Posted on 01/15/2015 5:36:17 AM PST by yldstrk
Vladimir Putin ordered the Russian state energy giant Gazprom to cut supplies to and through Ukraine amid accusations, according to The Daily Mail, that its neighbor has been siphoning off and stealing Russian gas. Due to these “transit risks for European consumers in the territory of Ukraine,” Gazprom cut gas exports to Europe by 60%, plunging the continent into an energy crisis “within hours.” Perhaps explaining the explosion higher in NatGas prices (and oil) today, gas companies in Ukraine confirmed that Russia had cut off supply; and six countries reported a complete shut-off of Russian gas. The EU raged that the sudden cut-off to some of its member countries was “completely unacceptable,” but Gazprom CEO Alexey Miller later added that Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey; and Russian Energy Minister Alexander Novak stated unequivocally, “the decision has been made.”
As Bloomberg reports,
Russia plans to shift all its natural gas flows crossing Ukraine to a route via Turkey, a surprise move that the European Union’s energy chief said would hurt its reputation as a supplier.
The decision makes no economic sense, Maros Sefcovic, the European Commission’s vice president for energy union, told reporters today after talks with Russian government officials and the head of gas exporter, OAO Gazprom, in Moscow.
(Excerpt) Read more at peakoil.com ...
Not if you are a Putin fan-boy like myself.
Putin is a dictator, a KGB dictator and you should not be a fan
Yep, Putin is the Pro-Western Leader we need!
It's Not like he Invited Kim Jung Un to Moscow for the May Day Parade, Supplies Iran with Technical Know How for their Nuclear Project, Invaded and Occupied Ukraine and Georgia.
Well, maybe he has done all those things, but it's okay, Putin doesn't like the gays so that makes all those other things a-okay!
It also is a load of crap.
They link to a Article written in January 6th, 2009.
The Southstream pipeline cannot come close to carrying all the gas that currently moves through the Ukraine.
This a someone taking a few facts and claiming a bunch of BS around them.
I would think so. Yet, why isn't it mentioned on stock market sites like barron's? Stock traders make it their business to feature events like this. Neither Foxnews or Drudge have mentioned it.
Maybe it’s true
http://news.yahoo.com/gazprom-warns-eu-turkey-pipeline-lose-russian-gas-212440234.html
I saw the story at about 5:30 this morning now can’t find the one I saw.
After years of insulting the Russians it makes no sense to them.
DOH!
According to Yahoo Finance crude is at $50.25, up 3.65%. Something seems to be afoot.
How's the 50% drop in oil working out for ya? Suck it Putin.
Possibly in reaction to the Swiss currency debacle. Are the Russians sensing the end is near for the global economy?
Not sure he cares, much like the Iranians didn’t care when their economy tanked. It actually allows the leaders to point to the USA as the cause of all economic woes.
Bad...but expected.
I thought the Russians would try some funny business to try to get gas prices up.
If we had an intelligent, pro-American, pro-democracy President, he would have long ago helped Ukraine out with their energy needs.
Well lets see how long Putey can keep it up. The ruble is crashing. People are flocking to buy luxuries in Russia before they disappear. So cutting back the gas revenues is not going to be too smart.
Putin is up to his azz in alligators in the Ukraine and he can’t figure out how to back out of the swamp.
It’s not like he tried to tried to exacerbate the 2008 financial crisis for US.
Great guy
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=afbSjYv3v814
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