Friday, February 27, 2015

Political Hernia for the West...

Since I still interact with the pressure vessel, power and piping industry...occasionally... I can tell you something about the buzz that circulates....From glee and rapture, it is gradually trending to queasiness and the runs. What started out as an arrogant attempt to corner Russia and Iran (under the cover of higher morality in international affairs), bankrupt them, start wars on their borders and continuously make the Russians look like drunken oligarchs with no intellectual abilities....and of course no sense of history...meanwhile that little querulous, distemperate, naggy, neocon, historically challenged Nuland ( whom Obama maintains dutifully in his stables) and her "fuck the EU" coup d'etat in Kiev, this whole manipulation has started to backfire...
The Shale gas out of North Dakota (Bakken) which brought a boom to the US gas industry...is now in doldrums...(they thought they would sit and watch while Russia got squeezed)  because although it is gas, it is all ultimately dictated by barrel prices and at 50$ it is also in trouble....(Notice how price at the gas pumps still remains high...so the oil majors are raking in higher revenues, despite the drop..pass on savings to people? what? )


 So hundreds of orders are being cancelled...Quietly....Watch what happens now. Job loss across the board from all subcontract sources....starting out in the US, Canada and all the way to Asia. From piping and software to steel and castings. Shell has pulled out of Tar Sands. Hundreds of layoffs happening all along the Prairies in Canada..It has a domino effect on the companies as well in ancillary software, mechanical maintenance, business intelligence units, travel......
So as you sow, so you reap..or better... as you tighten your sado-political belt, you get the hernia yourself .. As you choose to go to brinkmanship, you will falter and step over a few rocks and then you will trip on the boulder, just over the edge...

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