During the Asia-Pacific Economic Cooperation forum this weekend in Beijing, Russia and China signed 17 documents greenlighting a second "mega" Russian natural gas to China via the so-called "western" or "Altay" route.

In general, over the last several decades the world has experienced an unprecedented era of peace and prosperity. The opening up of relations with China and the "end of the Cold War" resulted in an extended period of cooperation between east and west that was truly unique in the annals of history.

The Russians are actually making a move against the petrodollar. It appears that they are quite serious about their de-dollarization strategy.

If Japan moves to restart some or all of its nuclear reactors, many LNG terminals may cease to be profitable.