How Putin held Europe hostage over energy | FT Energy Source
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- Опубліковано 6 вер 2022
- Russia's invasion of Ukraine has prompted the biggest shake-up of European energy markets this century. This film explains how Europe became so dependent on cheap Russian gas, and explores the hard choices facing the EU as it tries to balance energy security and climate ambitions. Read more at on.ft.com/3D7bv31
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The title should be changed to “How Europe made itself a hostage.”
Bingo
How Europe is robbing Peter to pay Paul
Biiiingo. But oh well. They'll be fine in 2-3 years. Russia, though...man...they've totally screwed themselves for decades over this.
This is how the western Media operates. They blame the order side for the problems they created.
Russia actively sabotages the independence of Europe from Russian gas some pro-Russian European leaders campaigns were even financed by the Russian elite likely just making a middleman to hide the Russian government, and as Europe could get gas much cheaper from Russia than anywhere else, it was not very hard to persuade. There was also a sense that if Russia will be dependent on European money, it will behave better than if Europe let Russia become the next North Korea. Ukraine's gas exploration was among European projects that got sabotaged by Russia when they started chaos in neighboring Transnistria just to make Western gas exploration company back off from the deal to start digging gas on Ukraine's soil that would make Ukraine far less dependent perhaps even allow export to the EU itself, something that Russia certainly did not want let to happen. While some media can make you think that everybody in leadership is stupid while they are armchair generals everybody should listen to, Europe wanted good relationships with both the US and Russia but as the US during the Bush Junior administration promised Ukraine NATO membership and later administration actively interfered with the democratic process in Ukraine to counteract the same activity performed by Russia which wanted keep its Western buffer and control over the Black Sea at all cost similarly as the US was willing to do anything to keep Russia out of Cuba, Russian leadership found itself in a position which could not win just by economic trade incentives, bribery or threats like poisoning leaders that did not play the ball and thus chosen diplomacy by military means..
With Putin's help Europe is one step closer to achieving net-zero. What's the problem?
Cold turkey lets get this over with.
Exactly, let's keep on sanctioning Russia. Europe thinks Russia is Africa which they can dictate to plunder and set prices.
hahha top joke
The problem is 'Winter is coming'. Haha
Hahah
Is not Putin but Europe themselves that held themselves hostage.
YUP!! YOU HIT IT FVCKIN RIGHT..
Nope, Its the US holding Europe hostage by their pawns in european governments.
The arrogant stupidity of the EU in Brussels does not pay off very well.
That's bollocks. Stop being stupid.
Absolutely correct. Of course the unelected EU commissioners are too arrogant and stupid to admit this.
minor correction, the companies were not concerned with the cheapest prices for customers but to maximise the profits to themselves
Согласен. В России тоже идиотов хватает(
Since the western world can weaponized their financial system, why Russia can not weaponized their energy?
exactly they hit even india when india conducted its nuclear test and not once thought about before imposing sanctions and hearig other opinions, what europe should have done is for time being not impose sanctions on oil from russia, fill up the reserves, and alternatively building all the additional resources needed when similar stuff happens, to prepare for such similar fall out, but that means losin ukraine to russia which cannot be avoided, in the future once thry build and prepare fr such scenarios then even if they want to impose sanctions they can rely on the backup plans,
it makes me think how educated in genral leaders are, did they not anticpate this from russia with winter coming and strted lecturing india when inflation was crossing 8% here , and without any backups did they not know the implications, to fight you need strength, you cant be weak and expect sanctions to work, you win from position of strength and when your dependence is so much then moment it disappers you suffer not the other,
Because the CIA must approve of everything that any other country does.
@@Pnumi why does cia approve, secondly common west perception india soft on russia, let me say what russia is doing is hurting india, its exports to us and eu will reduce and will impact economy
@@Pnumi unfortunatrly becuase of militiary to military links its tough and india needs russia to mediatate with china, and oil, when west was importinf oil but lecturing india thats when india got upset, west needs to think that it cant fight multiple front one against iran, russia etc , and secondly not thinking about its e economy, in case of criisis, and then after all such delibiarations it should have gone through with sanctions, your nat ional interest takes proority over every other thing, thats how every nation should conduct and thats when they can have a successful siplomacy, you cannot sanction iran and russia and expect to get oil,
If sanctions are the tools of economic warfare, the supply of gas and oil are also tools of economic warfare. Is this, anything you can do , we can do better?
They are hoping we are too stupid to come to that conclusion.
Payback time for Vlad! It didn't have to be this way, but the West-you know, the good guys-have been engineering a war ever since the CIA Maidan coup ousted Janokovich. Putin has outsmarted the West, some of whose citizens are soon going to be extremely cold and hungry.
Russia is really wanted to put sanctions on them by EU and USA. They used Ukraine as a tool to put sanctions on them. Now they are heading towards to reduce dollar dominance, people realised who are all Europeans(they do only what is good for them. Didn’t care other side), world also realising about SWIFT system. Now world order changing direction.
There are better weapons available to the West, like a complete blockade of Russian ports and banning all trade with them from Western and allied countries. There are better weapon systems available to be sent to Ukraine - like our current equipment rather than the reserve stuff we have mainly sent. Russia on the other hand has no further card to play except terrorism in the West (that'll mean major enhancements to supplies for Ukraine) or Nuclear threats. Russia would end up Radioactive Glass in a nuclear war - it only has a handful of significant population centres and only the population of Germany+UK.
Russia is either going to hold off Ukraine, keep a bit of territory and leave before spring or lose completely. I see no chance of the Europe letting Ukraine lose now that it has spent half a TRILLION euros on gas subsidies for the next couple of years.
@@michaeldavison9808 Pipe down goofball. You sound like a gay, Biden puppet. Wait a minute, your real identity is Nancy Pelosi, isn't it?
The question that should be asked : Who sanctioned themselves out of Russian gas?
"An Energy supplier who then "became hostile" . . . . really? Like, they just "became" hostile . . . all of a sudden . .. for no particular reason?? . . .
It's basically the story of incompetence of an entire generation of leaders. Hints a lot to the issues that our "great" system causes.
TRUMP WARNED YOU
The system need a rebuild
Incompetence coupled with hubris and a strong dose of ignorant entitlement.
Neo colonial mentality to rule the world and maintain hegemony is more accurate
It would be useful to identify the idiots responsible for these decisions to make sure that we never allow them to cause further damage going forwards.
Comical! Did they not expect sanctions in return? This is a self-inflicted energy crisis in Europe.
Yep. Very stupid to become dependent on a known tyrant.
