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What Europe did is plain stupid. Germany cut the gas supply and is trying to catch up. Gas and electricity prices are skyrocketing. Like from 300€ a month to 1
by lnsru 4y ago
What Europe did is plain stupid. Germany cut the gas supply and is trying to catch up. Gas and electricity prices are skyrocketing. Like from 300€ a month to 1000€ a month for an older house. It would be clever to buy bad Russian gas for one more year and use that saved money for installing renewables. Whole world is benefiting selling energy resources for sick prices. It’s not that US is somehow profiting. It’s clear, that Europe simply lost by playing not wise.
- A4ET8a8uTh0 4y agoHmm, yes, if you look at it through a prism of EU as a united front, which, well, it is not. EU is a lot of things, but it has been under tremendous pressure to withstand various growing pains. Remember that it started as an economic union that slowly started to evolve into something resembling region umbrella. Now, once you look at the course of events through the prism of what is benefiting Germany, it is clear that those were set to benefit Germany. It just so happened, that political situation around the globe took a turn ( I am not certain what was the real watershed moment here, but Poland in particular was talking about [Russia and Germany working together in this fasion undermining EU energy policy] way before, say, Trump ; not that Obama was not aware of it either, but he was content considering Russia a 'regional power' ). Everything I just said is public source. Europe can still make it work, but it will actually take a real threat for it coalesce and I am surprised that did not happen yet. I am starting to wonder if this is exactly how WW2 started. People not understanding what is going on and betting that it will just dissipate on its own.
- BillyTheKing 4y agoGermany did not cut its gas-supply - Russia cut the gas-supply to Germany. Europe did not sanction Russian gas (they sanctioned Russian oil among other things). So this was not really German policy, it's Russian policy to cut gas-supplies to Europe.