- Jan 23, 2021
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"Russia said it would further reduce natural-gas supplies to Europe this week, lobbing another volley in its economic war with the West and raising new questions about Europe’s ability to avoid shutting down factories and leaving homes cold this winter.
Russian state-owned energy producer Gazprom PJSC said gas exports through the vital Nord Stream pipeline to Germany would drop to about a fifth of the pipe’s capacity, blaming sanctions-related problems with turbines that have already reduced flows. The fresh reduction in the pipeline’s capacity—from 40% currently to 20%—is expected to take effect Wednesday, Gazprom said."
This is what happens when you let an idiot like Biden "lead" the morons in Europe.
"The planned reduction complicates Europe’s efforts to fill up its gas storage ahead of winter. Without enough gas in the higher-demand months, governments say they are likely to ration energy and the continent’s fragile economy could sink into recession. Germany’s federal energy regulator has said that the country would struggle to reach its storage goals with Nord Stream flows capped at 40%. Reaching them at 20% is an even taller order.
Berlin has drawn up plans to dole out gas to consumers, hospitals and other critical sectors while potentially leaving industry short of supplies. For many companies in sectors reliant on gas, such as the chemical industry, rationing would mean halting production altogether, risking job cuts and upending supply chains around the globe."
This is the kind of thing countries go to war over.
www.wsj.com
Meanwhile, in the middle of record inflation, the US has now spent over $50B on Ukraine to no effect other than prolonging the inevitable. And Biden said he will support our allies for as long as it takes, so that spigot is not turning off anytime soon.
Russian state-owned energy producer Gazprom PJSC said gas exports through the vital Nord Stream pipeline to Germany would drop to about a fifth of the pipe’s capacity, blaming sanctions-related problems with turbines that have already reduced flows. The fresh reduction in the pipeline’s capacity—from 40% currently to 20%—is expected to take effect Wednesday, Gazprom said."
This is what happens when you let an idiot like Biden "lead" the morons in Europe.
"The planned reduction complicates Europe’s efforts to fill up its gas storage ahead of winter. Without enough gas in the higher-demand months, governments say they are likely to ration energy and the continent’s fragile economy could sink into recession. Germany’s federal energy regulator has said that the country would struggle to reach its storage goals with Nord Stream flows capped at 40%. Reaching them at 20% is an even taller order.
Berlin has drawn up plans to dole out gas to consumers, hospitals and other critical sectors while potentially leaving industry short of supplies. For many companies in sectors reliant on gas, such as the chemical industry, rationing would mean halting production altogether, risking job cuts and upending supply chains around the globe."
This is the kind of thing countries go to war over.
Russia to Cut Europe’s Gas Flow via Nord Stream to 20%
The move raises new questions about Europe’s ability to sock away enough gas for the winter.
www.wsj.com
Meanwhile, in the middle of record inflation, the US has now spent over $50B on Ukraine to no effect other than prolonging the inevitable. And Biden said he will support our allies for as long as it takes, so that spigot is not turning off anytime soon.
