Russia, Iran and Qatar Discuss Forming Gas Cartel

From Newsmax.com (October 21, 2008):

TEHRAN, Iran -- Russia, Iran and Qatar made the first serious moves Tuesday toward forming an OPEC-style cartel on natural gas, raising concerns that Moscow could boost its influence over energy markets spanning from Europe to South Asia.

Washington and Western allies worry that closer strategic ties between Russia and Iran could hinder efforts to isolate Tehran over its nuclear ambitions. In addition, the United States opposes a proposed Iranian gas pipeline to Pakistan and India, key allies. [more]

That sounds like something directly out of a Joel C. Rosenberg novel like The Ezekiel Option (a great novel by the way). In the novel, Russia and Iran team up against Israel (actually almost all the world is against Israel) and the president of the United States has to make a decision to support Israel or not. His novels are based on observations of the world and Biblical prophecy.

America only imports 18,352 million cubic feet of natural gas per year from Qatar. None from Iran and Russia. Most of the natural gas comes from Canada, Egypt, and Trinidad (yea, that's right Trinidad). The article mentioned Mexico but we only get 54,062 million cubic feet from them. Not bad, but not nearly as much from the above three. So that cartel won't hurt America too much. Although, The Wall Street Journal makes a good point that a natural gas cartel won't have much control over prices as much as an oil cartel does because the natural gas market is fragmented. This is just Russia trying to exert more control over their neighbor's economy. Iran maybe thinking the same way. Still, them teaming up in anyway makes me nervous.

This cartel makes sense politically. Russia and Iran has become partners in different deals so I can understand them teaming up. Qatar and Iran has teamed up too. June of last year they have backed a Hamas coup.