Posted on 07/12/2022 4:21:09 PM PDT by MtnClimber
As Russian gas cutoffs upend European energy security, the continent is struggling to cope with what experts say is one of its worst-ever energy crises—and it could still get much worse.
For months, European leaders have been haunted by the prospect of losing Russia’s natural gas supply, which accounts for some 40 percent of European imports and has been a crucial energy lifeline for the continent. That nightmare is now becoming a painful reality as Moscow slashes its flows in retaliation for Europe’s support for Ukraine, dramatically increasing energy prices and forcing many countries to resort to emergency plans, and as backup energy suppliers such as Norway and North Africa are failing to step up.
“This is the most extreme energy crisis that has ever occurred in Europe,” said Alex Munton, an expert on global gas markets at Rapidan Energy Group, a consultancy. “Europe [is] looking at the very real prospect of not having sufficient gas when it’s most needed, which is during the coldest part of the year.”
“Prices have shot through the roof,” added Munton, who noted that European natural gas prices—nearly $50 per MMBTu—have eclipsed U.S. price rises by nearly tenfold. “That is an extraordinarily high price to be paying for natural gas, and really there is no immediate way out from here.”
Many officials and energy experts worry that the crisis will only deepen after Nord Stream 1, the largest gas pipeline from Russia to Europe, is taken down for scheduled maintenance this week. Although the pipeline is supposed to be under repair for only 10 days, the Kremlin’s history of energy blackmail and weaponization has stoked fears that Moscow won’t turn it back on—leaving heavily reliant European countries in the lurch. (Russia’s second pipeline to Germany, Nord Stream 2, was killed in February
(Excerpt) Read more at foreignpolicy.com ...
Trump warned Europe and tried to help. Now Xao Bi-Dung has us cut off too, all over the same false religion pushed by the Hari Greenies.
Germany Reacts to Trump’s UNGA Speech
https://www.youtube.com/watch?v=FfJv9QYrlwg
PDJT warned them but the schnitzel scarfers tittered. Now their proverbial Hühnchen have come home to roost.
So Ho! Ho! Ho! Who’s got the last laugh now?
Go ahead, kick the bear. It will be fun. Promise.
Wait! Is this the nightmare where all the lightbulbs turn into spiders? I hate that one.
“… Russia’s second pipeline to Germany, Nord Stream 2, was killed in February…”
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As best as I know, it was NOT killed but merely mothballed. Nord Stream 2 had undergone much acceptance testing and therefore has likely been “purged” of atmospheric gases which were replaced with natural gas. The pipeline is likely sealed and still filled with natural gas… ready for start up.
Europe was dancing with the devil, Russia, and Europe didn’t care. Russia can’t be trusted. Europe found out the hard way.
Tsk, tsk.
Just think about all that icky greenhouse gas that won’t be released. Celebrate in the dark, Krauts!
“...Russia can’t be trusted. Europe found out the hard way.”
Russia could be trusted to act in it’s own interest, unlike the feckless leaders of the West.
Too much Stranger Things, eh.
Could care less what happens to moslem countries...
The irony is that the oh-so-green germans now have to fire up their old coal plants with dirty brown coal no less. So much for Biden’s “great transition.”
Ptui.
Germany Reacts to Trump’s UNGA Speech
https://www.youtube.com/watch?v=FfJv9QYrlwg
PDJT warned them but the schnitzel scarfers tittered. Now their proverbial Hühnchen have come home to roost.
I remember I was so impressed when the Murkel started shutting down Germany’s nuke plants——yeah, that’s gonna work out.
I’d say Donald the Orange has the last laugh.
A cold winter could mean death from hypothermia for thousands of Europeans especially the elderly.
The European leaders arrogant. They thought they could surreptitiously subjugate their people on the sly and keep it secret until too late.
Trump did the Europeans a service for free.
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