Although you lose cheap energy, you gain freedom and democracy
@@astronorthwet636 very stupid backstabbing the person who sells you the gas and oil you need
@@user-dy4rh5vz4w Food and Heat, Freedom and Democracy.
Europe is indeed crazy
@@astronorthwet636 Biden's a pervert too.
Should be renamed to “how Europe thought it had the power to cut off Russian energy only to find out it needed it more than ever” 😂
It will take only 2/3 years and the gas problem will be solved in Europe, it's Russia who shoots it self in the foot and that will last much longer.
There is a book by Christopher Clarke, describing the Way Europe “sleepwalked” into WWI. A very good Way of describing how Europe “sleepwalked” into Energy war with Russia one century after WWI.
Once again, Russia using winter as a counter-weapon😅
Its called general WINTER
Yes, for the very last time.
FT headline Putin has weaponised snow. Snowmen will be sanctioned by the EU.
russia is simply helping the europeans in achieving their goal of getting rid of russian gas
@@stefanstruger9949 they will be doing that in ur dreams
The title should be " How Europe sanctioned themselves and held their citizens hostage "
Had to be done.
You can not rely on energy from a dictatorship that invades other countries to take over.
By our own politicians and the wef.
haha yeah Russia big power cant control usa should stop meddling in others issues.
Not 'held' but 'hold'........!!
100%
Good overview but should be renamed “how Europe messed up its energy strategy falling for magic of cheap” !
German Merkel intentional did so. She is Putin’s dear comrade and big fun. Her communist blood makes her a strong pro Russia and anti America. She is also a strong supporter of Iran nuclear program despite she stopped all nuclear plants in Germany. Iranian intention is very clear. She wants to
@@cookieuae Commersio You can’t really conflate private business with political strategy, as they are two different sets of decision makers with different priorities even is there is an interplay in influence, in the same way that you cannot conflate the EU with NATO.
Certainly, energy providers were at fault (as mentioned in this video) by not considering the long-term reliability of their main supplier, which is a responsible consideration irrespective of whatever business sector you are in when reliant on suppliers.
A troubling point is that Gazprom was underusing gas storage in Europe during 2021 suggesting that further invasion of Ukraine beyond crimea was years in the planning.
@@cookieuae I think you completely misunderstood what I said, to clarify the EU and Nato have two very different functions and two very different perspectives.
Your comment indicates that you have the best grasp on the current conversations happening within the EU. To say that EU looks towards the US strategically is laughable. It would by more accurate to say that the EU and US are economic competitors and that any discussion around strategic planning is cantered within its geopolitical area without consideration of the US.
The EU's 'pullback' (as you term it) is a direct consequence of Russia's invasion of Ukraine. The blame for any breakdown in good faith and goodwill between the EU and Russia fall on Russia with its invasion of Ukrain, particularly as Russia repeated lied about the purpose of its military build-up on the Ukrainian border prior to the invasion.
@@cookieuae no wasnt... fine Poland many years was warning about Russian energy blackmail Germany didn't listen it!
Not just energy, globalisation gave us the magic of cheap and displaced high wages elsewhere. A perfect storm is just on the horizon, we've deindustrialise and de-skilled for the globalists to become filthy rich. Western European national governments and the EU don't work for their citizens and haven't for a long time.
Did he really hold Europe hostage over energy or did European leaders just not hesitate in throwing their own citizens under the bus??
You ban import of your largest supplier and then complain there’s a supply problem.
Yeah, it sounds funny. But I tell you why this happened. Europe does not want a war in Ukraine, but gets gas from Russia, Europe does not want to support the aggressor, so the Europe puts sanctions, Europe doesn't get the gas and that is a big problem for the EU. An the loop is closed and repeated.
This ☝️
Yeah, these people think we are idiots to believe their shallow lies.
Correct.
Eu sanction Russia
What do Europe expect,
An award?
An end to the war in Ukraine, are you so damned stupid that you don't know that.
Russia will eventually lose more
@@reallifehack4790 Russia has alternative markets for its energy (Asia), the EU dont have alternative supplier who could supply at the prices of Russian Pipelines
@@sakasaruuni101 lol....Russia has no good LNG facility...second it has only one pipeline connecting to China...that is it...building these infrastructure take years and with Russia under heavy sanctions, they don't have the technology to build it....there is actually a real story of Russia removing chips from toilet facilities to help in weapon productions 😂
@@sakasaruuni101 , Europe has alternative sources too, like Norway which is increasing it's production and there is Algeria with links and pipes to Europe. Algeria has the 10th-largest reserves of natural gas in the world and is the sixth-largest gas exporter.
And there is LNG.
Some countries depend more some less on natural gas but all are moving away from it anyway.
Changing systems takes some time but there is now no way going back due to Putin.
Also China is moving away from burning for energy and will have more than 20 new nuclear reactors within 10 years.
In Feb 22 Germany cancelled the new Nord Stream 2, which was ready. Why this is not mentioned?
Putin had been offering long gas contracts with cheapest prices for long time. Russia built North stream 2 where gas have already pumped into. But uncle Sam does forbid european citizens use it. To be sovereign that's the thing that EU has lost eventually.
Er, who is holding Russia's $300B hostage?
Can you imagine what people/countries with large reserves are thinking on knowing about that $300B? or can any European politician ask other countries to reduce coal usage knowing what they are doing now
'
And Venezuelan gold too
Or Venezuelan gold reserves stolen by the UK? Who ran around seizing Russian citizen's assets? The rest of the world knows theft by the West commited for hundreds of years. We see and have come to know it as nothing theft and expiration. The world is tired. It cannot continue
@@accountantthe3394 sooner the better
and sovereign reserves of a central bank have actually got immunity under UN mandate, but the collective West, assuming to be "the masters of the world", know no law or jurisdiction and act like bandits..
Russian gas is not just cheap it is priced in euros. Meaning pre-sanctions the ECB could print money without any exchange rate risk to EU-wide energy prices and subsequently inflation. By all means, Europe can substitute for Russian energy but it would have to pay in dollars to the likes of Qatar, Algeria, Australia, Nigeria, USA.
Remember, Russian gas has always supplied East and Central Europe (including East Germany)since the time of the Soviet Union. The dislocation is not a twenty-year dependence, but an 80-year dependency.
These analysts did not see this coming instead they were predicting economic collapse for Russia and boasting of the strong poker hand that the EU had over Russia.
For Europe like the naked emperor, it is a tragedy to be energy naked and refuse to recognize your nakedness, and instead stridently insist others buy into your 'beautiful green clothes' narrative.
