I agree, that if the western world wants long term control over inflation, then you MUST have low cost energy, plenty of it & plenty of sources for it.
Sadly, left wing policies & the green agenda, have destroyed that prospect.
The situation is already getting serious in Europe, worse, Putin now has huge control over an entire continent.
Because of failed energy policy, there is no ability to readily switch. Russia has been reducing the flow of natural gas for some time - preventing the normal build for winter inventory.
The dry summer & lower Rhine means that alternatives like coal cannot be built up over summer. In Germany, the utilities are on the brink of insolvency - bailouts will be required + power cuts.
Spot price is so high - they are now DRAWING N.G. from inventory, rather than building - in the middle of JULY!
France is having various issues of its own with electricity generation - which will likely affect us in the UK???
Germans will not stand aside as their industries etc collapse - something has to give!
The entire continent is beginning to rise up and protest over rising costs / falling living standards / farmers protesting the policies of the WEF & loss of livelihoods.....
I'm afraid that the show-down with Russia has so far been lost - the EU will likely press for a surrender deal along with whatever message that sends to Russia & China for the future. It didn't have to be this way - unless Biden thinks there is a quick military solution at his fingertips?
I agree, that if the western world wants long term control over inflation, then you MUST have low cost energy, plenty of it & plenty of sources for it.
Sadly, left wing policies & the green agenda, have destroyed that prospect.
The situation is already getting serious in Europe, worse, Putin now has huge control over an entire continent.
Because of failed energy policy, there is no ability to readily switch. Russia has been reducing the flow of natural gas for some time - preventing the normal build for winter inventory.
The dry summer & lower Rhine means that alternatives like coal cannot be built up over summer. In Germany, the utilities are on the brink of insolvency - bailouts will be required + power cuts.
Spot price is so high - they are now DRAWING N.G. from inventory, rather than building - in the middle of JULY!
France is having various issues of its own with electricity generation - which will likely affect us in the UK???
Germans will not stand aside as their industries etc collapse - something has to give!
The entire continent is beginning to rise up and protest over rising costs / falling living standards / farmers protesting the policies of the WEF & loss of livelihoods.....
I'm afraid that the show-down with Russia has so far been lost - the EU will likely press for a surrender deal along with whatever message that sends to Russia & China for the future. It didn't have to be this way - unless Biden thinks there is a quick military solution at his fingertips?
That's it starting......EU to soften sanctions on Russian banks to allow food trade.
https://pbs.twimg.com/media/FYBbkBkXwAAvAvW?format=png&name=large