The European Union is bracing for another potential energy crisis in the dead of winter as Russian gas supplies to some member states have suddenly dwindled by up to 30 percent.Meanwhile, I just posted, just moments ago, while the EU is bracing for this newest potential energy crisis (didn't they go through this last year, also?), the US has such a glut of energy, the president can kill a huge pipeline that would have brought Canadian oil to US refineries and Gulf coast terminals. In the mind of faux environmentalists it makes more sense to burn that excess diesel in thousands of trucks and Buffett trains transporting that oil. The US is truly blessed to be such a resource-rich republic. The Chinese must think we're nuts. I know the freezing Europeans do.
The European Commission put its gas coordination committee on alert Friday, but insisted the situation had not yet reached an emergency level as nations have pledged to help each other if needed and storage facilities have been upgraded.
Commission spokeswoman Marlene Holzner said Russia was going through an extremely cold spell and needed more gas to keep its citizens warm.
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Friday, February 3, 2012
EU Bracing For Another Potential Energy Crisis -- AP -- Due To Global Warming in Russia
Link here.
the crisis in the past was always caused by the russians complaining they were sell in NG to cheap, so they would close the valve and reduce the flow of NG to western Europe..Low and Behold as soon as the price was raised to a exceptable russian level the flow returned to full tilt.. the mircle of capitalism in a socialistic state..
ReplyDeletei have not yet researched this event , but i am confident the conditions are similar to the past.
You probably won't have to research it.
DeleteEarly next week, there will be a story on CNBC that the EU is prepared to pay double, even triple the going rate for natural gas.
Then, later next week, there will be a story that the weather crisis has eased, and that Russia is able to supply all the natural gas Europe needs.