A man works at the Amur Gas Processing Plant in Russia. Measuring 800ha in area, it has an estimated annual capacity of 42bln cbm of natural gas. Yuri Smityuk | TASS
Haley Saremba, OilPrice.com: The European Energy Crisis Was Inevitable
Europe is in the midst of an energy crisis that is about to get much, much worse if war breaks out between Russia and Ukraine. Russia is the continent’s single-biggest provider of liquefied natural gas, while Ukraine is a critical part of the shipping route to transport all that fuel from Russia to the European Union. A conflict between these two essential parts of the European energy supply chain would pose a serious threat to Europe’s already floundering energy security.
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Update: EU raises inflation forecasts on supply disruptions, energy crisis (CNBC).
WNU Editor: This Russian official is right .... Russia says ‘short-sighted’ EU has only itself to blame for energy crisis (Politico).
4 comments:
But but Merkel has a Ph (fucking) D!
Nonetheless she didn't get out her trusty #2 pencil and run the numbers. After Fukushima she closed the nuke plants and the coal plants. A true states woman would have in equal parts stood up to the Greens and persuaded the people.
Merkel is just a run of the mill politician, who did what was expedient.
We hear of Russian pipelines, but what of Algerian pipelines?
Why not upgrade the Trans-Mediterranean Pipeline? OR make Trans-Mediterranean Pipeline #2?
Then there is Joe Bite ME. Biter showed his disapproval for an UAE, Israeli Cyprus pipeline, because well Joe follows orders.
Whose?
Well, we are going quickly to a new 1938 Munich.
Europe walked straight into Russia’s trap. They cut defense spending to the bone and threw themselves into Russian energy dependency. Russia holds all the cards 30 years after its national humiliation with the collapse of communism. Of course Russia will now start making demands of Europe. Europe will acquiesce too, they have no choice.
Pretty much
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