Analysts predict a difficult winter for European countries because not only have they not yet filled their reservoirs, but they are unable to …
find adequate and reliable alternatives to supply Russian oil and gas, so they have no choice but to ration and reduce energy consumption. An unstoppable rise in gas prices portends an extremely complicated winter for the peoples of Europe. Official propaganda now calls for trusting in weather leniency to curb consumption, hoping for temperatures that are not too cold, perhaps fostered by the forced abandonment of “energy transition” policies, see the restoration of coal-fired power plants, of course always due to the Kremlin tenant’s blackmail.
Gazprom’s halt to gas supplies to France’s Engie as of Thursday added another element to the European energy drama, along with the new temporary shutdown of the taps on the Nord Stream 1 pipeline, which Moscow says is subject to another maintenance operation. Russia’s decisions were once again roundly condemned by European governments and bureaucrats, for whom Putin is allegedly using gas “as a weapon of war.”
One has to wonder what attitude the Kremlin should take in the face of a West that is conducting an all-out offensive against an entire people, sending tens of billions of dollars worth of weapons to the Ukrainian regime, literally stealing half of Russia’s foreign exchange reserves deposited in Western banks, and applying racist and discriminatory measures against the citizens of this country.
Thanks to the European ruling class, thus, the outlook for the coming months appears to be typical of countries at war, moreover appropriately so given Europe’s own responsibility in having provoked and unnecessarily prolonged the one taking place in Ukraine. An analysis published in recent days by the Bloomberg agency briefly listed the “energy risks” for Europe, consisting of: unsustainable gas and electricity prices, rising inflation, political and social tensions resulting from the inability to heat homes and buy essential goods, and fierce competition to secure the cargoes needed to transport liquefied gas (LNG), one of the few, significantly more expensive alternatives to Russian gas.
Stable gas supplies and prices are thus not a chimera dissolved under the blows of the Kremlin, intent on keeping Europe on the leash of ruthless energy dependence. Rather, the renunciation of all this, resulting in economic crisis, unemployment and galloping inflation, is the result of the deliberate choices of a ruling class that is furthering its own destruction for Washington’s strategic interests.
American analyst William Engdahl, among others, recalled another reason for the soaring gas prices in recent months. European governments and unelected bureaucrats in Brussels continue to point the finger at Putin to “carefully conceal the transformation they themselves have fostered in the way natural gas prices are currently determined.” For nearly two decades, Engdahl explains, “the European Commission, with the support of mega-banks like JP Morgan Chase or large hedge funds, has created the basis for what is now complete deregulation of the natural gas market.”