The claim that Europe doesn't have LNG terminals is misplaced, the UK has Milford Haven, the Dutch Rotterdam, Lithuania Klaipeda, and the Poles Świnoujście. These are all connected to the European gas pipeline network.
By the way who's the biggest supplier of enriched uranium with a 35% global market share? Russia. By all means, build your new reactors but don't forget to build enrichment facilities.
J A. Your grasp of the impact of printing money is just plain awful. The Euros can't be printed without creating inflation. But if they ARE printed despite inflation they can be exchanged for dollars and used to buy gas. Where did your reasoning fail to lead you to the conclusion that buying gas in Dollars was somehow harder?... or are we just talking 'BOT'?
@@michaeldavison9808 Totally agree with you. There is ALWAYS inflation. Previous QE saw inflation limited to financial and real assets. Now it's leaked out into goods and services. And now the central banks must take notice.
@@michaeldavison9808 You use pejorative terms to talk nonsense. The fact Russia was willing to be paid in Euros excluded the EU from any pass-thru energy price inflation from dollar exchange rate strength. It was akin to the EU having its own domestic energy resource much like the US shale gas. Imagine if the US were to lose all its shale gas and had to import at higher prices; then tell me that it wouldn't affect the strength of the dollar and monetary instruments.
Nominally Russian gas in currency terms did not fall under imports; however, every dollar purchase of energy/goods by the eurozone is an import and counts towards increasing its trade deficit or lowering its trade surplus.
The increased demand in the eurozone for dollar-valued gas increases the demand for dollars vis a vis the euro. The eurozone would be selling euros to buy dollars, weakening the euro.
This consequent weakening of the euro against the dollar is a source of pass-thru inflation. Any increase in money supply to rescue/subsidize weaker eurozone states exacerbates this trend; more currency chasing fewer domestically produced goods as Russian gas is now reclassified in currency terms as an import. This can only be ameliorated by higher interest rates which place an increased burden on heavily indebted EU states.
Russia has subsidized the ECB growth in balance sheet assets (QE ) that facilitated the high credit ratings of economically weak EU states: the ECB has bought sovereign paper to create artificial demand that lowers the bond yields of EU states, and Russia's prior willingness to be paid in euros added to the non-imported goods available in the eurozone, supporting this financial scheme.
I understand you are hostile to Russia but the economics speak for itself, the EU loses not just on energy supply but also on a factor of production that used to be domestically priced, and now counts as an import. That makes the euro weaker, and higher interest rates likely, which in turn increases the possibility of debt defaults.
The reason why Russian gas was so cheap was due to cost effective delivery system and proximity two really important economic issues. Now lost for ever. Russia will begin to reel in approximately two years time when GDP starts to fall and impossible to mask.
80% of Russian gas revenues come from Europe. We are talking about billions.
No matter what, Russia is far more dependent on Europe than vice-versa
While studying PPE at university, some years back, Germany and the wider EU's reliance on Russia was hailed as the neo-liberal principle of 'Interdependence' working. The theory is that if the EU was so heavily integrated with the health of Russia's markets, and Russia was reliant on German engineering and other EU imports, it would prevent any chance of war. War would be inconceivable between two interdependent societies because it would be far too expensive.
Putin chewed up neo-liberal theory and spat it out the window.
Not Putin who chewed it up and vomited. German and the rest of EU chewed and forced by US/NATO to vomit
Where did you attend university?
I drove from Brno to Vienna in June. I saw nothing but hundreds of windmills on either side of the motorway after crossing into Austria. Austria and Germany are proudly anti-nuclear even though it is safe, clean, carbon-free and has nothing to do with nuclear weapons production.
The EU continues to fail to recognize or mention the need to increase the supply of domestic energy production. Hundreds of Billions have been poured into “green energy” which can not power a first-world nation. No amount of solar or wind will be enough to sustain the EU’s energy needs, and the “energy transition “ is a sham.
The EU’s anti nuclear stance will drive the continent into poverty. Nuclear is carbon-free and entirely unrelated to nuclear weapons or proliferation. The Fukushima disaster was from a tsunami occurring at a coastal nuclear plant whose backup power generators were placed below sea level. Fukushima was used as an excuse by the European Green Party lobby to accelerate the decommissioning of nuclear reactors in Germany, and prevent construction of new nuclear plants.
That folly is now being reversed but the EU will experience at least five years of intense economic pain.
@@patrickstarrfish4526 Edinburgh. And I quite agree with you. Nuclear fission, and later fusion is the only means by which Europe can achieve energy self sufficiency in the long term.
All of this comes down to basic common sense. It's one thing to have discussions about not agreeing with something. It's another trying to ruin a country's economy when your own economy is tied to what you need from that country.
Only thing I can come up with to explain this, it seems these governments wanted to ruin their own countries - starve and freeze them to death. But that would be my opinion on this only.
Russia is also suffering from the sanctions placed on it.
EU leaders brought this on their own
I can tell you the EU is following US orders. Cristal clear from here.
Lol, if psycho fascist Pootin didn't want to annihilate Ukrainian people nobody would be in trouble. It is only Putler to blame.
Strike Russia, strike the euro, let Russia and Europe kill each other, the great Anglo Saxon🗽🗽😄😄
You people forget why they pulled all these sanctions??? There’s war in Ukraine.
And now they are complaining WHY
That's why we need clever politicians who can see through the clutter and take the smartest decision possible. I firmly believe that the EU crisis is mainly due to incompetent politicians.
Diplomacy could have solved this and adherence and enforcement of the Minsk agreements
I hate to say it, but Donald Trump saw this coming and for a few years was "begging" the EU to lessen their reliance on Russia. The EU thought he was a fool, and continued on their path. Lesson.... Not all fools are wrong!
To every media NARRATIVE that only exists in the here and now, there is most definitely a beginning, middle, end.
Unfortunately media play on the public only having short term memory without the willingness to do any research for themselves.
Amazing what you find out about a STORY when you dig into it and are able to lay so many more facts and information on it.
I do believe they call it CRITICAL THINKING, something the establishment don’t want you taught in school.
LNG Energy will easily add 6x or 8x to producers or consumer prices.. Companies won’t be able to compete and drain consumers of any disposable income..
This is what my father said shoot on your own foot. You impose sanctions on Russia and expect Russia to fulfill your energy demands ?
They just need to open nord stream 2
That request is ridiculous
@@ZaKrakilla you think only Europe needs gas and only Europe can spend money on gas. Grow up little fellas. This is what happens when your fathers semens are too weak to produce a complete brain on you.
If TOGETHER (EU) we don’t stop Putler from invading Ukraine, your country will be next!
You invade Ukraine and expect anything other than humiliation?
