Posted on 05/22/2022 10:39:41 AM PDT by marshmallow
eu are fools
Merkel the Russian Spy did a very good job
With their “green” goal to get rid of fossil fuel they’d fail to find idiots willing to invest required $1,5 trillion long-term as well.
Even homeless drug addicts know enough to find new pushers before dissing the old one.
Usually, when you sell your soul to the devil, you can’t get out of such a binding agreement. The EU is fortunate.
In fact not. Russian gas is what made the German economy so strong under Schroeder and Merkel. Their PPP GDP per capita is $60k, the UK’s is about $40k. Before Russian gas the UK was by 1/3 better-off than Germany.
Let them eat solar panels.
I happened to see an article in a Qatar newspaper recently. It was outlining the negotiations with Germany to replace Russian gas.
Qatar had requirements. Germany was pretending it could negotiate.
Qatar requirements were 1) any LNG delivery must be strictly limited to Germany. There could be no distribution elsewhere, which could affect price they charge to other European customers they already serve. 2) They must have a 30 year long term contract, and penalties for early termination would be severe and certified a priori in European courts, with strict definitions of Force Majeure — limiting any such claim to nuclear attack that killed citizens and thus precluded consumption.
Germany said they could not offer 30 years because their climate easing perspective required them to cease fossil fuel consumption within 5-10 years.
Qatar said we do not care about your perspective. 30 years. Your choice.
Consensus is Germany will agree to everything, or return to Russia gas.
Sell oil to the EU, or
Purchase wheat and food from Russia/Belarus/Ukraine/Kazastan
Choices, choices
The little nasty secret nobody tells is that the infrastructure required to replace Russian pipelines for the LNG use costs in excess of $1,5 trillion. Nobody is going to jump in with the prospect to lose it in 5-10 years to green policies.
Meanwhile, Russia is using sanctions as a pretext to cancel the lucrative $300 per tcm contracts and force new contracts on the Germans, where the price is based on the current spot price of $1000-1500.
Gee, maybe they should have listened to Trump’s warnings.
EU needs alot more solar panels and pray for sunny weather.🙄
If Germany could go back in a time-machine to end 2018, and instead leave open 4 nuclear reactors that were closed in 2019, the would already need about 2/3 less Russian gas.
Eurolemmings!
Remember, less than 4 years ago, when Trump warned the Eurolemmings about this? And they laughed at him?
https://www.youtube.com/watch?v=FfJv9QYrlwg
The Eurolemmings, the woke Deep State and their puppets in Ukraine all need to FOAD.
Things are not working out so well for the Bidenistas.
Nuclear power plants take time to build and time to get up to speed..but since the EU and US can’t go back in time it’s better to start building now than pretend the situation gonna get better on it’s own.
From the standpoint of geopolitical power games between nation-states, the EU is cutting off its nose to spite its face.
These ill-advised sanctions have only accelerated the shift to a multipolar world.
>>In fact not. Russian gas is what made the German economy so strong under Schroeder and Merkel.<<
No, it is that the US took care and paid for Germany’s defense. Life in Germany is stress-free when compared to life in the US. Long vacations, better infrastructure...etc. All paid for with our tax $$$
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