December 26, 2022

Russia may Resume Direct Gas Exports to Europe

Timothy Birdnow

Russia may resume oil and gas shipments through pipelines to Europe.

What does that tell us?  The conventional wisdom will be that this means Russia is in trouble. I beg to differ; they never cut the gas lines anyway. Sabotage stopped the lines from producing and then the boycott came. But it was not Russia who shut it down.

So now Russia may open it back up?  To me that means the Europeans are now willing to accept Russian gas and are willing to ignore their moral high horse to get it.

In other words, this is evidence Russia is winning.

Sanctions rarely work, and when you are sanctioning a place as vast and as important to the world economy as Russia they work very poorly. And they work especially poorly when the boycott relies on European cooperation.

I remember before the invasion of Iraq the Europeans simply ignored the boycott on Saddam Hussein. They needed the oil and were willing to buy it through third parties. It completely thwarted American plans in the region. But the Europeans don't care about that. They want what they want.

I think this is a good sign for Russia.

From the article:

However, in the absence of reliable alternatives that can supply energy on scale - the ploy of sanctions has not worked as well as it was supposed to.

After months of dillydallying, theG7 nations, the European Union and Australia, earlier this month agreed to a price ceiling of $60 per barrel of seaborne Russian Urals crude oil.

Thus, experts are surprised that Moscow is willing to resume gas supplies through theYamal-Europe pipeline.

Gee, ya think?There was a reason why Putin was so aggressive about cornering the energy market. And the foolish Euroweenies embraced all this alternative energy which guaranteed they remain dependent on Russia. Putin knew what he was doing.

Posted by: Timothy Birdnow at 01:00 PM | No Comments | Add Comment
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