Oil price slump puts at risk clean energy push, experts say

Falling oil prices hinder global efforts to develop renewable energy sources, experts warned on January 17 at a conference in Ab
Falling oil prices hinder global efforts to develop renewable energy sources, experts warned on January 17 at a conference in Abu Dhabi

Falling oil prices could have a negative impact on global efforts to develop renewable energy sources, experts warned Saturday at a conference in Abu Dhabi.

Oil prices have fallen by almost 60 percent since June, crashing on worries over global oversupply and weak demand in a faltering world economy.

Participants at the International Renewable Energy Agency (IRENA) conference that opened Saturday in the oil-rich United Arab Emirates (UAE) said the trend could spell doom for plans to shift to clean .

The fall in could be a "game changer", Italy's Deputy Minister for Economic Development Claudio Vincenti told the two-day meeting.

Oil price rises in the past encouraged clean energy investments, said Vincenti, adding that a long-term fall in prices could shift the balance among various energy sources. He did not elaborate.

Salem al-Hajraf, representing oil-rich Kuwait at the conference, agreed that falling oil prices posed a "major challenge" this year as was the case two decades ago.

"The fall of oil prices in the 80s was a main reason behind the collapse of many projects," he told participants.

Renewable energy, which relies on solar, wind and other sources, is essential for meeting global CO2 emission targets.

Falling oil prices hinder global efforts to develop renewable energy sources, experts warned on January 17 at a conference in Ab
Falling oil prices hinder global efforts to develop renewable energy sources, experts warned on January 17 at a conference in Abu Dhabi

Delegates from more than 150 countries attended the opening session of the IRENA conference, including Israel with has no diplomatic ties with the UAE.

Representatives from more than 110 international organisations are also taking part in the meeting.

"The story of renewables is rapidly evolving and as the importance of renewable energy grows, so does the relevance of the agency's work," IRENA director general Adnan Amin told the conference.

He said that total world investments in renewable energies had reached $264 billion in 2014, $50 billion more than the previous year.

At the meeting, the Abu Dhabi Fund for Development, in partnership with IRENA, will announce a series of loans for five renewable energy projects in developing countries, organisers said.

Abu Dhabi-based IRENA, with 137 member states and the European Union, aims to promote the sustainable use of all forms of renewable energy.

Falling oil prices hinder global efforts to develop renewable energy sources, experts warned on January 17 at a conference in Ab
Falling oil prices hinder global efforts to develop renewable energy sources, experts warned on January 17 at a conference in Abu Dhabi

Future energy and water summits

The conference coincides with a series of events organised under the banner of Abu Dhabi Sustainability Week, including Future Energy Summit and an International Water Summit, both on Monday.

Egyptian President Abdel Fattah al-Sisi is expected to attend Future Energy Summit while French Energy and Environment Minister Segolene Royal will take part in the water summit.

Abu Dhabi is to display a solar-powered plane, Solar Impulse 2, that does not use any fuel and which will fly out from the Emirati capital in March on a five-month tour, according to energy company Masdar.

In March last year, Abu Dhabi opened the world's largest operating plant of concentrated solar power, which has the capacity to provide electricity to 20,000 homes.

The Gulf region is one of the world's richest areas in sunshine but lagging far behind several other countries in harnessing the energy.


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Jan 17, 2015
I'm glad to see this issue getting some of the attention it deserves. These oil prices are unsustainably low, but they will probably set back the trend to non-carbon energy by 5 years. For example, at $4/gallon for gasoline the electric car looked viable economically, but with gas at $2/gallon electric cars are for people who want to make a statement.

This would be a good time for a $20/barrel import duty on imported crude. (Don't worry Canadians, we have a FTA so it couldn't apply to Canada and Mexico.)

Jan 17, 2015
Oil price slump puts at risk clean energy push, experts say


Huzzah!

Stop the needless and stupid. Kill inefficient alternative energy production.
http://www.greent...e-energy

Jan 17, 2015
I agree with Shakescene21. If it was only 5 years then it wouldn't be so bad. One can only hope - or vote for a government that takes a rational response, i.e. cap and trade or carbon tax.

Jan 17, 2015
marcush,

"Cap and trade" and "carbon tax" in the same sentence. Impressive socialism.