You don't mention the lack of strategic governance by the Tory party. They cancelled the the LNG storage in the UK. They privatised the electricity that now comes from France from their aging nuclear facilities. The UK not implementing their nuclear backbone before shutting down the aging reactors. Too busy making money for themselves to make the right calls on strategy. Also, where are the consultants advised the government now? Let's see them held to account.
In addition, labour created insulation and solar schemes which were cancelled by the Tories. Furthermore, labour approved the construction of nuclear reactors for a backbone to power generation in 2006. Why hasn't even one been completed of the 8 recommended at that date "Mr Blair warned that failing to replace the current ageing plants would fuel global warming, endanger Britain's energy security and represent a dereliction of duty to the country." Governance of a country is not the same as running a business. All these failures we are seeing now are because Tories try to run the country like a business.
Watch again, they did mention it, clearly.
Lukily for Britain the French are building new reactors not only in France but in the UK too.
@@hurri7720 true. Nuclear power plants are more complex than other large-scale power generation plants, and so are more capital-intensive and may take longer to construct. Typically a nuclear power plant will take over five years to construct.
re: consultants advising govt... they're out looking for the next 'hit' (my best guess)
"I can't say anything else otherwise I lose my job" - sanction coalition.
I can't believe that they didn't mention that renewables biggest problem is lack of storing capabilities, looks like a huge miss in this otherwise very good report
I remember Trump telling the German delegates at the U.N that they shouldn't be relying on Russia for their gas and they arrogantly laughed at him. Well, they're not laughing now.
Maybe The Rump not only told Germany, but also his big pal Putin, giving him the idea. Or...
The Rump was in on Putins plans ahead of time, and was hoping to be able to sell US LNG to Europe instead, profeting from THEIR (The Rump and Putin) plan.
And after The Rump, the new US government thought, hey, great plan! We'll put in it action also! $$$
And Trump made the US energy independent. Undone by the present government.
How about the western blood thirsty savages just stop with the imperialism, stop trying to rule of the world, and learn to get on with others?
He was correct on a few things, much to the disgrace of the Liberal minorities.
You act like he wasn't responding to European sanctions. I don't understand why they are complaining, they acted, he reacted. What did they expect?
west: weaponizes their economic power against russia for decades
russia: weaponizes their energy power once
west: pikachu face
😉
Pavel we just would like to see a different Russian President Every election period or at least every two periods. Your people live poorly just do something about it. And West will cease doing your (russian people) job
This article should be called "what happens when journalists are a PR firm for Big Oils recovery from the Covid War through a Russian War" Long live the corporate veil!!!!
One thing forgetten is the upcoming famine in Germany because when farmers don’t have enough gas to run the farm equipment. They’ll have to charge more for the little they can produce
hey, here's a question, how can US hold the whole world hostage by weaponizing dollar? who gave it the right to such? why wasn't it called out for it's sanction bullies? eager for a session on that since you forcefully entered my recommendation despite I "don't show this channel"ed you
CIA propaganda channel
Its a better option than to give it to CCP China, North Korea or ISIS
Not to worry as the Russia-Ukraine conflict has clearly shown the true figures. West =15%, rest of the world = 85%
Cause of the Free Market the same issue that cause Conservatives across Europe got rid of their energy industry control.
Blame the capitalists
Interesting question. All replies sanctioned by UA-cam
Europe took itself as a hostage.
No kidding - the USA loves placing big bets with EU money.
And demanded a ransom!
Centrica wanted the UK Government to bankroll the upgrade and improvement of the storage facility they didn't want to pay for. This wasn't a situation that developed overnight but over years, maybe decades. It's not the taxpayers responsibility to bail out private sector companies. It is Governments responsibility to ensure these companies redirect profit to maintenance and investment in infrastructure ahead of bonuses and shareholder dividends. Otherwise the taxpayer investment must be seen as a form of renationalisation and the profits brought into the Treasury for public spending projects. They can't have it both ways.
Is the FT being funded directly by the British government or do you go through the charade of receiving advertising revenue first?
"How US held Europe hostage over energy" coming next.
this one never gonna happen, even this been the truth
Bots wet dream 🤣
US can only thank Pootin for it...
$$$ is what matters to U.S. producers.
this is not a report is a brainwashing campaing, they want to thell us what to think, it is laughtable how they think everyone is a dumb idiot, Europe is fighting a HOT WAR against Russian while expects to receive Energy, basically all EU countries sends waepons who kills Russian, and what do they think it would happen, using Ukraine as cannon fodder was the dumbest Geopolitical movement ever
Putin didn’t hold anyone hostage. Western Europe rushed into green energy and net zero without understanding such transitions take time. And they levied sanctions on Russia for the war. This is a classic case of careful what you wish for. Let’s see how that mythical green energy keeps Europeans warm this winter.
EU technocrats aren't interested in affordable energy they wanted control over energy. Two entirely different concepts. The Technocrats like Putin are still winning. They still have control over energy even if it is a rapidly declining energy sector. EU Technocrats are little different than USSR technocrats.
Western Europe decided to be subservient to USA and quarrel with Russia. Russia had nothing against Germany, but Germany decided to fight Russia under orders from USA. Germany must pay. That's all.
The Sanctions were designed in 2014 as Victoria Nuland promoted her vision of how to torment Russia until they intervened between the US efforts to overcome Donbas, and reality.
The sanctions were all part of the plan and Biden even mentioned them before the 2020 elections.
The US Policy that began when Victoria began to work at the Department of State, as the Clinton's were occupying the White House. The effort to recruit fromer Soviet Nations in NATO ranks was a costly project and consumed well over $30 trillion.
Now the US is stuck attempting to pay off Treasury Notes that support the Federal Reserve Note as a Reserve Currency that World Trade Values are based on as the exchange of SDR currency is pegged to the value of the US Dollar.
The ability to control World Trade prices by regulating the value of the US Dollar, faces some considerable opposition as the BRICKS Nations seem to offer a competing Reserve Currency.
Asia seems to unite as they ask for fair prices for the Resources they deliver to the Consumer Nations.
WW3 is now commenced, the weapons are Currency......
Completely agree. I'm waiting for the moment when someone mentions all of the coal beneath the ground and how that might serve as an alternative to oil and gas for electricity generation!!!!
@@StonyRC I had a couple license to burn Coal in Boilers, for well over 20 years. I understand how it works, and I can assure you that even someone who could be making money burning coal will agree with Steve Running that it is a bad idea.
Humans should work to preserve the environment for the next seven generations, not do all they can to kill them.
