The new German Minister of Economics (Green Party Robert Habeck) came out yesterday (Friday) and said in a blunt statement....if Russia goes into a Ukraine invasion situation.....the federal government will step up and knock off the opening of the natural gas pipeline (Nord Stream II).
So the consequence likely coming? At some point in January, I kinda expect the military situation to develop (call it a half-ass 'walk' of the Russians into a small area on the eastern coastal area of the Ukraine). Germany will do the no-approval for Nord Stream II, and then you start to hear of lessening gas flow from the 1970s pipeline into Germany.
Winter shortage of natural gas? In a matter of just two to three weeks....whatever they have for back-up.....will be used up. The alternate piplelines....from the North Sea area will be surged up, but there will be a mini-crisis to develop and the Green Party will get a fair amount of blame.
It's a scary scenario, and if you asked most Germans about their own natural gas.....they can tell you what they typically use, but they have no real idea about where it came from.
Wishing for an early spring? Well.....it might be something to wish upon.
4 comments:
What does the Bauernkalender say for your winter weather?
Toward 24th of December....some snow but just below freezing. So far, no one saying anything other than average January. The Siberian 'freeze' weather (like 2010) hasn't been predicted so far.
I remember a time, when a friendly country put sanctions on an unfriendly country it hurt THAT country instead of affecting the sanctioning country's own citizens.
Silly and unproductive.
Procon: Maybe it was that way in the old days. But back toward 2012-to-2018...the EU and the US engaged in all this sanction stuff with Russia, and Russia eventually wised-up. They still traded with China but lessened everything else from the US/EU. Russians eventually reached a point where the no-trade gimmick was ineffective. Add in the fact....natural gas was still bought by the Germans and no one wanted to worry or curtail that (Trump warned them).
So this invasion chatter and sanction threat? No one wants to really go to the next level required...militarily push back Russia.
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