Jan 17, 2015
Brent sweet crude has simply moved to the price of Texas sweet crude. This signifies the collapse of the petrodollar. Since the US economy is based upon the petrodollar, and it has collapsed, sustainable energy will be the least of the West's problems. Russia has shut off gas to five European nations. The Shangai Cooperative will form a new trading alliance while the West's economy unleverages. Already the Swiss have unpegged from the euro and the euro collapsed. Next Hong Kong will unpeg from the USD and precipitate collapse of USA fiat currency. Chinese are already trading passports for money in New York building projects

Because USD is based upon nothing but bankster cooperation and fear the currency will become too volatile and red "shit" dollars will be issued as a domestic currency

KBK
Jan 17, 2015
The oil oligarchies, their violent ways, and violent connections, their sociopath mentality...are felling the pinch.

Keep kicking them until they are dead dead dead.

Do not stop, do not cease. Get it done.

Jan 17, 2015
As far as I can figure this is a manufactured crash that was created by the US and Saudi Arabia to hurt the Russians and hurt the Islamists that are trying to take over the Middle East. Also the US president is very much against fossil fuels and if half of our oil companies go bankrupt all the better as far as he is concerned.

In a few short years of this, North American production will be bankrupted and Opec will have a virtual monopoly. Oil will be $200 a barrel and the West will freeze and starve. Putin will be laughing his A$$ off. This will not end well for the US, expect a severe depression.

Jan 17, 2015
marcush,

"Cap and trade" and "carbon tax" in the same sentence. Impressive socialism.


The dumping of waste from hydrocarbon combustion into the atmosphere, where it has entered onto my property, violates my "property rights". CO2 levels have been rising because the view that the atmosphere, unlike land, is communal property. It is "socialist" to assume that I should not be properly compensated for this violation of my "property rights".

Jan 17, 2015
ekim,

All your neighbors and their pets exhale CO2 which "enters onto" your property. So do you, for that matter.

CO2 is an essential part of the atmosphere. Without it, you would soon expire.


Jan 17, 2015
ekim,

All your neighbors and their pets exhale CO2 which "enters onto" your property. So do you, for that matter.

CO2 is an essential part of the atmosphere. Without it, you would soon expire.


Exhaled CO2 comes from the food I consume. By planting crops I remain carbon neutral. The carbon on my property remains on my property.
Mining and drilling for hydrocarbons, however, releases trapped carbon which is not replaced or renewed, except when carbon capture is used. The carbon you own is still your property, even after it is combusted, and you have a responsibility to account for it's whereabouts. By "socializing" it's disposal, and spreading it around, you violate my rights.

Jan 17, 2015
As far as I can figure this is a manufactured crash that was created by the US and Saudi Arabia to hurt the Russians...
I'm no economist, but AFAICS this is manufactured by Saudi Arabia to pressure North American shale oil and tar sand producers by dropping prices below their production costs, thus improving SA's market share. Here in Nevada, we see gold mines that start and stop production based on whether the gold price is above or below a given mine's production costs. Seems to me that once oil prices rebound past a certain point (far lower than $200/barrel), the shale and tar sand producers (whose mines, shafts and equipment will largely remain in place) will restart, and all that SA will accomplish is to set a ceiling on future oil prices marginally above the shale oil production cost. How this is a viable long-term strategy escapes me, but presumably they are far better at this than I am, but I still wonder if they have grossly miscalculated here.

Jan 17, 2015
This will not end well for the US, expect a severe depression.
I expect an economic boom in the US. Lower fuel costs are a huge shot in the arm--ask any airline. Less money spent on gas means more money to spend in restuarants and on consumer goods all of which leads to increased employment, exactly what the US needS for continued economic recovery. If low imported oil prices are somehow a bad thing, then an import tariff such as Shakescene21 suggests would fix that, but (and again, I'm no economist) I can't imagine how that would be the case. Employees of the tar sand mines and shale oil fields will feel the pain, but I sure won't, nor will most friends and family I can think of. How does this turn into a severe depression? Seems to me that Saudi Arabia's OPEC partners will be squeezed most by this move.

Jan 17, 2015
We were paying around AUD 7 per gallon, now with the price drop it's around AUD 4.60 a gallon. I can't recall when we last paid AUD 2 a gallon, that's about 53 cents a litre and lowest /oldest price I can remember is 60 cents a litre in 1994.

