Posted on 02/22/2022 5:24:28 AM PST by Oldeconomybuyer
MADRID (AP) — Surging energy prices and fears of a Russian invasion of Ukraine are making European leaders think hard about energy security — particularly their decades-old reliance on Moscow for natural gas.
The crisis shows Europe’s vulnerability after years of limited progress in completing an “energy union” — a 2015 vision to allow affordable gas and electricity to flow across borders while diversifying suppliers and reaching climate goals. As renewables like solar and wind are slowly built up and coal and other fossil fuels are phased out, Europe still needs natural gas, and it’s dependent on Russia to get it.
That came into sharp relief as Europe’s gas supply dropped and prices soared partly because Russia sold less gas than normal, squeezing households and businesses with rising costs.
With gas reserves low and concerns a war could interrupt pipeline flows from Russia, the EU is focused on getting liquefied natural gas, or LNG, by ship from the United States, Qatar, Algeria and elsewhere until renewables catch up. Environmentalists fear making that even a short-term priority could set back Europe’s goals to move away from fossil fuels.
(Excerpt) Read more at apnews.com ...
Heaven forbid they think about stopping one European country from invading another.
All markets go up and down.
However, Trump proven right again and Leftists prove they are not worthy of being elected.
The silver lining here is now the Germans and Euros see how critical it is to be diversified in energy and not depend on untrustworthy Russians for their energy needs.
How much energy is wasted liquifying, transporting, and then thawing out LNG? Sounds as bad as liquid hydrogen.
Maybe they should pressure Biden to increase U.S. production. Yeah, I know, climate change and all that. Of course they won’t do it.
They are more likely to do whatever will make matters worse.
I made a mistake in buying last week. I should have waited another week or so.
Not to worry. Europe is blessed with lots of coal
Thank You AOC and the Squaws.
Europe has plenty of shale gas. They just don’t want to dirty their hands drilling for it. Let ‘em shiver in the dark.
Invading or merely‘annexation’. (1938)
Although they would be separate countries rather than conquered. ???
They saw that many years ago and just kept going full retard.
It’s by design, not an accident.
What intelligent German thinks shutting down all nuclear energy and importing Muslims and Russian natural gas are good ideas?
So is the U.S. energy sector. Have we already forgotten the pathetic sight in the spring of 2020 when President Trump was begging Saudi Arabia to CUT oil production to keep prices from dropping and decimating U.S. energy companies?
France has a high percentage of nuclear power, as all European countries should.
“Trump is exaggerating Germany’s reliance on Russia for energy”
https://www.cnbc.com/2018/07/13/trump-is-exaggerating-germanys-reliance-on-russia-for-energy.html
Trump was right....again
Trump would have had America in a sweet spot with energy exportation. Just one more Biden/Harris clusterpuck.
Maybe they might want to rethink that proposed natural gas pipeline from that country called ISRAEL.
You know the ONLY true DEMOCRACY in the Middle East.
Waving in Albertan.
LOL! That'll be never.
For the UK there is lots of fracking for Nat Gas that can be done in Yorkshire and NE England proper. The underground reserves are sitting there. The greenie retards (may they freeze in the dark) have banned fracking in England.
LOL… hold on I have to stop laughing….. The Lib, The Greens, The We only have 9.5 years left groups will kill any attempt to make Europe have Secure source of energy. They killed the Israeli pipe line to Europe. Let them freeze to death, these people are all talk. What did they think would happen by getting into bed with Russia!
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