worked as an Emergency Doctor in a large city hospital in Florida. He then opened his own clinic.
Dr.Pinna founded Foreign Currency Exchange Corp (FCE) in 1987. FCE was subsequently sold to the Bank of Ireland. He then became, and is currently a member of, the Board of Directors of Currency Exchange International (CEIFX), whose CEO is his son Randolph Wolfgang Pinna. Dr. Pinna is strongly involved in the Foreign Currency market even today.
He has written several articles for Barrons and has numerous posts published in the Financial Times under the pen name of “il Sardo”. His words continue to circulate around the world with thousands of unique visitors daily from around the globe visiting his website drpinna.com. He has authored several electronic books, including the Economic Riptide.
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