$2 a gallon wow.Mind you Australian minimum wage is just under $17/hr so to be honest we're probably comparing apples and oranges

Jan 17, 2015
ekim,

The carbon you own is still your property, even after it is combusted, and you have a responsibility to account for it's whereabouts. By "socializing" it's disposal, and spreading it around, you violate my rights.


Sorry. I thought that you had simply not thought about your statements.
Irrationality is not always immediately apparent.

Jan 17, 2015
Is this likely to lead to reduced investment in renewables? You know it. Due to the well-documented inability of our elected representatives to remember anything older than their last Lobbyist's visit/"campaign contribution" aka INDUCEMENT, or to look further ahead than the next one, this would be the inevitable(and ENGINEERED)outcome.

Which is precisely why we need to double, treble, quadruple...whatever level of investment it takes to go renewable, and utterly abandon fossil fuel at all costs.

Look, y'all-- you couldn't ask for a more pointed, naked display of BigCarbon's power than this. I don't know how many of you remember -or are at least familiar with-- the Oil Embargo of the 70s, but this is it all over again --only this time, in reverse.

What BigCarbon is saying, in a voice of 10,000 brazen trumpets, is: "where the fuck do you think you're goin', jaggoff? We ain't done with you!"(I lifted most of that from "Goodfellas" -with good reason).

ctd

Jan 17, 2015
Russians? Canadians? PFFFFT!

Do those upstart clowns really think that they have the worldwide network of power, infrastructure, and influence(funded solely by direct consumer spending AND taxpayer dollars --NATURALLY) to be able to hold the entire world economy hostage? Of course not. Only the OldBoyBigCarbon has the chops for that, and you are seeing those chops out in the harsh light of shock'n'awe.

And what we are bieng told is that we are not going to stop buying fossil fuels until we are told to fucking stop buying fossil fuels.

Which won't happen until BigCarbon has coerced every last penny of profit out of this insanely profitable commodity. So what if they have to tank their wholesale price for a couple-few years? There's plenty more where that came from. Are you surprised? You thought supply had already peaked? You poor fool, you. Myopically swallowing yet another BicCarbon cover story.

ctd

Jan 17, 2015
ctd.

"Peak Oil" was never anything more than a cynical cattle call for easy investment dollars and PR strategy to aquaint the public with the inevitable and jack up the price of all things fossil.

This restriction of supply/peak oil was them simply choking the pipe that they are hosing all of us with. So, we grumblingly forked over double, and perhaps wondered what happened to that Congressional inquiry into price gouging.

That never got very far -did it?

Even for the most incorrigible, benighted, drillbabydriller, this should serve as a wake up call like a bucket of icewater in the face.

If there is anyone alive who fails to see just how suicidal it is to allow ANY industry to have this much power over the lives of every living thing on the face of this planet, and allow them to wield it unopposed, then they'll just have to be written off as bona fide mental incompetents, and left out of the loop.

ctd

Jan 17, 2015
Oil wells are funny things, you just can't turn production up or down at will. In some formations once the flow is stopped it is very hard and expensive to resume production.

The Saudis are about the only country that can produce oil at $40/bbl and still make money. They will let us destroy our own oil, drilling and service companies and then jack up the price. As I said, I give this 2 years to play out and then the economy goes BOOM and implodes.

Jan 17, 2015
ctd.

Renewables and storage capacity should be the number one priority from this day forward, and on a war footing, to boot. I would even go so far as to advocate a nationalized energy structure, just to prevent this kind of OldBoy BigCarbon Gang Cartel from ever being able to do this to us again -or, at the very least, a very strictly regulated industry with capped levels of profit & investor/shareholder return along with microscopic accounting examination by regulators.

Sadly, numberless will be the morons that will welcome this obscene development, as it will appeal to their personal greed -just as it has been designed to do- as they will see in this an opportunity to squeeze more $$$ out of whatever LibertaRandite gimmegimme "entrepreneurship" ponzischeme bullshit they've built their babyvampire hopes upon.

Don't let yourself get sucked into the rushing flood. It's nothing more than our collective future being sucked down the toilet.


Jan 17, 2015
Also, with no new drilling the US will soon run out of natural gas. From what I understand the depletion rate on the new gas fracking wells is very, very high.

