British And European Politicians Brought High Energy Price On Us For Their Jewish Paymasters With Idiotic Sanctions On Russia
The European gas price is continuing its rally: according to Bloomberg's Tuesday report, it had already jumped by as much as 13%
on "geopolitical tensions" over the Ukraine crisis. Still, it's only
the beginning, given that the EU appears ready to slap even more
sanctions on Russia, according to Dr Paul Craig Roberts, former US
assistant treasury secretary in the Ronald Reagan administration.
Sputnik: How will the unfolding events affect the already soaring gas prices in Europe?
Dr. Paul Craig Roberts:
The sharp rise in natural gas price in Europe is entirely due to
Western hysteria and stupidity...
According to the EU's own data, Europe
is dependent on Russia for 46% of its natural gas. In the face of such
extraordinary dependency on Russian energy, the moronic European
"leaders" are falling all over themselves imposing impotent sanctions on
Russia. The idiotic German chancellor actually punished the German
people for Russia's recognition of the Donbass republics by "cancelling" the Nord Stream 2 pipeline.
This
foolish act was a prime reason for the hysteria that has caused a sharp
rise in prices. The price rise helps Russia -- if it continues to
supply Europe with energy. It hurts Europe and whoever financed the
Nord Stream 2 pipeline. If the pipeline sits not operating, it cannot
produce a revenue stream to service the capital invested in the
pipeline. I do not know who financed the pipeline. If it was Germany,
then the chancellor's sanctions on Russia have twice injured the
Germans.
Sputnik:
Russia is the main source of energy for Europe and alternative supply
routes do not seem as feasible. Will Europe willingly back itself into a
corner by refusing to buy Russian gas? What will be the consequences
for European energy security?
Paul Craig Roberts:
The EU's 46% dependency on Russian natural gas is independent of the
Nord Stream 2 pipeline, the opening of which has been on hold due to
Washington's pressure on Germany. Therefore, the rise in gas price is
not due to a reduction of supply, but due to speculation that Russia
will reduce or cut off supply. Europe is served by other pipelines. What
if Russia responds to the EU's "sanctions" by closing the pipelines
that deliver 46% of Europe's natural gas? What would Europe's fate be?
Russia has accepted sanctions without replying in kind. Perhaps it is time for Russia to impose sanctions to teach the West a lesson.
In
my opinion, there is no reason for Russia to deplete its own energy
resources by sharing them with its European enemies. Perhaps the Russian
government's idea was that energy sales would be a source of foreign
exchange earnings and that providing Europe with energy was in the
interest of good relations with the West.
Now
that the West has demonstrated that the West has no interest in good
relations with Russia, there is no point in the Russian energy sales.
Russia has no need for foreign exchange. The Russian central bank can
finance Russian economic development with no need of foreign
involvement. Russia's holdings of instruments denominated in dollars or
euros would just be confiscated by sanctions.
Sputnik:
Is the Nord Stream 2 project dead now, or is this just a short-term
reaction to the unfolding events? Can Europe actually do without Nord
Stream 2?
Paul Craig Roberts:
Europe brought the high energy price on itself with its thoughtless
sanctions; the high prices benefit Russia and hurt those who financed
the Nord Stream 2 pipeline; Russia should consider turning off all
natural gas to Europe and conserve its energy source for its own and
China's development.
Europe is nothing but a thorn in Russia's side, a collection of Washington's puppets. Russia owes Europe nothing.
No comments:
Post a Comment