Russia cuts off gas exports to Europe via Nord Stream indefinitely

CNN Business ^ | Uliana Pavlova and Anna Cooban

[Cathi]

Russia won’t immediately resume exports of natural gas to Europe through its Nord Stream 1 pipeline, worsening a shortage that threatens to tip the continent into an energy crisis this winter.

On Friday, Russian state energy giant Gazprom said it would not resume flows through the pipeline on Saturday as planned because it had detected an oil leak at its Portovaya compressor station. The pipeline has been shut since Wednesday for maintenance.

It didn’t give a timeline of when exports might resume.

[WMarshal]

They’ve been preparing for war with Russia i the Ukraine since 2014, a total of 8 years, the dismal performance of NATO is even more pathetic than most realize.

[rodguy911]

My guess is Russia had some very important reasons to go into the Ukraine. They may have included destroying the Nazis. They were everywhere raising hell all over the country/ there were many bio-labs all over the country that needed to be secured. The donbass which had been under attack since 2014 needed to be secured. Many of the residents have Russian sympathies. There are undoubtedly other reasons to go into one of the most corrupt countries in the world,the Ukraine.
Pedophila comes to mind as another possible reason to go there. It's likely only Putin knows all the reasons.
If they have made sufficient progress in dealing with the above they may leave,but than Ukraine is a historic mess. Who knows what will happen there.

[Don@VB]

Regarding new Marshall plan: We would generate plenty of money. We would be selling Europe oil/ gas and charging them freight as well. All produced and refined in the USA creating additional high paying jobs.

[kiryandil]

You appear to be missing the point that our domestic energy prices would be affected, upwards.

Your "additional high paying jobs" don't apply to fixed-income seniors.

[TreasonObserver]

Gee, didn’t President Trump predict this? Yeah, even a blind squirrel . . .

[Travis McGee]

>>>"Russia is doing the cutoff. They are cutting off their own revenue." <<<

Today, Europe is buying Russian NG via China at 10X the price. After being NG piped to China, it has to be converted to LNG, and shipped (on ships, in liquid form), at massive cost all the way back to Europe.

It would cost 1/10th the price to Europe if it was coming via the old direct Russia to Europe NG pipelines. But the "leaders" of Europe would rather their people literally freeze to death, and half of their businesses go out of business, than to grasp reality. IOW, at this point, it's pure vanity and face-saving. At the cost of their own peoples' lives.

Currency exchange rates don't lie, can't be spun. They are literally what traders will "buy" foreign currencies for, using their own money.

Do you understand these charts?

[Travis McGee]

Please see #106.

[reformedliberal]

...Russia will use this ...
_______________________

Or it’s also a way of using Europe’s vulnerability, especially that of Germany & globo Siemens, as leverage against Canada. It pits them against each other as cracks appear within the EU.

Trudeau is one of Klaus’ Golden Boys and he is ambitious. You can see Trudeau, Macron and Rutte competing for hard guy status in the WEF. Pressure on Canada is pressure of WEF and its future talent pool.

Putin seems to be in control. He can emulate the WEF strategy, applying force at several different points of weakness simultaneously. Meanwhile, BRICS+ & SOC continue to organize.

[reformedliberal]

...its demographic heading.
_________________________
Every video and vlog of the past few years of Russia shows young people pushing strollers, some with toddlers AND infants.. People appear healthy and vigorous. Saw a travelog of Sochi and it’s main attractions include extreme individual sports like bungee jumping. Everywhere you see crowds of young heterosexual couples.

I think they will grow, demographically.

[EEGator]

Maybe, but your videos do not bear out to published numbers.
Look up Russian alcoholism, drug use, suicide, abortion, and birth rate(1.2).

[reformedliberal]

... EU to go to war.
________________________________________________
With what? Their currency is at parity with the US$. They cannot deal with their infrastructure needs as it is. They do not reproduce much at all, except for migrants, who are a net drain. They sent their weapon stores to Ukraine on the promise of resupply that is forecast to take 2-3 years to produce. None of the EU nations have much left to pillage.

All they can do is shut off the hot water and say: “Take that, Putin!” while he just chuckles.

[reformedliberal]

...the elite will suffer none of the negative consequences for their actions because they control the flow of all the necessities for life.
_________________________________

I wonder how far down the chain of command & control this invulnerability will go?

There’s a large cadre of useful idiots who have been well-paid to flack & otherwise enable the globo agenda, but are they paid enough or given enough perks to keep them happy in the depth of essential shortages?

Might be some defections as reality bites.

[BeauBo]

“ Currency exchange rates don’t lie, can’t be spun.”

How about the exchange rates of the Cuban Peso, and the North Korean Won?

They are most certainly spun. They are fixed by Government regulation.

The ruble is no longer a freely traded currency. The Russian Government now forces businesses to buy rubles, and legally forbids broad classes of individuals, businesses and organizations from selling rubles.

They can manipulate that official exchange rate to whatever number they want. It does not reflect any real economic strength.

A third of all the rubles in existence were created in the last six months. Next year is sure to see steep inflation in the ruble price for goods, just based on that explosive expansion of their money supply. But there is no reason to believe that they will halt those printing presses any time soon. In fact, their printing, and the pressures for them to print, have been accelerating.

[BeauBo]

This may well mark the watershed in this energy war, where Putin jumped the shark.

He cut off the Nordstream Pipeline, and the markets reacted with a yawn. Prices dropped.

Europe has moved on to other suppliers, and other fuels. They already have enough gas stored to get through Winter, and a flood more headed their way next year, from other suppliers. The energy card has been played, and can’t be played again.

The peak of Putin’s bullying has passed. It is downhill for him and Russia from here on out - Militarily, Economically, Diplomatically and Politically. It is going to be an epic thrashing, because of what they have done. They brought it on themselves.

[reformedliberal]

I’ve seen those. The video I see over about 4-5 years disputes that.

In today’s world, it is essential to ask how credible are the numbers?

The US fudged the Census in order to generate more D Congressional seats, for example.

[BeauBo]

“Today, Europe is buying Russian NG via China at 10X the price”

Chinese imports of Russian gas have only increased a few percent of the decline in volumes to Europe.

Europe has reduced their use of natural gas (through conservation, lowered demand and fuel substitution), more than China’s total increase. Out of Europe’s increased imports of natural gas, most is coming from Norway, the USA, Qatar, Algeria and the Netherlands. Azerbaijan has increased their volume to Europe more than China.

Smuggling is small potatoes, and China is the one getting the markup, not Russia.

Russia is deeply Strategically screwed. They have driven off the bulk of their natural gas customers, and can not physically move most of that surplus product to other customers. For now, it is just burning off into the atmosphere, but eventually they will have to cap those wells.

[glorgau]

> Please see #106

Please say what your talking about

[joma89]

I am glad I am a prepper and a utilitarian then.

[Travis McGee]

They are not convertible currencies, duh.

[BeauBo]

They are in fact convertible, Duh.