Jan 17, 2015
Caliban you can complain all you want about the oil companies raping us but that does not change the fact that nothing has raised the developed worlds standard of living more than fossil fuels. Fossil energy is cheap in comparison to the amount of work it saves mankind.

Jan 17, 2015
Oil wells are funny things, you just can't turn production up or down at will. In some formations once the flow is stopped it is very hard and expensive to resume production.

The Saudis are about the only country that can produce oil at $40/bbl and still make money. They will let us destroy our own oil, drilling and service companies and then jack up the price. As I said, I give this 2 years to play out and then the economy goes BOOM and implodes.

Also, with no new drilling the US will soon run out of natural gas. From what I understand the depletion rate on the new gas fracking wells is very, very high


It can truly be said of you, sixsicksticks, that you have a masterful grip upon the entirely obvious.

Got any more pearls of great price that you'd like to share --or do you intend to continue fiddling while Rome burns?

With any luck, you'll find a large audience of babyvampire morons -readymade- and waiting for you.


Jan 17, 2015
Finally, it comes down to this, after all other considerations are examined: cheap fuel means more, and indeed -profligate- consumption, and will spike GHG emissions through the stratosphere for the forseeable future, since it'll take 3-5 years for tarsandsfrackers tobe bankrupted. Then it'll be right back to PetroCoal again, and this time at even more premium pricing than the unlamented recent past --because you'll have to be taught the lesson yet again that you are not to fuck with Big Carbon.

I don't know about any of you, but it appears likely that we will miss that target for limiting GHGs and warming by a wide margin.

And if absolutely nothing of harangue to this point has yet done so,

This fact alone should give you pause.

Jan 18, 2015
Oil price slump puts at risk clean energy push, experts say

Unlikely. Big investors aren't terminally brain-dead. They know that the current oil prices are artificially low and that oil (and any other fuel sources that you need to extract from the ground) are finite.
They plan long term. And long term only renewables have a future..

Jan 18, 2015
You're all forgetting that increasing competition from alternative energy sources will cause a drop in oil prices anyhow, because of supply and demand. There will always be neck-to-neck competition between fossil fuels and renewable power until renewables become clearly cheaper than -any- oil or coal source.

They know that the current oil prices are artificially low


Rather, they were artifically high previously. If Saudi-Arabia can sell oil at these prices and still make a profit, there's nothing artifical about that.

The oil prices up to so far have just been a result of people betting on futures that the price of oil will be higher, and the Saudis have historically limited their output to benefit from that. It's called artifical scarcity. Now with the price bubble burst and competition from shale gas, they're freeing their output, which normalizes the prices.

Jan 18, 2015
cheap fuel means more, and indeed -profligate- consumption, and will spike GHG emissions through the stratosphere


Oil or petroleum represents a third of the primary energy consumption in the US. 3/4 of it is going towards transportation, and only 1% of electricity production is made with oil. The rest is plastics, chemicals, drugs and fertilizers.

So unless cars suddenly start consuming vast amounts of fuel and driving twice the miles, cheap oil won't cause a massive spike in GHGs. It just makes stuff cheaper for everyone, so they can get stuff like health care instead of spending all their money on fuel.

Jan 18, 2015
@antialias
I agree that renewable energy is the long-term future, but in the next 2 to 5 years cheap oil (and other fossil fuels) will badly impact the trend to alternate energy, in the USA at least. Demand for alternate energy will fall and many planned projects will become unprofitable. Although German investors tend to have long-term mindsets, we Americans investors are much more short-term focused : Stock prices move wildly on quarterly results and investment managers are ranked according to last year's capital gains. An investment manager who ranks in the bottom half for two or three years consecutively will be in serious trouble.

Jan 18, 2015
Well, here is another comment regarding the big picture. PhotonX and Calaban I agree.
The big money banks and govs had almost a decade to plan Russia's second downfall since the Sochi Olynpics agreement.
US planned to have surplus oil/gas by then, only Deepwater Horizon blew up so there was an immediate inflation of our existing ability to pump from shales, the fallback Plan B. Pump money into the stock market that should and was continually claimed to go to new jobs, then lower the boom by lowering the artificial high of oil using the stock market cushion.
US needs to sell gas car inventory perhaps why friendly relations with Cuba now. Most of US car purchases are leases which means sell overseas. The US public will be coerced into electric cars, the 'new market' continually sought by capitalism.