I thought the sanctions were to squeeze Russia, but it turned out to be biting those who imposed it. If Europe does not come back to its senses lift sanctions they will put the entire global economy into recession.
Human lives and territorial integrity are more important than global economy being recession. So Europe has to come to senses to what? Allow Putin to take Ukraine by force, massacre the entire population and declare that there was never such thing as Ukraine? If we allow such an awful thing, then other small countries are also at risk. That's why we have international law, which should be strictly observed.
There is no "way back" for Europe. Russia will never forgive them for supporting nazi regime in Ukraine.
Let's be honest here, it's not Europe who pushed for sanctions. It was the US, who do you think is calling all the shots?
@@otherguylb5629 I bet you said the same thing about Iraq and 6 other countries bombed in the last 2 decades leaving millions dead. You also get oil from Saudi..I dont need to tell you that they bomb Yemen since a couple of years also with massive death toll..But hey, the whole world needs to suffer because some Europeans suddenly values human life and integrity..And talking about international law..How brainwashed are you? West has broken international laws for the last 2 decades..Hence it lead Russia to think that if the West can break the laws so can Russia..
Back to its senses? Of course, Russia should just be able to do whatever it wants.
BTW - knowing, how importand this topic is - what music track is at 6:41 ? ;-).
"Never bite the hand that feeds you"
that goes both ways. Europe has deep pockets and will get over it in a few years. Japan turning on their reactors again will free up alot of LNG, likewise China's economy slowing down
Actually Europe is feeding Russia in broad sense. It's just a gas, anything else is on Europe side, we can wear jackets, 2-7 years and in Russia planes will start to fall down without maintance parts and so on.
@@ebbeb9827 China's economy is not stopping quit watching west propaganda news
@@rootof3vil stop living a fantasy world wake up to reality, Russia will cut off food from EU and there's nothing they can do to stop it
Perhaps Europe will teach them how to make cars, planes and if they're very good, satellites. Perhaps we can also teach them how to make hypersonic missiles
I'd say Putin was always aware of what the EU reaction to his "Special Operation" in Ukraine would be, and he was more than prepared for it. The EU, on the other hand, made this knee-jerk reaction without considering its implications, and subsequently shot themselves in both feet! There's only one side doing any thinking in this contest!
😂👍👍
@@mutatis-mutandis facts
Here in Europe we have been expecting the North Stream block for months... nothing new
The united states intelligence offices.
Europe shot itself in the head
If sanctions are going to remain in force Europe will have to seriously reevaluate the sanctions because alternatives have proven to be very expensive.
The title should be changed to “How Putin fights Europe back using energy.”
I love the format of this video. If only one person was reading form the script a lot more people would notice the propaganda. As you have multiple experts finishing each other's sentences, it makes the propaganda look so much more subtle. Great work, guys.
Who's propaganda is it? Is it pootins?
good observation!!
LOL. True. None of them talk how unqualified European politicians are. People, Rise!!!
@@FahrudinALFatah They have risen. All those protests against Russian oil and gas. Politicians have taken notice!
its been happening since ww1.. they have now perfecred this art
Why FT accused Russia of “weaponizing” gas? When it is EU that does the sanctions to leverage against Russia! Very puzzled by such irrational argument. If one needs help from others, don’t you think EU should be friendly or more accommodative towards R, instead of threatening its existence. Such biasness is intolerable.
We have told Russia we were weaponizing the fossil fuel markets for months... pressuring India, etc to stop buying fossil fuels from Russia
Remember this press conference? ua-cam.com/video/njLeqiKXcUg/v-deo.html
Who is threatening Russian existence? I think Russia is threatening Ukrainian existence.
Those sanctions are against EUropean people, not Russians and Putin. All is going well according to plan of WEF and Schwab.
Europe does what US wants.
@@thx1138sixnine India will do what it needs for its citizens. Europe's problems are not India's problems. Europe only looks out for itself so if you wanted the war with your NATO nonsense you can deal with it. Meanwhile Russia has been a staunch ally of India and India will stick with Russia. So go cry to the EU or something.
The conversation in Europe should be how bad the Ukrainian government was and is. Why 14000 killed in Ukraine does not matter. Why does shutting down all political parties does not matter. Why does speaking another language and being targeted for that does not matter and so on.
Well it is Russian gas and its to keep !
Also who knew that advancing military bases towards Russia for the past 30 years would turn them unfriendly ? 🤨
The title should read, "How Europe tried to hold Russia hostage but it backfired!"
russia held itself hostage to be fair haha
@@patrickbalkany7989 lol 😂 how wat u smoking
@@joachimndahne5710 like idk if you follow the news n all but russia kinda started a massive war, just lettin u know
@@patrickbalkany7989 SO did the USA very often and is now the Leading Country in the World.
@@CuriousConnoisseurs Was the leading country in the world, and now taking the foolish Europeans who can't seem to wipe their backsides without asking Uncle Sam's permission, down the tube with them
"Apocalypse", in Greek, means "without cover", or "uncovering." An apocalypse, technically, isn't a decent into something bad, but just an acceptance what's actually always been true. Energy prices "skyrocketing" in Europe isn't actually energy getting more expensive. It's actually just Europe finally facing the reality that had always been there. The problem isn't that energy has become expensive. The problem is that it was so cheap for so long. Now is just the consequence of years of delusion.
Exactly.
They chose cheaper unstable supplier over more expensive reliable suppliers.
language evolves, decimate no longer means 1out of ten
@@Crashed131963 there is nothing like reliable and unreliable in this case, even those you think are reliable bcoz you agree with each other. Bear in mind, if you disagree with them (the reliable partners) too, the are able to do same perhaps worse than what Russia did. The lesson here is, don't bite the hands that feeds you. Period!
FT should be humble enough to admit that the collective West sanctions against Russia BOOMERANGED !
The EU is a victim of a very very stupid acts by its foolish and unintelligent leaderships when always following blindly what the degenerative US dictates it.
Lets face the facts: there are other markets for Russian gas and fuel and more reliable trading partners. The arrogance of the EU is now having its payback, it is now is facing the biggest economic and industrial crisis ever.
@@zainiabdullah621 i think to put all eggs in one basket is clearly foolish. I dont think sanctions bad. I think the over dependance on russian for energy just dumb.
This mean, we have to change our dependency from Google and USA companies in the sector of the technology? Because we are dependent of them?
I don't think building a pipeline for $5B and then have America tell Europe they can't benefit from it is holding anyone to ransom ffs
I mean we use financial pressure to try to get Putin to do what we want, we never thought Putin would use energy to get us to do what he wants. How could he do this to us?
