U.S. sanctions against Russia have now helped replace Exxon Mobile with Gazprom as world’s largest energy company

Perhaps one of the biggest ironies in the ongoing sanctions war against Russia is that the U.S. continues to shoot themselves in the foot the more they try to impose their economic will on Moscow.

Over the past four years both the U.S. and Europe have seen economic declines once they chose to place a ‘red line’ against Russia over Washington’s own funded Maidan coup in Ukraine.  And in the meantime, Russia took these sanctions and placed their own on economies in the West, which began a new shift in power towards Eurasia and the Far East.

At the middle of this economic war is of course the oil trade, and on Sept. 25 the most recent ramifications of Washington’s sanction war reared its head as Russia’s Gazprom officially surpassed Exxon Mobile as the largest energy company in the world.

Russia’s Gazprom has topped the S&P Global Platts 250 rating of the world’s energy companies. The company has ousted US oil and gas giant ExxonMobil which reigned for 12 years.

The Russian company is focused on geological exploration, production, transportation, storage, processing and sales of gas, gas condensate and oil, sales of gas as a vehicle fuel, as well as generation and marketing of heat and electric power.

Gazprom has the largest reserves of natural gas in the world and is among Russia’s top four oil producers.

ExxonMobil is now ranked only ninth. Among other big improvers, Germany’s E.ON climbed 112 places to 2nd place from 114th. India’s Reliance Industries went up to 3rd place from last year’s 8th.

The first five companies also include Korea Electric Power and Chinese CNPC. Russian oil company Lukoil is in sixth place.

The rating is formed on the basis of financial indicators of companies, including the value of assets, total revenues, net profit and others. All companies on the list have assets of more than $5.5 billion. – Russia Today

Sanctions have very much played a factor in this transition of ranking and power as the U.S. has forced its major companies to halt any projects or business with Russian conglomerates, and this in particular has harmed Exxon Mobile since they had previously conducted extensive joint projects with Russian energy companies.

Economic sanctions and trade wars often are successful in the short-term, and especially against smaller economies, but in the long term they create extreme animosity which allows other exporting economies to ignore such sanctions and fill the gap lost from those lost trades.  And besides what Russia did to protect themselves following Western sanctions implemented in 2013, Iran and others are following the same course of action which is culminating in severe declines for America’s own businesses and corporations.

Kenneth Schortgen Jr is a writer for The Daily EconomistSecretsofthefed.comRoguemoney.net, and Viral Liberty, and hosts the popular youtube podcast on Mondays, Wednesdays and Fridays. Ken can also be heard Wednesday afternoons giving an weekly economic report on the Angel Clark radio show.

HERE Is WHAT WILL HAPPEN If The DEEP STATE TAKES DOWN PRESIDENT TRUMP & It’s NOT PRETTY … FOR THEM “The tree of liberty must be refreshed with the blood of patriots and tyrants.” – Thomas Jefferson ELDER PATRIOT – Corrupt politicians ignore Jefferson’s directive to their own detriment. It’s no longer political, it’s personal. Americans have had their eyes opened by the ascension of Donald Trump and no amount of leftwing money can put the Freedom Movement genie back in the bottle. Conservative Senator Ted Cruz made that observation after reviewing the results of the 2016 elections and the expectations of the voters. Cruz, who had the most high profile personality clash with Donald Trump during the Republican primary process nevertheless embraced Trump’s America First agenda and said, “If we’re given the White House and both houses of Congress and we don’t deliver, I think there will be pitchforks and torches in the streets. 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And, now that they’ve been caught robbing the world’s largest bank – the U.S. treasury – they have chosen to go out in a blaze of glory rather than try to defend the indefensible at trial. Washington’s criminal elites have chosen to go to war to unseat our duly elected president. It’s time to make our voices heard before this turns very ugly. Buckle your chin strap, America is counting on you. EDITORS NOTE: THIS IS NOT A CALL TO ARMS BUT RATHER AN ANALYSIS OF WHAT WOULD HAPPEN IF THE DEEP STATES OVERTURNS A DUELY ELECTED PRESIDENT. HERE IS A LIST OF EVERY SINGLE TIME OBAMA COMMITTED AN IMPEACHABLE OFFENSE THAT DEMS & MEDIA COVERED UP “Impeach!” It’s been more than eight years since Democrats uttered that word – long enough for anyone to wonder if it was still in their vocabulary, considering the deafening silence through the dozens of serious scandals during President Obama’s administration – but now that President Trump is the man in the White House, it’s back with a vengeance. 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Wasting no time Wednesday, the mainstream media sprang into action, enthusiastically echoing the left’s impeachment calls. MSNBC launched a Watergate ad implying Trump is America’s new Richard Nixon. “Watergate. We know its name because there were reporters who never stopped asking questions,” says MSNBC host Chris Hayes, who hinted that Trump is next on the impeachment chopping block. “Now, who knows where the questions will take us. But I know this: I’m not going to stop asking them.” Meanwhile, some overzealous members of the left plastered fliers around Washington, D.C., demanding all White House staffers resign Wednesday. The posters read: “If you work for this White House you are complicit in hate-mongering, lies, corrupt taking of Americans’ tax money via self-dealing and emoluments, and quite possibly federal crimes and treason. Also, any wars will be on your soul. … Resign now.” But constitutional scholar Jonathan Turley, who voted for President Obama, warned “impeachment” enthusiasts not to get ahead of themselves with President Trump. Why? At this time, there’s no evidence Trump actually committed a crime. “The criminal code demands more than what Comey reportedly describes in his memo,” Turley wrote in a May 17 opinion piece posted at the Hill. Turley explained: For the first time, the Comey memo pushes the litany of controversies surrounding Trump into the scope of the United States criminal code. However, if this is food for obstruction of justice, it is still an awfully thin soup. Some commentators seem to be alleging criminal conduct in office or calling for impeachment before Trump completed the words of his inaugural oath of office. Not surprising, within minutes of the New York Times report, the response was a chorus of breathless “gotcha” announcements. 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