I am going to post an article (below) from Glen Ford, whom I greatly admire, which was published at both GlobalResearch and his own website, Black Agenda Report. First, however, I would like to mention a couple of things. Did anyone else notice that just as in Greece, Libya, Ireland, Italy, Spain, and Portugal, the new (acting) head of the Ukraine government, Yatsenyuk, is a banker? Why is this, do you suppose?
Also see my own article from 2011 for a quick recap of Libya, Italy and Greece, which had bankers installed as the heads of their governments in a rapid cascade:
Obama issued some more new sanctions this morning on several more Russian individuals and a Russian bank. It is interesting that he can, without Congress, order the seizure of foreigners’ assets and money, but I guess since he could, in theory at least, demand that they be drone-bombed to death; i.e., summarily executed, the seizure of assets is considered rather mild punishment.
As I pointed out in my last post, there have been sudden developments in our “drill, baby, drill” theme park (a.k.a., the United States) in the past week or two. Obama and Congress refer to turning our country into a dead zone as “all of the above” policy; unfortunately, aside from a few shaggy protesters, most Americans seem oblivious to the country-wide destruction going on right under their noses. Or they praise it as “gaining energy independence”. It comes at a cost: toxic waste, loss and/or poisoning of our fresh water supplies, devastation of the land, and utter ruination of the ecosystem. We seem to have the mistaken notion that this “energy independence” is a wealth creator for the average person living here; a stupendously ignorant misconception, given that we do not have nationalized resources. (Nationalized? Like, y’know, socialism? We don’t want no stinkin’ socialism.) The energy companies lease land for a few bucks a year on hundred-year leases and they get to keep the profits on anything they pull out from under the ground. You get to try and live next door to a fracking operation and hope that your water is safe to drink, or eat seafood which is genetically deformed and full of oil and Corexit, or hope that your house isn’t destroyed by sudden earthquakes. Your children will wonder what the fuck we were thinking as they look out over barren landscapes and oceans bereft of life. That’s assuming some deep water drilling site or fracking operation doesn’t hit the Big Kahuna and set off an earthquake that entirely changes the shape of the country. You aren’t going to profit from this exercise. The oil companies are. That’s the system we have here. And, by the way, your tax money is going to pay subsidies to the oil companies so they can have even more money. And maybe your son or daughter will get to sign up to fight for the glorious cause of stealing another country’s oil (to give to the US oil companies), something we seem to find patriotic and praise-worthy. It’s all rather baffling.
Glen Ford (bolding mine):
U.S. Prepares to Gas Russia Into Submission
by BAR executive editor Glen Ford
“Washington’s strategy is to permanently ratchet up tensions to ‘new cold war’ levels to justify sanctions against Russian energy exports.”
The massive – and desperate – American offensive against world order is entering a new phase, as the U.S. prepares to resume its historical status as global energy superpower. The Obama administration’s brazen implantation of a rabidly anti-Russian, fascist-led regime in Ukraine places U.S. proxies astride pipelines that carry much of Siberia’s gas to Europe and beyond. Seventy-six percent of Russia’s natural gas exports are bound for Europe, the bulk of it to Germany, Italy, France and the United Kingdom. Russia’s weight in the world is largely derived, not from its economically burdensome nuclear arsenal, but as an energy giant. The U.S.-engineered coup in Kiev sets the stage for a protracted assault on Russia’s energy trade, which accounts for more than half of Moscow’s federal expenditures. Without its huge oil and gas exports, Russia deflates like a leaky dirigible.
Even the Americans were not so stupid as to believe that their neo-Nazi friends in Kiev could somehow pry Russia from its naval base in Crimea. Such was never the plan. Rather, Moscow’s response to the overthrow of Ukraine’s elected government was predictable, as was that of the Russian-speaking Crimean majority. Washington’s strategy is to permanently ratchet up tensions to “new cold war” levels to justify sanctions against Russian energy exports while exploiting America’s own natural gas “surplus” as an enhanced weapon of global hegemony.
“The U.S.-engineered coup in Kiev sets the stage for a protracted assault on Russia’s energy trade.”
Thanks to shale fracking, the United States recently surpassed Russia as the world’s number one exporter of natural gas, and will next year become the top oil producer . As the New York Times  reported on March 5, “The administration’s strategy is to move aggressively to deploy the advantages of its new resources to undercut Russian natural gas sales to Ukraine and Europe.” That’s not the half of it. When Moscow stood up to U.S.-backed jihadists in Syria, the Obama administration understood that the U.S.-Russia button could not be “reset” to Washington’s satisfaction under current conditions. An assertive Russia, increasingly coordinated with China, must be taken out of international contention. Washington will move to crush, or at least seriously disrupt, Russia under its “sanctions as war by other means” machine, by targeting its energy exports, while simultaneously boosting the foreign markets for U.S. natural gas.
The U.S. government tells its people that it spends more on weaponry than the rest of the world’s nations, combined, in order to, among other things, maintain the free flow of energy throughout the planet. But, that didn’t stop Washington from attempting to cripple Venezuela’s  oil production in 2003, or from preventing Iran, once the world’s fourth largest exporter, from marketing more than a fraction  of her production under the current U.S. sanctions regime. U.S. rulers have never been guardians of free oil flow. Rather, American policy is designed to ensure that U.S.-based corporations and financiers dominate the global energy trade, and that the dollar remains central to energy transactions, regardless of where the oil and gas comes from.
Russia also plays a key role as the energy giant among the BRIC bloc, which is the most likely venue for hatching alternatives to dollar hegemony. Venezuela, which barters oil with some of its Latin American partners and uses the proceeds of its dollar-denominated exports to build structures of resistance to U.S. imperialism, must also be forced back into line, or taken out of the game.
“U.S. rulers have never been guardians of free oil flow.”
Ever since the Arab oil embargo of 1973, U.S. presidents have trumpeted the quest for “energy self-sufficiency” as a national security imperative, requiring subsidies for domestic energy production. Richard Nixon proclaimed: “In the last third of this century, our independence will depend on maintaining and achieving self-sufficiency in energy.” In truth, oil producers enjoyed bounteous subsidies when the U.S. was indisputably the oil production king of the world, from 1925, when U.S. oil fields accounted form more than 70 percent  of total global production, to the early 70s. Citizens assumed self-sufficiency meant drilling for domestic development. “Self-sufficiency” – and jobs – is what makes fracking “worth it” in the eyes of many Americans. Now that the aquifers of much of the country have been fouled by shale-frackers intent on cornering gas markets around the globe, the script must be flipped, so that the surplus can be exported. As George Washington University law professor Richard Pierce told Al Jazeera , last year, “The US is now 100 percent independent in natural gas and within the next half a dozen years [North America] will be independent in oil. It will become a global supplier, rather than a demander, in a hurry.”
Room must be made for this global supplier in an energy-glutted world. Russia’s gas sales to Europe need to be “undercut,” as the Times puts it. Sanctions can reshape the global markets to the advantage of the new energy superpower – war by other means. Corporate media mask the historical moment with juvenile jibes at Putin, as Washington prepares to subdue the planet with gushing oil and burning water.