Posted on 03/05/2022 10:03:18 AM PST by MinorityRepublican
Russian President Vladimir Putin’s war in Ukraine has jolted Europe’s slow-moving efforts to wean itself off Russian natural gas, but time is running out, threatening to leave consumers cold and factories idle by next winter.
Whether the Kremlin turns off the taps in retaliation for sanctions or Europe stops buying, European policy makers agree that they need to prepare for a future with much less Russian energy, if any.
Untethering Europe’s gas market from Russia would represent a monumental change for a continent that has grown so reliant on gas from the Siberian permafrost that it has built little infrastructure needed for alternative supplies.
The European Union gets around 40% of its gas from Russia—and that dependence has grown in recent years. This week, as the West sought to hobble Russia with sanctions, the EU was paying as much as 660 million euros—roughly $722 million—a day to Russia, according to the Bruegel think tank. That is triple the level before Russia invaded Ukraine.
“It has become painfully clear that we cannot afford to leave to any third country the power to destabilize our energy markets or influence our energy choices,” Kadri Simson, the EU’s energy commissioner, told the European Parliament on Thursday.
Replacing Russian gas is easier said than done, however. Many liquefied natural gas terminals that receive deliveries from the U.S. and Qatar are maxed out. Two new terminals approved by the German government this week will only be built in three years at the earliest, one of the companies involved has said.
(Excerpt) Read more at wsj.com ...
They ( and us) can thank the watermelons for this.
Let’s go Brandon!
They should demand America increase production.
You know that the Ruskies have spread Green propaganda for years to make the west more dependent on their oil.
And they couldn’t figure this obvious conclusion out 5, 10 years ago? Bureaucratic genius to the rescue, again.
Yes our idiotic energy policy since Trump got cheated has wreaked havoc on us already. Didn’t take long.
Europe even stupider except maybe France with its nuclear power.
The Euros are supposed to be so smart. Who with an ounce of functioning cerebral tissue couldn’t have seen something like this coming?
Perhaps Europe should surrender to Russia now and save time.
Makes you wonder if the Russians have Greta's family on their payroll.
Seems like someone was warning them about this 4 years ago. The bad orange man, I think it was.
You wanted Biden, and your energy dependency on Russia came with him, it was part of the package.
Isreal found gas or oil offshore. Is there no gas or oil in the rest of the Mediterranean?
Pukin is still a commie. He’s pissed that Reagan brought them down. The problem we have now is that we don’t have a Reaganesque president now. We have a Jimmah Carter on steroids.
Damn they look like blood relatives.
PDJT had the solution in place and moving to completion with the USA exporting what was needed.
But the prog can not stand for a successful USA, noooooo sir, it was Get Trump, 24-7.
So now Europe submits to Master Prog Putin or they freeze in the dark, crushed by tanks and bombed into dust.
It only took one year of prezzy potato head.
ONE.
.
Maybe Germany shouldn’t have turned off their nuclear power plants.
“You know that the Ruskies have spread Green propaganda for years to make the west more dependent on their oil.”
Actually Big Green and environmental zealotry are Anglo-American productions. I’m not saying Russia, China, & Saudi Arabia aren’t spending money on it, they are, but our own expenditures dwarfs their contributions.
The primary people responsible are politicians & voters who support this economic stupidity.
The West could reverse these policies anytime and Russia would be powerless to stop it.
However, Karen and her wokester buddies like the current system, so it won’t change.
Maybe Germany shouldn’t have turned off their nuclear power plants.
***It’s turning out that this whole thing is kind of about nukes.
Russia woulda never invaded if the Ukes had kept their Nukes. The Germans would never have even considered turning their nuke power plants back on if this thing hadn’t boiled over.
But you’re saving the planet! How DARE you!
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