US seeks Russian oil despite widening rift over Iraq: analys

Chuck Grimes cgrimes at rawbw.com
Mon Mar 17 09:40:55 PST 2003


fwd ChrisD(RJ):

US seeks Russian oil despite widening rift over Iraq: analysts March 16, 2003 AFP

``We are pushing Russian and US companies to work together,'' Abraham said Wednesday, in remarks that contrasted sharply with recent warnings by the US ambassador to Moscow that Russia could suffer serious economic consequences...

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``I feel like I'm living in the Bizarro World. Russia's dictating terms to the US.'' ChrisD

Don't be fooled.

Spencer Abraham is the US equivalent to the Russian energy Mafia. Remember he's the same Spencer `Pescecane' Abraham who stiffed the California governor when he asked for protection from the Enron, El Paso, Dynergy families. It was Il Pescecane who managed the whole western states deal in electricity and natural gas shortages two years ago.

So my advice to Misha is, don't take checks, credit cards, bank wired deposits, or write contracts with Pescecane Abraham. Do no trades-in-kind. Do not allow any of Pescecane's friends or associates into Russia on any pretext.

Oil for cash, paid COD, up front. No split payments. Period. And don't forget to count it either. Trade the US money immediately for a second currency before the delivery is completed. And make no promises on future deliveries or pricing. Every transaction has to be negotiated, isolated, carried out and completed before the next one. Cash and carry only.

Carlo



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