Energy and Trade Security
Basically there is no such thing as “energy security” when energy is considered as what it is – a trade good. Embargoes on Russian exports of energy to Europe, which would have a short-term devastating economic impact in Europe, are no more rational than Russia setting an embargo on European exports to Russia of Mercedes cars, French food and wines or British financial services, due to this being lose-lose, and in any case penalised by the WTO.
EU “energy security” action against Russia, backed and incited by the US, is a flagrant and basic case of trade protectionism.
Europe’s policy of very high-priced energy can itself be considered as disguised protectionism, artificially raising domestic energy production in Europe to deny foreign suppliers access to the European energy market with their lower-cost, lower-priced energy supply. Europe’s de facto “anti-gas” energy policy, claimed as not only providing “energy security” but also “protecting the climate”, has as noted above already led to a long-term trend of falling gas demand in Europe. This comes at a time in global gas E&P (exploration and production), and gas transport development of both pipelines and LNG, which will cause a major increase in world gas supply with an inevitable downward pressure on prices. Taking action to cut EU dependence on Russian gas, or any other gas, is totally unrelated to real world energy development and energy price trends.
We therefore find there is no credible strong case for the “gas war theory” to explain the Western political attempts at fomenting civil war inside Ukraine, and provoking open EU-Russia conflict at a high level, which can include military action. We are forced to conclude this is a flagrant case of political atavism, or the desire for social strife and war, operated by EU and US politicians against a target – Putin’s Russia - that can hit back very, very hard.
By Andrew McKillop
http://www.marketoracle.co.uk/Article44793.html
I agree...this it's all purely political posturing for consumer consumption.
Take Note...The 'Atlantic Council' is involved greatly in keeping the balls rolling with all parties involved... as seen in this meeting directly after Ukraine's Yats (right) was in the Oval office..... Damon M. Wilson, (on the right), spearheads behind the scenes and interacts with many of the players as seen here, from Nato heads to the EU and the US....one of the "players" we never see or know of ...
.... it is likely that the share of Russian natural gas in Europe will increase further in the coming years, whether nation politicians like it, or not.
