[apillar]

In the short term it will be painful for the EU, but in the long term it will hurt Russia, because once weaned off Russian oil and gas, there is little reason for the EU to ever go back, so Russia is essentially throwing away their largest and closest market. Eventually countries like China will probably fill the void and purchase cheap Russian petroleum, but that’s not like just flipping a switch, it will take at least a decade to build the infrastructure and pipelines over thousands of miles to make shipping large quantities of oil and gas to China economical.

[SpeedyInTexas]

“In the short term it will be painful for the EU, but in the long term it will hurt Russia, because once weaned off Russian oil and gas, there is little reason for the EU to ever go back, so Russia is essentially throwing away their largest and closest market. Eventually countries like China will probably fill the void and purchase cheap Russian petroleum, but that’s not like just flipping a switch, it will take at least a decade to build the infrastructure and pipelines over thousands of miles to make shipping large quantities of oil and gas to China economical.”

A very clear, logical and coherent posting.

Scholz will be in the middle east this weekend to sign long term LNG deals. That locks Germany into non-RuZZian sources.

[Jeff Chandler]

once weaned off Russian oil and gas, there is little reason for the EU to ever go back

So you're saying that the EU base their decisions upon reason?

[Widget Jr]

#8. Exactly. China and India have long term goals of energy independence. India is buying oil and gas on the cheap, Russia is not making a lot of money off of those deals. Long term, Russia is looking to have its economy wrecked and needing a the better part of a decade to recover. It is just a matter of when that wreckage starts. This is not the mythological Russia of World War II. It is the USSR before the Berlin Wall fell.

[lodi90]

because once weaned off Russian oil and gas, there is little reason for the EU to ever go back

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The reason to go back is corruption. Russia has spent billions of dollars corruptly buying European politicians. That’s one of the reasons why President Trump wants so much to kick Russian influence out of Europe.