I've watched this video AgAiN, for the First time.. The only thing I see here is a bunch of Stupid Millennials that don't know to apologize for putting their Mouth into Gear before they engage their Brains.. Common ... Just say I'm SORRY, to Putin.
LoL 😂
Putin outmaneuvered the Europeans at every turn.
Don't be stupid.
@@thomasjefferson6
No, it's not that. What really happened is the US got two birds with one stone.
Amazing . There’s no mention of the USRepublic’s involvement in the crisis ………….. no journalist dares to even mention the name .
“Nobody had the foresight to see that Putin would weaponize gas” But surely the UK government should’ve made it their priority to ensure privatized utilities had not put their gas eggs all in one basket? I’m sure they did, but if they’re anything like American politicians , who’s going to object?
This sort of negligence happens when politicians are invested in the private utility companies up to their eyeballs and could care less where their profits come from, and even less about doing a competent job for their constituency. It’s extremely shortsighted for the well-being of the country, but personally lucrative, even in the short run., for those involved.
This is a story about how countries are considered more developed at a time when they get all the resources at a lower price than others. In Russia, this is called "with disabilities", and in Europe and the United States "with increased needs."
If we weaponize finance, trade and much more, then do we really expect that there will be no retaliation by Russia weaponizing energy?
A clear case of the the pot calling the kettle black!!!🤣🤣🤣
U.S & E.U politician narrative about "putin's price hike", DOESN'T work for Westerner themself 🤣🤣
Bcause: THOUSANDS europeans took to the street and blame their own STUPID goverment for this "putin's price hike" 🤣
“Basically, Washington doesn’t care if Russia wins the war [in Ukraine], because the US has succeeded in eliminating its competition in Europe, especially Germany.” No gas, does not help Russia or Europe. It help U.S. FT ignores the sanction it impose by Europe it self not Russia or Putin.
The US has succeeded in destroying China's plan to connect Eurasia economic integration through One Belt One Road project. Imagine an economic integration that connect Southeast Asia, East Asia, Central Asia, South Asia, Russia and Europe all the way to Africa. The US who is not in Eurasia will not have a stake in this future center of global economy. The US hegemony is never threatened like this since the end of WW2. Now one of the most important pieces, Russia is at conflict with Europe, this practically cut off the knots. Even better, EU economy is heading into abyss, that is like getting rid several of your competitors at the same time. Unfortunately, EU politicians, defense establishment and media who have been bought by the US, have sold the interest of their nations to the US.
Without usa europe would be feedd from behing from russia so shut up
lol @ all the Putinbots. You should make it less obvious if you want anyone to believe you aren't a kremlin shill. The CIA is behind it all shtick is old.
El, agreed with you 100%. The US NATO and Arm corp.are the winners not EU....
Yep. That's was a plan B.
It's because Europe has been closing fossil fuel plants and nuclear power plants left and right without actually investing in alternative forms of energy, which by the way would require a massive investment because these forms of energy aren't nearly as efficient. It's just nonsensical goverment policy. Many people are in support of bringing back nuclear energy as it's very efficient and green and not as risky as it used to be.
That is a funny statement. Europe puts in place the harshest economic sanctions ever, against Russia, but, according to the headline, it is Russia who is holding Europe hostage. Imagine a group kidnaps a person for ransom. What you are saying is that the kidnapped person is holding the original kidnappers hostage, because they have to watch over such person.
You can't have both.
You cannot have cheap energy supply from Russia and then threaten the Russians with a military build up and movement of NATO troops towards the Russian boarders.
I believe Russia went to war first to show the west how powerful they were, now we know how weak they are.
US investors using NATO as a Marketing tool, and Sanctions in the same manner as JD Rockefeller once dominated oil markets, seems to display a level of ethics not seen since Hitler attempted to take Caspian Oil.
Pretty sure Russia is the aggressor here
@@nathanyoder6517 You seem to overlook NATO actions on March 16, 2021?
The NATO activity that was supposed to perform som form of low rent Operation Barbarossa?
Are you overlooking deployment of 82nd Airborn Troops to Wassaw, before Russia made any move across the Ukraine Border?
Do you casually dismiss the actions that Kyiv addressed on the Citizens of Donets'k for 8 years, as they shot off $5 billion worth of US Taxpayer weapons?
Where have you been since a couple years ago?
Shall we consider the construction of Nordstream 1+2?
Will we ignore the fact that the US Providers were incapable of more that 20% of fuel market share?
The Aggressor seemed to be losing economic ground with a $30 trillion debt that was becoming due.
When we consider the US weaponizing LNG as they used Sanctions that were promised before the 2020 elections, it appears pretty clear that the US had Motivation as well as Military advantage in the area to be an Aggressor?
Can you grant me that it is possible, when considering the circumstances?
@@danielhutchinson6604 When the Russian people are allowed to hear the truth then we might listen to you?
Sanctions have consequences like "backfiring" on those who imposed the sanctions a.k.s. KARMA.
wtf karma, russia declared illlegitimate war and sanctions are way to stop the war, russia is weaponising the gas and oil this is not karma
Uno reverse card
@@g4m3r222 Minsk agreements
@@MegaVero23 minsk agreements were bad i think
It doesn't matter if you think they were bad. What matters is Ukraine, France and Germany agreed to implement them.
Last I checked stealing a country's foreign reserves and holding their currency hostage is a form of economic warfare. Imposing sanctions on a nation and refusing to conduct business with that nation is also a form of warfare. Russia isn't refusing to conduct business, but Russia is refusing to give away their resources for free. Refusing to be trampled on can hardly be construed as conducting warfare.
👌
And the sanctions have not slowed the war either, in fact it's actually being escalated. Europe could ease their inflation problems by lifting the sanctions and try some diplomatic pressure. But it appears that corporate interests have no appetite for a ceasefire or peace negotiations while there is a fortune to be made from blaming a war for massive price increases.
It is the anglosaxon inspired embargo that triggered the current situation but FT thinks the other way around. Do not underestimate our intelligenece gentlemen.....
USA threatening Germany with Congress rule of law sanctions if Germany uses north stream 2, still stands, so who is causing the fuel problem and prices. USA
It is always like that
its hard being a vassal.. Germany is an occupied country.
Listen, Germany can do WHATEVER they like. They should’ve listened to the USA, their partners, who’ve allowed them free and peaceful naval trade, not a short man in Russia.
Now they’ve come around? 😂
Don’t blame the USA. The EU politicians should take responsibility for their pathetic actions.
@@FidelCastro404 exactly
It's true. Germany and also France
This just goes to show you that the all knowing hand of the market sometimes clashes with geopolitics. All the decisions Europe made were correct capitalist decisions, but capitalism doesn't take into account future geopolitics changes.