Jan 18, 2015
Well, is global media worth it?

Jan 18, 2015
@Eikka
The Saudi (OPEC) price of oil is 'manipulated' -- the terms 'artificial' and 'real' are misleading in the global oil market. Saudi Arabia is trying to engage in the practice termed 'predatory pricing', in which it would eliminate competition by charging very low prices for a while, then raise prices to much higher levels after enough of the competitors have been driven out of the market.

In my opinion the Saudis will succeed this time. The immediate targets of the Saudis are high cost-cost oil producers who thrived under $100 oil and eroded the OPEC market share. We are already seeing layoffs in US drilling and bankers are cutting off funds to drillers.

Alternate energy production is probably viewed by the Saudis as collateral damage, although some of them probably realize this will be their greatest long-term challenge. But alternative energy might not be bad for Saudi Arabia, considering their fantastic solar energy potential.

Jan 18, 2015
Another sad fact about $2.09/gal gasoline (55 cents/liter) is that we will be buying bigger cars and trucks. Last night I drove past the local Chevrolet dealer and noticed that the entire frontage was made up of Chevy trucks -- at least 15 of them. For the Europeans, here's what I'm talking about:

http://www.chevro...20trucks

Trucks are very profitable for Chevy, and the four-door versions are popular family cars. They are popular in our traffic-jammed suburbs because you can see over lesser cars and push your way into openings.

Jan 18, 2015
The Saudis are about the only country that can produce oil at $40/bbl and still make money. They will let us destroy our own oil, drilling and service companies and then jack up the price. .
Russia can pump oil all day for $6/barrel. Not that the dino economy is anything to cherish it's just a step onto something much better

Jan 18, 2015
Russia can pump oil all day for $6/barrel.


If only.

The oil industry itself probably could, but Putin's war economy is 70% funded by the oil trade, and it was already in deficit with oil prices near $100 per barrel.


Jan 18, 2015
Saudi Arabia is trying to engage in the practice termed 'predatory pricing', in which it would eliminate competition by charging very low prices for a while, then raise prices to much higher levels after enough of the competitors have been driven out of the market.


Predatory pricing is when you deliberately sell at a net loss to oust your competition. Lowering your prices within your profit market is just called competition.

The difference is that one could, at least in principle, continue to sell at the new lower price for indefinitely, whereas predatory pricing is about using your reserve assets in an economic war of attrition to see who can take a beating the longest.

Alternate energy production is probably viewed by the Saudis as collateral damage


Oil-replacing alternative energy isn't even a fraction of a percent yet, globally speaking, and is all subsidized and legally mandated anyhow.

You can't kill what practically speaking doesn't exist.

Jan 18, 2015
predatory pricing is about using your reserve assets in an economic war of attrition to see who can take a beating the longest.


No country or company has ever succeeded with this strategy.

Jan 18, 2015
This is worth your time to read.

http://www.zerohe...oduction

Jan 18, 2015
Russia can pump oil all day for $6/barrel.


If only.

The oil industry itself probably could, but Putin's war economy is 70% funded by the oil trade, and it was already in deficit with oil prices near $100 per barrel.

What war economy? If we had war economy we would be bombing you for the shelling your government instigated killing Russians today Eikka. But it seems you have some death wish with your inflammatory remarks about a people who have done nothing but try to be balanced and measured in the face of your warmongering. We will defend ourselves from invaders whether they be your svoboda NAZI friends or NATO mercenaries

Jan 19, 2015
kochevnik
Russia needs to get out of Ukraine, period. Stop regurgitating puerile Russian BS propaganda. No rational person swallows their BS anymore.

Where do YOU actually live by the way comrade, Russia or somewhere in the evil Western World?

Jan 19, 2015
What war economy?


Where do you claim the east Ukraine rebels are getting their weapons and ammunition from? Heavy artillery munitions, rockets and radar systems aren't just laying around the countryside for free picking.

Putin is continuously placing more troops at the borders, and not just in Ukraine. There's a new motorized brigade next to the border of Finland for example, and he refuses to cut military spending despite the state funds running out at an alarming rate.

No country or company has ever succeeded with this strategy.


In the long term, no. They can momentarily disable their competition though.

Jan 19, 2015
If we had war economy we would be bombing you for the shelling your government instigated killing Russians today Eikka.


