Posted on 10/21/2025 6:45:14 AM PDT by delta7
The European Union will phase out all Russian oil imports by January 1, 2028. New contracts will be prohibited after January 2026; existing short-term contracts must cease by June 2026 and long-term contracts by January 2028. The EU still believes it can target 45% renewable energy by 2030 and reduce its reliance on fossil fuel entirely. These conditions are perfect for inflationary price spikes and bottlenecks leading to extreme volatility. Europe has dismantled its economy to support Ukraine.
Cutting Russian gas imports reroutes the flow of capital across Europe and the globe. Alternative sources must be developed, infrastructure must be built, and agreements must be implemented. Gaps will lead to serious volatility, but these bureaucrats have no understanding of the larger implications.
There is no concrete plan B. Europe is back and forth on whether it wants to rely on the US. The US itself was begging other nations for oil under the Biden Administration and is prone to massive shifts since the two party system has two drastically different views on energy. Norway has become the bloc’s top pipeline gas supplier and is expected to deliver 120 billion cubic meters annually through 2027. New LNG contracts exist with Qatar and African suppliers. The Trans Adriatic Pipeline (TAP) has been expanding to 20 bcm per year and runs through Bulgaria and Greece.
Moscow supplied the EU with 40% of all gas imports before the conflict began in 2022 and offered gas at a historically low price. Trade was beneficial to everyone involved before Brussels decided to engage in economic warfare through sanctions on behalf of a nation that is not in the union. The union now imports around 6% of its current oil supply from Russia, but is heavily relying on the US and Norway. The US is charging up to 25% more on average. Norway’s gas production is not sufficient enough to power all of Europe singlehandedly. Europe is consuming around 400-450 bcm annually while Norway is only producing around 120 bcm. The US is naturally a safer bet than the Middle East or Africa due to geopolitical woes, but again, Europe is paying a premium and politicians are not eager to rely on America.
From the perspective of the Economic Confidence Model (ECM), this announcement is a turning‑point signal. Structural shifts like this rarely unfold smoothly. They are the precursors to non‑linear movements in commodities, currencies, and equities. Markets will price in expectations, fears, and geopolitical risks long before the physical supply is affected.
Energy is power. Power drives capital. The EU successfully drove capital away by decimating its energy sector through Russia and net zero initiatives.
The EU is self destructing, now this:
"Europe Preparing to Confiscate Private Accounts for War?"
"....The European Union is planning to cancel paper currency and move to CBDC to carryout:....
https://www.armstrongeconomics.com/international-news/europes-current-economy/europe-preparing-to-confiscate-private-accounts-for-war/
Fools.
Armstrong is correct when he says “energy is power”.
The power of a civilization can be measured by how much raw power, in the form of gigawatts or barrels of crude, tons of coal, or natural gas, are at its command.
It nice to see Armstrong occasionally get something correct.
2028. Pfft! IIRC, President Trump warned Europe against using Russian oil IN HIS FIRST TERM!
2027?
LOL.
Watching Atlanticists collapse into chaos, poverty, and societal collapse is one of the many benefits of the Russian invasion.
The fact that all the Uke supporters on here haven’t acknowledged that the EU itself has been funding Russia this whole time...
Some of them were laughing at Trump in the United Nations when he warned him about the danger of relying on Russian oil.
Rising energy costs because of Russian Derangement Syndrome and the Green agenda is destroying the EU.
Why will they be able to stop in 2 years but can’t stop or even cut back now?
For all the talk about Europe wanting to break away from paying Russia for energy, they evidently don't mean it. If the Muslims complete the takeover of Europe they'll quit kissing Russia's butt.
Why will they be able to stop in 2 years but can’t stop or even cut back now?
When they blew up their own energy lifeline, they effectively destroyed their own manufacturing base- across all sectors...Fools....and Vlad says “ Checkmate”, again.
I only agree from the standpoint of impoverishing Europe brings the day closer when these effete, elite, own fart sniffing euroweenies are hanging from lamposts at the hands of populations pushed to the breaking point. Like Romania, 1989.
European imports of Russian energy are heading to zero, all without Europe directly getting involved in the war in Ukraine. Russian revenues from energy exports are decreasing while production costs are increasing. That keeps Europe and Russia from open warfare while putting increasing burden on Russia's economy and war machine. This has gradually increased the political pressure on Putin.
This war isn't going to be won on the battlefield. It will be won when one side cannot sustain it anymore. Last week, anti-war protestors in St. Petersburg were playing Swan Lake.
It isn't Ukraine that is going to wear itself out first.
⚖️🔒⛓️ Martin Armstrong belongs back in prison. ⛓️🔒⚖️
⚖⛓️☭ Russia is the career criminal of countries. ☭⛓️⚖
Didn't Hitler have Stephan Bandaris as an ally in Ukraine?
And America. Your red arm band gives you away. Now, how about you goosestep into the nearest beer hall and preach.
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