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by petre
1575 days ago
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This is probably the last time Putin uses Russia's resources to blackmail the EU. That's why he attacked Ukraine: he knew the window of opportunity to transform it into a Russian vasal state like Belarus is closing fast, so he picked the last refuge of the incompetent: violence. The EU won't build any ICE vehicles running on oil derivates after 2030, China is already ahead of them in this sectorand Germany just changed course with its plans to use Russian gas as for decarbonization after the invasion of Ukraine. China is also going to pay a lot less than the EU for Russian gas and there only so much pipeline capacity to deliver it. Russia basically just became dependent on China economically, just like Kazahstan and Mongolia. They have just invested $11.6B in a pipeline that will basically sit unused and will waste the rest of their dwindling treasury reserves on the war effort. |
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It is heart-breaking to hear that we exclude energy from the embargo fighting to keep the gas prices low at all costs. We should pay $10 per gallon at the pump. And work at curbing our gas consumption.