You don't even know who my government is.


Jan 20, 2015
The challenge us to do this intelligently, and not get panicked by the maneuvers of the Saudi. This is just another reason we have to get ourselves off the Petroleum Teat.

Jan 20, 2015
If we had war economy we would be bombing you for the shelling your government instigated killing Russians today Eikka.


You don't even know who my government is.

The Crown, unless you live in Russia

Jan 20, 2015
"The dumping of waste from hydrocarbon combustion into the atmosphere, where it has entered onto my property, violates my "property rights". CO2 levels have been rising because the view that the atmosphere, unlike land, is communal property. It is "socialist" to assume that I should not be properly compensated for this violation of my "property rights"."

Ekim if nature did not release 97% of all the CO2 that is in the atmosphere and if CO2 were not necessary for all life on earth, you would have a valid point.

But that is not the case. You are merely a cranky neighbor complaining about leaves from a neighbors tree dropping leaves in your yard.

Jan 20, 2015
166, wanna get high? Just breathe about 20% CO2 for a good time, . . . . in Heaven.

Jan 20, 2015
Gkam you are a wiz, exactly how far is 400 PPM from 20% concentration?

At something like 150PPM concentration plant life dies from CO2 starvation. 2000 PPM has proven to be just fine in the past. The biggest threat to mankind is that we run out of cheap fossil fuels before low priced alternatives are developed.

Jan 20, 2015
You said it was good for us.

We already have cheap alternatives, and they are getting better.

Jan 20, 2015
"You said it was good for us."

If you drink too much water it will kill you. IE it is a poison and should be banned.

Jan 20, 2015
BTW I have nothing against solar energy farms. The same goes for wind farms, who gives a $hit about a few endangered species and bats? I am against government subsidies to crony companies selling power at above market costs.

Jan 20, 2015
"If you drink too much water it will kill you."
--------------------------------------

Yes, and too much greenhouse of the gases will do the same.

Jan 20, 2015
"I am against government subsidies to crony companies, . . . "

http://ecowatch.c...bailout/

And you opine: "who gives a $hit about a few endangered species and bats?"

The answer is I DO! If you do not understand the need for the Web of Life to sustain us, you should go back to school.

Jan 20, 2015
"And you opine: "who gives a $hit about a few endangered species and bats?"

The answer is I DO! If you do not understand the need for the Web of Life to sustain us, you should go back to school."

Then how in all good conscience can you support wind farms???????

Jan 20, 2015
Another link worth reading.

http://www.zerohe...trialist

Jan 20, 2015
Automobiles kill wildlife, so people should stop driving and use footpaths


Jan 23, 2015
2000 PPM has proven to be just fine in the past.


Not for people. 2000 PPM is reached indoors in poorly ventilated apartments and it's rather uncomfortable. 1000 PPM is starting to affect your concentration and ability to think.

1500 PPM is the air quality limit for schools.

Jan 23, 2015
This comment has been removed by a moderator.

Jan 23, 2015
@Losik For example, to match the power generated by fossil fuels or nuclear power stations, the construction of solar energy farms and wind turbines will gobble up 15 times more concrete, 90 times more aluminum and 50 times more iron, copper and glass.
Then you agree that will solve unemployment! Good point. We should save glass for future generations and not waste it on sustainable projects than employ people to steward the Earth, or the beaches will become naked

Jan 27, 2015
Then you agree that will solve unemployment!


I think the point is that minerals and metals are non-renewable and have to be dug up from the ground, and the manufacture of concrete and glass, as well as metals, releases large amounts of CO2 and demands the use of fossil fuels, especially in the manufacture of iron from the ore where carbon from coal is used as the reducing agent to strip off the oxygen. Even the ship that ferries the refined neodymium from China to be made into magnets in wind turbines in California is running on heavy fuel oil because there's few other practical means to it.

So, there's this glossed over reality where the new green energy economy exists only because the whole rest of the industry and society isn't green - and nobody is even trying to change that because the politicians are putting all the money into pointless feed-in subsidies that don't address the real issue.


Jan 27, 2015
"A shadowy Bermudan company that has funneled tens of millions of dollars to anti-fracking environmentalist groups in the United States is run by executives with deep ties to Russian oil interests and offshore money laundering schemes involving members of President Vladimir Putin's inner circle."
http://freebeacon...company/

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