yes, this is big and a major opportunity for US sales
Brilliant
Some smart people warned us about the pipelines, especially the Nordstream projects…
But no, the European politicans 20-25 years ago were stupid and didn’t listen.
And here we are.
You know how they say a picture says a thousand words, and I haven’t even gotten to the article yet.
Forgot that Turkish thumb.
I truly hope europeans start to think more carefully for their energy strategy. Russia isn’t reliable, and with Trump as a president we can’t rely on US forever to give us oil and gas, and we’re also used to all the problems in Middle-East. True energy transition = european independence + low-CO2 non-intermittent sources of energy. There are ways to do that but we’re still not on this trajectory (at least many european countries aren’t).
They always come out with killer covers that say more in one image than most western commentary articles do in entire articles.
The first promise the AFD made for there campaign was to restart nordstream. Hopefully we never seen the Russian gas industry gain a foothold in Europe again
Graphic but effective message that EU politicians should not forget.
The exact same thing (lack of supply diversity) happened to Europe during the Suez crisis (1956), in 1967 and again in 1973.
While the Suez crisis had a response (bigger tankers that could forgo the Red Sea and still supply sufficient loads) and the 1967 response (prorationing) were successful, Europe (and the OECD in general) largely didn’t learn the fundamental lesson.
The current scale of LNG exports from the US is staggering. (The US just surpassed Qatar in terms of LNG offloading.) It offers some diversity to European demand.
Russia completed the “Power of Siberia” pipeline to China last year. But if Russia loses Europe as a primary market, they will be in a position where they.only have one customer (China) who is not afraid of building coal/nuclear/whatever needed to keep their economy going.
Russia played the hand dealt to it by non-strategic western European politicians. But it also overplayed this hand. With Europe hesitant to blindly purchase future gas, Russia needs China to take up the slack. China isn’t in the same position as it has diverse sources.
It took me too long to not see the light shading as land and the dark shading as water. I thought the pinky was touching something like japan.
11 comments
yes, this is big and a major opportunity for US sales
Brilliant
Some smart people warned us about the pipelines, especially the Nordstream projects…
But no, the European politicans 20-25 years ago were stupid and didn’t listen.
And here we are.
You know how they say a picture says a thousand words, and I haven’t even gotten to the article yet.
Forgot that Turkish thumb.
I truly hope europeans start to think more carefully for their energy strategy. Russia isn’t reliable, and with Trump as a president we can’t rely on US forever to give us oil and gas, and we’re also used to all the problems in Middle-East. True energy transition = european independence + low-CO2 non-intermittent sources of energy. There are ways to do that but we’re still not on this trajectory (at least many european countries aren’t).
They always come out with killer covers that say more in one image than most western commentary articles do in entire articles.
The first promise the AFD made for there campaign was to restart nordstream. Hopefully we never seen the Russian gas industry gain a foothold in Europe again
Graphic but effective message that EU politicians should not forget.
The exact same thing (lack of supply diversity) happened to Europe during the Suez crisis (1956), in 1967 and again in 1973.
While the Suez crisis had a response (bigger tankers that could forgo the Red Sea and still supply sufficient loads) and the 1967 response (prorationing) were successful, Europe (and the OECD in general) largely didn’t learn the fundamental lesson.
The current scale of LNG exports from the US is staggering. (The US just surpassed Qatar in terms of LNG offloading.) It offers some diversity to European demand.
Russia completed the “Power of Siberia” pipeline to China last year. But if Russia loses Europe as a primary market, they will be in a position where they.only have one customer (China) who is not afraid of building coal/nuclear/whatever needed to keep their economy going.
Russia played the hand dealt to it by non-strategic western European politicians. But it also overplayed this hand. With Europe hesitant to blindly purchase future gas, Russia needs China to take up the slack. China isn’t in the same position as it has diverse sources.
It took me too long to not see the light shading as land and the dark shading as water. I thought the pinky was touching something like japan.
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