“Energy” Wall Street? What is it?

Posted by Viktor Tkachuk on 24/04/12

In conditions of the current financial and economic crisis, a question of access to resources of countries becomes critical, since the existing rates of their consumption don’t allow everyone to have enough resources.  The method of using resources acquires critical value.  An answer to the question “who will use the national wealth of states and receive preferences from this?” is crucial. Will this be citizens? Or bureaucrats? Or accountants and brokers?

No, to our opinion, – this will be monopolies, especially, – energy ones.  Precisely they have the greatest influence upon the political leadership of the countries-leading oil and gas exporters and influence the formation of the global politics on the whole.  And in fact, they optimize profits and taxes, spending means on the minimum charity.

Let’s take a look at Russia, for example.  The country is a leading world gas exporter.  “Gazprom” is not only a state gas monopolist, but also a private tool of political influence upon external and internal politics of the state. The curtailment of positions of “Gazprom” at the EU gas markets from 27 % to 23 % in 2009-2010 led to the activization of compensation of external losses of the company at the internal market.  Already now Russian governmental officials predict that starting from 2015 the RF will switch to the equation of the Russian gas prices for internal and external consumers.  This means that “Gazprom” management will again receive profits lost in the EU at the expense of internal consumers.

In April, 2010 the US went through the greatest technogenic accident in the Gulf of Mexico, along with an explosion and further flooding of the oil platform “Deepwater Horizon” which was rented by “BP” Energy Company.  Have simple American citizens whose business went bankrupt due to the ecological pollution in Florida and other states gotten a full compensation? Doubtfully.

One more example, – Ukraine.  Following the Russian analogue, Ukrainian energy-resources and energy infrastructure is used by the government and state energy monopolist “Naftogas” nontransparent for citizens.  Exactly due to this, there is no surprise in the last decision of the Ukrainian Parliament which has adopted the law on reforming the oil and gas sphere of Ukraine.  It opens possibilities for nontransparent privatization of the state energy actives (gas-transport system, gas storage facilities, distribution and heating networks).  Citizens have lost again.  They have no chances to participate in the privatization of state actives created by their taxes over decades.

Energy monopolies in the EU also play their games, often making arrangements about cooperation between themselves with the help of MPs who come to power with the help of citizens.

Thus, we have a conclusion – energy monopolies continue to project the future, hiding behind the interests of citizens.  And political parties and their leaders help them.

Consequentially, for citizens to restore their influence upon policies of their governments, it is necessary not only to “occupy Wall Street”, but also to “occupy” energy monopolies.  And officials always play in favor of the winners.

 

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Victor Tkachuk on Democracy, Ukraine & the EU rss

Cooperation between Ukraine and EU, exchange of thoughts and ideas regarding the further effective development of democracy in Ukraine and Europe, the place of Ukraine in the modern world. Political innovations today in the name of common European future, the role of civil organizations and analytical institutions in the modernization of European civilization. more.



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