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>Gas prices have soared to record levels over the last year as higher global demand has been intensified in Europe by low gas storage levels and A DROP IN PIPEL
by Normille 4y ago
>Gas prices have soared to record levels over the last year as higher global demand has been intensified in Europe by low gas storage levels and A DROP IN PIPELINE IMPORTS FROM RUSSIA FOLLOWING ITS INVASION OF UKRAINE...
[my emphasis]
Great bit of spinning there. Making it sound like Russia arbitrarily decided to 'turn off the tap' after invading Ukraine. When the reality is that Western European countries fell over themselves in their stampede to 'wean themselves off dependence' on Russian oil and gas, by banning imports. And now we're seeing the consequences.
Must be the first time an entire continent has shot itself in the foot, through virtue signalling.
- wewxjfq 4y agoEurope has not banned Russian oil and gas and Russia did indeed turn off the tap.
- Normille 4y agoNo. Most European countries announced that they were going to completely stop importing Russian oil & gas within the next couple of years. They also froze Russian overseas bank accounts and blocked Russian access to the Swift international payments processing system. As a consequence of this Russia said "Well, if you're blocking our access to foreign currency, you'll have to pay for your oil & gas in Roubles" Western European nations refused to pay in Roubles, so Russia said "If you won't pay, you don't get the oil & gas'* Honestly. Whatever your opinion on Russia's invasion of Ukraine [and I think we're all pretty much of one voice on that!], spinning the narrative as 'Russia invaded Ukraine and then gratuitously turned off Europe's oil & gas supplies' is doublethink worthy of Orwell. I've just heard Boris Johnson on the BBC News giving a ridiculous "The British people will show Putin he can't bully us by raising gas prices..."* speech, in response to questions about the crippling energy price rices we've had already and are having again in October. None of these price rises would have happened if European leaders had thought for a nanosecond about the consequences, before falling over themselves in their headlong rush to slap these self-harming sanctions on Russia. Total and utter fucking idiots. And, as one of the 'normal' 'man-in-the-street' people who's going to be financially crippled by this, I find the blatantly transparent co-ordinated effort to re-write history and pretend it was all evil Russia's fault all along, to be doubly insulting.
- origin_path 4y agoRussia's position is officially still that they can and will pump as much as Europe is willing to buy. Bear in mind that there is an entire pipeline ready and waiting to go that Germany refuses to use. Simultaneously, the other pipeline required maintenance on its compressors which were heavily delayed by Western sanctions. Not just one turbine but several needed work. This has led to the bizarre outcome that Germany put pressure on Canada to break its own sanctions regime to return a turbine that was shipped there for maintenance, whilst simultaneously refusing to allow usage of the brand new pipeline that worked, and is now blaming Russia for not reactivating the old pipeline fast enough! Their position makes no sense whatsoever, except that nobody hears the Russian story in the West due to widespread story-killing, so they accept this "Russia turned off the tap" narrative even though it's wrong.