I see the opposite as true. Geopolitical decisions interfered with the all knowing hand of the market and now that has sabotaged the geopolitical well being of Europe.
There is plenty of poor government decisions involved in this too. Gerhard Schroeder and the building of Nordstream 1. Merkel’s decision to close down nuclear power plants early. Over reliance on solar and wind in a region where it is not very reliable or productive, other than wind off UK and Denmark.
You never trust a reformed communist. Perhaps the green party can start a bicycle generator plant to power Europe.
Absolutely agree
Sanctions are never legitimate, and now we get to see what we have done.
very accurate title once you swap out "Putin" with the "United States"
9:41 that was a Ukrainian AA missile failing and hitting a residential building in Kiev, btw.
NATO knew what would happen if they pushed Russia too far, but did it anyway. Our leaders in Europe knew what would happen if they imposed sanctions on Russia, but did it anyway. They know what will happen trying to achieve net zero, but are trying to achieve it anyway.
It's almost like they've always wanted things to turn out this way.
Completely skip the part where Russia starts a full invasion on a country with 44 million people and the size of France. Obviously, this is all the wests fault. Russia has never done anything wrong, if only the west didnt bully those poor Russians who are just trying to make a living and never bother anyone around them.
NATO has not choice but to obey every world Uncle Sam says
The only people who wanted it more were the CIA and the Biden administration
Let’s ignore the fact that Russia invaded their neighbors who rejected them and are seeing fierce resistance. 🤡
The USA taking advantage of the situation to bog Russia down is natural. Russia would do the same. Don’t cry about “nato knew what it was forcing russia to do”. Don’t be a child and make excuses. Don’t cry about it.
I’d say putin should cut his losses and end the invasion. He got played. Lost.
You’re damn right. They don’t care about the people- they have got their own agenda in mind and they’re the only ones that understand that. Or, probably, they’re just stu-pid 🤷🏼♀️
tut tut tut .. either the FT has become a comedy show or the FT is in a race to the bottom of journalistic quality...
No mention of EU/Germany refusing to approve Nord Stream II, a pipeline they contracted Gazprom to build.... first strike weaponisation much.
No mention that 'orange hair burger eating guy' in the US told the EU directly they were too reliant on Russian Gas and they literally laughed at him.
No mention that 'the suppossed putin puppet' in the WH put sanctions on Nord Stream II investors to deter their efforts to leverage the EU, the EU ignored those effots and sleepy Joe removed those same sanctions.
No mention that 'small hands guy' in the US invested ''bigly' in LNG terminal & infrastructure in the 4 years he was in office and US is reaping those rewards.
Theres so many elephants in the room in this video it should be in the wildife section.
No doubt PhDs abound amongst the contributors, and all are working part time on further theses to add more lettters and qualifications to a meteroic FT career already strewn with failure. Oh fail upwards ye bards of the might pen.
The video is pure propaganda!
Exactly!! They are just talking from their arses.
journalism and Academics has become so left wing liberal in thinking that even Financial Journalism is effected and no one can think straight. Of course they will never say "Trump Was Right" and there is also a consistent anti German Bias (hence really inaccurate stories) so no mention of cancelling Nordstream II. Lets also remember US Tariffs on European Trucks prevent Europeans from buying the more expensive American LNG.
When you live life is a singular world view it’s quite a sad world. Those I’m sure they aren’t aware
Straight to the point bro 😂
The American energy crisis ended the new deal in the US. This crisis will end it in Europe. Sad.
The borrower is always slave to the lender, but this is a little different. But still, being dependent is not easy
The drug-dealer and addict analogy is more apropos.
Borrower lender are atleaste connected with a transaction. But why become slave of a distant unrelated Warmonger across great ocean..
Imagine the hubris of thinking you can tell a country what currency they have to sell their gas in and how much they have to sell it for after declaring defacto war against them militarily and economically and being shocked when they just say no we'll sell it to someone else.
This! The hypocrisy is just staggering.
Women do run Europe.
it's called a contract, genius, you agree on terms such as the currency in use.
@@mintberrycrunch6657 it's also called, you tried to crash the ruble, and stole 300billion in foreign reserves... gas will only continue on new terms.
My father used to say "Common sense is not common"
Importing LNG through ships is a lot more expensive and has a much larger carbon footprint than sending liquified natural gas from Russia to Europe through pipes.
We’re beyond that point. Go ask China and India to stop their accelerating coal burning.
Who cares? Buying from the Nazis also probably made sense. Security is more important than climate change.
I dont think Russia wastes its resources on wind turbines .It doesn't care about carbon footprints either. Britain and the EU have weakened their energy grids by building intermittent renewables which only work with gas fired power stations .They made a mistake in shutting down coal fired power stations
Gas from Russia is not liquified, but Russia is intentionally cutting off gas supply to Europe. They're not exactly a rational seller, but it's their choice.
Gas is fungible, so China should ask Russia for more gas otherwise China will have to compete with Europe for LNG and pay more
The EU continues to fail to recognize or mention the need to increase the supply of domestic energy production. Hundreds of Billions have been poured into “green energy” which can not power a first-world nation. No amount of solar or wind will be enough to sustain the EU’s energy needs, and the “energy transition “ is a sham.
The EU’s anti nuclear stance will drive the continent into poverty. Nuclear is carbon-free and entirely unrelated to nuclear weapons or proliferation. The Fukushima disaster was from a tsunami occurring at a coastal nuclear plant whose backup power generators were placed below sea level. Fukushima was used as an excuse by the European Green Party lobby to accelerate the decommissioning of nuclear reactors in Germany, and prevent construction of new nuclear plants.
That folly is now being reversed but the EU will experience at least five years of intense economic pain.
It works because we voluntarily cut us off from the Venezuela the country with the largest oil reserves in the world and Iran. The person who cut is off from both countries thought he was going to drive up the price of American oil.
I hear it would be cheaper to completely use non-carbon energy sources now...
When I was at uni in 2002 professors were talking about not relying on Russian energy. Its was kind of obvious it was a risky route. I can't believe we didn't have a back up plan. What are the leaders doing to not plan for that
This whole thing started unnecessarily in 2014 when America instigated and then backed an illegal coup in Ukraine that overthrew a pro-Russian govt. Do you remember US Senators like John McCain & Joe Lieberman making appearances in Kiev in 2014 ??? Did you hear the tape of US State Dept official Victoria Nuland making the decision with the US Ambassador in Kiev about who was gong to be the next (pro-American) Ukrainian leader ??? This so-called European "energy crisis" is a direct result of America (once again) sticking its nose where it doesn't belong.
