[BeauBo]

“Putin has pulled the gas supply lever as far as he can. It hasn’t worked”

Epic Fail.

Putin cut the gas supply to zero, and the markets yawned today. Prices dropped in response.

Bottom line: Europe has now prepared.

Putin has played his energy card to the max, and lost. He does not have another anywhere near as strong.

European pain is temporary, Russian loss of market share is likely much longer term.

The loss of that revenue is catastrophic for the Russian economy and Government finance. Europe was 85% of Russia’s gas exports last year, and natural gas was 1/4 of total Russian GDP. They still have their domestic market, the 15% in the Far East (Japan and China), and the Turkstream pipeline is still operating, but the others are flaring their gas into the atmosphere.

The goose that laid the golden eggs is dead. Putin did that.

[WMarshal]

Baghdad BoBo “The patriotic fervor in every heart of the German volk will keep them warm through the coldest winter!”

Your comment reads like satire.

[BlackbirdSST]

Epic Fail. Putin cut the gas supply to zero, and the markets yawned today. Prices dropped in response. Bottom line: Europe has now prepared. Putin has played his energy card to the max, and lost. He does not have another anywhere near as strong. European pain is temporary, Russian loss of market share is likely much longer term. The loss of that revenue is catastrophic for the Russian economy and Government finance. Europe was 85% of Russia’s gas exports last year, and natural gas was 1/4 of total Russian GDP. They still have their domestic market, the 15% in the Far East (Japan and China), and the Turkstream pipeline is still operating, but the others are flaring their gas into the atmosphere. The goose that laid the golden eggs is dead. Putin did that.

You are a walking talking delusion.

[BobL]

“The goose that laid the golden eggs is dead. Putin did that.”

Seems to me that if things were so bad for Russia right now, Putin would restart the gas flow.

So why doesn’t he?