Tag Archives: markets

Turkey and Natural Gas Pipelines

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War on the Rocks has an interesting piece on Turkey’s desire to become a natural gas transshipment hub feeding Europe and perhaps Russia.  I think, though, that WOTR underplays the purpose of Turkey’s transshipment goal.

Recall the existing conflict between Turkey and Europe over immigration, economics, rule of law EU-style rather than as Recep Erdoğan does it, and a host of other excuses for Turkey to claim to be put upon.

Next, keep in mind that Turkey went to school on Russia’s use of its dominance in supplying natural gas to Ukraine and to central Europe and the fact that that dominating supply flowed almost exclusively through a pipeline running through Ukraine to Europe.  Turkey also is observing with care the increase in Russian control of Europe’s natural gas supply that construction of Nord Stream 2 would produce and which would allow Russia to take Ukraine out of the equation altogether, thereby to directly…influence…Europe.

Awash in natural gas deliveries from highly diversified pool of suppliers, Turkey hopes to dominate the market by becoming a natural gas hub for Europe, particularly Southeast Europe, which is less connected to EU natural gas infrastructure and remains heavily dependent on Russia[.]

Now here is Turkey deliberately building an oversupply of natural gas transport so as to feed southern Europe.  And…influence…it?  WOTR put it too mildly, I think.

If Turkey becomes a hub through which a diverse set of suppliers sends its natural gas to Southeast and Southern Europe, the country stands not only to amass economic benefits…. It can also use the status of an energy hub to heighten its geopolitical weight in the region, vis-à-vis Russia and the European Union.

I submit that Russia is less a target than is the EU.  After all, after the Turkish shootdown of a Russian fighter aircraft, there has been an enthusiastic rapprochement between those two nations.

Privacy

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Now Facebook wants to hook up with banks to collect our financial information and our shopping habits as revealed by our credit card charging history.

No. Not ever. Not with Facebook’s lack of concern for our privacy or our personal data.

Facebook said it wouldn’t use the bank data for ad-targeting purposes or share it with third parties.

Sure. I might know about some beachfront property for sale north of Santa Fe, too.

Any bank that hooks up with Facebook in any way loses my business altogether.  Full stop.

Department of YGTBSM Department

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Recall the California (and others) foolishness in banning plastic straws.  Now there’s a company, FinalStraw, that makes metal straws.  They’re steel.  They’re collapsible.  And they come with a carrying case.

What’s next—”cigarette” holders for vapers?

Some people’s children.  Jeez.

A Next Step

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A step has been taken to mitigate the destructiveness of Obamacare.  A new rule has been promulgated by the Trump administration that will

allow for the proliferation of cheaper, less-comprehensive health plans that have been restricted by the former Obama administration.

Under the rule, actual health insurance plans will be allowed that cover a range of health-related matters that more closely align with a customer’s interests.  These plans also will be good for a year and be renewable for a total of three years, a drastic improvement over Obamacare’s limit of 90 days.  A further improvement of this rule:

The plans don’t have to cover people with pre-existing conditions, and insurers can charge higher premiums based on a consumer’s health status.

This is a good interim step, but more is necessary.  One additional step should be the elimination of the time limit on the duration/renewability of these plans.  What should be available in the health insurance market place should be a market decision—a decision of the buyers and sellers.  Government has nothing legitimate to say in this arena.

Based on What Law?

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Federal District Judge Robert Lasnik of the Western District of Washington has blocked, temporarily, the online distribution of blueprints for printing 3-D guns.  Lasnik’s temporary restraining order is subsequent to a settlement reached between Defense Distributed and State (which previously had blocked the posting of the plans) that functionally set aside State’s security objections to the posting.  The State of Washington, et al., then sued to reinstate the prior block.

In decrying the settlement that’s the subject of his TRO, Lasik wrote

the parties reached a tentative settlement agreement which, as described in the first paragraph of this order, will allow Defense Distributed to place downloadable CAD files for automated weapons printing on its website. No findings of fact or other statements are provided in the agreement that could explain the federal government’s dramatic change of position or that alter its prior analysis regarding the likely impacts of publication on the United States’ national security interests.

And

The proliferation of these firearms will have many of the negative impacts on a state level that the federal government once feared on the international stage….

Regardless of the merits of these concerns, though, they are political concerns, not judicial ones.  Lasik was wrong to intrude himself into the matter rather than referring it to the political arms of our government.

Illustrating the irrationality of a judge intruding into inherently political matters, Lasnik also wrote [cites omitted]

Under the Arms Export Control Act (“AECA”), the President of the United States is authorized “to control the import and the export of defense articles and defense services” “[i]n furtherance of world peace and the security and foreign policy of the United States.” “Defense articles and defense services” includes all firearms up to .50 caliber and all technical data related to such firearms, including information that “is required for the design, development, production, manufacture, assembly, operation, repair, testing, maintenance or modification of” the firearms.

Replicas of Hawkin muzzle-loading rifles are of .50 caliber, or less.  Would Lasnik seriously entertain blocking export or import of these, too?

On the other hand, there’s this:

Some firearms experts played down the danger of these guns, saying most 3-D printers use materials that aren’t strong enough to produce a reliable firearm.

This is irrelevant.  The technology surely will evolve, and full-up, durable and reliable weapons will become 3-D printable, and the printers involved will come down in cost.  What is relevant here is the principle of the matter: should a US citizen be able to exercise his rights under our Bill of Rights and post such plans, or not?

Lasnik’s TRO can be seen here.