NATO & the EU have been pushing closer to the Russian border since the USSR fell circa 1990. It is obvious now that they wanted to weaken and then destroy Russia since then. Putin warned the West at the Munich Security Conference in 2008 and at other times to back off making Eastern European nations members of NATO but they ignored him and that led to an existential threat to Russia by having NATO militarize Ukraine after 2014. On Feb-24, Putin reached his breaking point and invaded Ukraine. What else could he do ???
In any case, Europe was STUPID to become so dependent on Russian energy at the same time that it was plotting Russia's demise. Only a 100% MORON would get into bed economically with their supposed worst enemy. Even a child would be smarter than than to do business with his schoolyard enemy, yet the BOZOS in Europe did exactly that.
"The Capitalists will sell us the rope to hang them with !!!" Vladimir Lenin once said, and Mr Putin's strategy in the last 20 years to get Europe dependent on cheap Russian energy is exactly what Lenin was talking about. I hope that millions of Europeans freeze to death this winter because that is the Bad Karma that Raw Capitalist GREED has earned them.
It was always the plan of self sabotage. The EU and NATO did it on purpose. The world is a stage
It's called blowing billions on wind and solar, despite it never making any economic sense.
Well, it doesn't quite help sending heavy armament to Russia's enemy
@@Brandespada Not sure what you just said. Who is Russia's enemy, India, China, don't understand.
When you find yourself in a hole, stop digging. Europe seems to not understand this. Their ego is hurt. All those energy alternatives will cost more. Let's see those economies "thrive" now.
30 euros more on energy bills isent an issue, im sure the russians have it alot worse.
Thrive like the Russian economy 🤡🤡🤡🤡🤡🤡🤡🤡🤡
The Russian gas alternative is much more expensive
@@thuankhong the economy doesn't care about feelings. Its all about money in and money out.
I guess i'm dependent on that milk producer I buy milk from, because it is cheaper then others...Since when buying cheaper product on the market is called being dependent?
The EU has been short sighted when dealing with wanting to penalise Russia but has received a backlash it cannot deal with, so will have to re-evaluate its sanctions against Russia.
I like how modestly the "FT" kept silent that the UK never liked that Germany has a lot of cheap Russian gas. Ah, this British restraint)
The British have huge inferiority complex towards the Germans and French
Putin played his cards well he is smarter than the Europeans 😂😂😂😂
He makes the Lada and the T70. Enough said.
@@bazzalazza429 do they get the job done the answer is yes they do
He clearly learned from 2014. He went in this time prepared for the long haul.
I can tell you the EU is following US orders. Cristal clear from here. But it's Europe's responsibility to be doing so.
@@joachimndahne5710 No they're shite and that calls into question your brain power.
Pls don’t forget the new gas pipeline from Norway to Poland thru Denmark. AP has even suggested That the explosions on Nord Streams are connected to the inaugurationen of this alternative gas supplement to Northern Europe.
To me, you cannot simply resume the situation on a macro level in Europe. Each country has a very specific situation aligned with its energy-mix. For instance, France is largely less impacted by Russians actions than Germany… it is a really good way to get lessons for the futur regarding which energy-mix is to be adopted !
well, this is what i call a Successful Sanction...
and its not even winter yet...
Those dumb things are not sanctions, they are a self inflicted energy embargo lol
Headline should be :
How Europe Sanctioned Russia Energy And Blame Putin For its Energy Crisis.
Fixed it for you: How Europe Sanctioned Russia which is Using its Money to Wage a Bloody War Against a Sovereign State
Love it!
Just perfect!
Or how America did get his war with Russia 30 years later after the cold war ended
That would ruin their agenda lol
None of the interviewed 'experts' could foresee that it wouldn't be thaaat bad? That the solutions being implemented were actually effective.
The strategy of Putin .
The art of war..
Glad to see people in comments not being manipulated by mainstrem media.
Well, who weaponized gas. Europe chose to be reliant and chose sanctions on it.
EU never chose to be reliant. They simply took advantage of cheap Russia gas (most EU countries, including Germany, bought and many still do buy gas at 1/5 of the market price), thanks to which they became competitive in many markets against China and India. It's worth noting that India surpassed Britain and became the world's 5th biggest economy just about 10 days ago, at the beginning of September.
@@canertas3800 But taking advantage of cheap oil is choosing to be reliant. Not all of the EU did this. But several countries, such as Germany, have had several warnings about it in the past. Donald Trump, afterall, was laughed at when he tried to warn Europe. Before sanctioning,, it is fair to say, not much forethought was put into viable alternatives that make sense. The countersanctions or blowback is really hurting EU industry and the people far more than the ineffective EU politicians and Putin.
@@canertas3800 that's choosing to be reliant.... Rofl.
@@dnotleythere they don't want to live in reality, so admitting that Donald Trump was right will never happen
@@Tential1 yeah, Trump was literally saying buy it from the US for more money.
Why do they keep saying "cheap" oil and gas. Its not cheap. These young pie in the sky young people are indirectly setting up the fallacy that the "normal" price of energy
is that coming from expensive inefficient and undependable renewables..which are quite the polluters as well when you look around the edges.
The answer is obvious: super-insulate homes, geothermal, solar and power walls. Hempcrete cladding, green roofs and walls, wind and wave energy. Solar is decreasing in cost every year while output increases. Bio waste can create methane. Use less energy with the Dutch smart-signalling system for bikes, build bikeways, elevated and tunnels, anything to keep then separate from traffic and to make trips more efficient = less energy use, happier and healthier citizens able to also avoid future virus pandemics. AND permaculture across the land to capture rain while raising aquifers and preventing flooding, helping nature and alternative agriculture.
From the beginning many of us knew EU pretentious and righteous views is a load of hot air, now we see the true face they're not such a saint after all.
Just a lot of bureaucracy, a front for the public, and lined pockets high up, not too dissimilar to our comrades in the east...
The EU/NATO/US are trying to force Russia and China into the NWO. That is what this is about. One world government. Russia and China are not having any part of it. Europe was dumb enough to create the EU which gave the US control. It is easier to control 1 mass government than 20 individuals. Now, look how that has completely destroyed Europe.
All governments are criminal organizations - some are better at wearing moral camouflage.
If you are going to fight an enemy. Ensure you are not tied to the enemy or depend on the enemy for anything. (never bite the hand that feed ya)
At last mainstream media reports facts
Very disappointed with the Financial Time, we want to know the reason of Putin’s reaction..why the attack on Ucraina? Explain the reasons why