It begs the question: cockup or conspiracy? The green ideologues in power have revealed their true utopian colours and yet again the ends (going green) justify the means (demand destruction and the consequent plummet in standards of living). Years of demonizing fossil fuels and "ESG" nonsense has led to huge underinvestment in extractive industries and structural undersupply. Of course it is convenient to blame Mr. Putin for higher prices, and that is why the collective west led by the US pushed for this proxy war against Russia, which they will fight to the last Ukrainian. The goal has always been to destabilize Russia and ultimately balkanize the country in order to strip mine the resources as occurred during the "shock therapy" privatizations and liberalizations of the 90s. You only need to read some of the papers published by neocon think tank establishments who are driving policy in the Biden Whitehouse today. And today US LNG exporters are making money hand over fist, but so is Gazprom, who will probably never again fight for market share in the NWE gas market as they did before (they're not wanted there), but will rather maximize revenue via higher price (as a result of lower supply). Even if Europe were to roll back sanctions (which they should do immediately as they have quietly done with food, fertilizer and in shipping insurance) and give Russia guarantees that the NS1 compressors will not be subject to further sanctions, I am not sure the Russians would turn up the taps -- why should they, we are in a hybrid war with the Russians, whether you like it or not.... On Monday gas prices reached all time highs... The W22 contract is trading at 285 Eur... this represents a 12x rise. Meanwhile politicians such as Draghi say the following today:
*DRAGHI: ITALY CAN CUT RUSSIA GAS IMPORTS TO ZERO FROM FALL 2024
*DRAGHI: EU PLAN ON GAS PRICE CAP PRESENTED AT NEXT EU COUNCIL
So while looking to cut supply further, they also block the mechanism of demand rationing. The end goal is clear... this will be called "market failure" and we will be left with a centralized command and controlled economy run by technocrats and bureaucrats characterized by deficits and rationing. Welcome to the New World Order as imagined by the globalist elites....
Can these leaders be that clueless? Clearly the strategy was and is failing to provide energy.
It begs the question: cockup or conspiracy? The green ideologues in power have revealed their true utopian colours and yet again the ends (going green) justify the means (demand destruction and the consequent plummet in standards of living). Years of demonizing fossil fuels and "ESG" nonsense has led to huge underinvestment in extractive industries and structural undersupply. Of course it is convenient to blame Mr. Putin for higher prices, and that is why the collective west led by the US pushed for this proxy war against Russia, which they will fight to the last Ukrainian. The goal has always been to destabilize Russia and ultimately balkanize the country in order to strip mine the resources as occurred during the "shock therapy" privatizations and liberalizations of the 90s. You only need to read some of the papers published by neocon think tank establishments who are driving policy in the Biden Whitehouse today. And today US LNG exporters are making money hand over fist, but so is Gazprom, who will probably never again fight for market share in the NWE gas market as they did before (they're not wanted there), but will rather maximize revenue via higher price (as a result of lower supply). Even if Europe were to roll back sanctions (which they should do immediately as they have quietly done with food, fertilizer and in shipping insurance) and give Russia guarantees that the NS1 compressors will not be subject to further sanctions, I am not sure the Russians would turn up the taps -- why should they, we are in a hybrid war with the Russians, whether you like it or not.... On Monday gas prices reached all time highs... The W22 contract is trading at 285 Eur... this represents a 12x rise. Meanwhile politicians such as Draghi say the following today:
*DRAGHI: ITALY CAN CUT RUSSIA GAS IMPORTS TO ZERO FROM FALL 2024
*DRAGHI: EU PLAN ON GAS PRICE CAP PRESENTED AT NEXT EU COUNCIL
So while looking to cut supply further, they also block the mechanism of demand rationing. The end goal is clear... this will be called "market failure" and we will be left with a centralized command and controlled economy run by technocrats and bureaucrats characterized by deficits and rationing. Welcome to the New World Order as imagined by the globalist elites....