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Europe scrambles to find sources of energy

theHawk

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President Trump tried to warn them, and they laughed at him.

Now they are scrambling to fire up those old coal burning generation sites for power.




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shockedcanadian

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President Trump tried to warn them, and they laughed at him.

Now they are scrambling to fire up those old coal burning generation sites for power.




View attachment 662760

As we say in poker they were betting the pot in the face of "reverse implied odds", gaslit themselves (no pun intended), suffered from Fancy Play Syndrome that dragged their population into the fray.

All to make a political point to their citizens and those in other nations, but like too many in the world, they lacked the critical thinking to question their own position, which was deficient in common sense.

They believed that sending a message to Trump and attempting to undermine any criticism he had of unfair globalization was the smart move in the name of principle and their own prosperity, logic ad national security of their own population be damned.

It seems to be a common malady of many governments around the world. America has to keep calling it out as they see it, in public and even more aggressively in private, especially with allies.

Canada could use a stern lecture or two about our police state just as Germany was the recipient of one in regards to their energy reliance.

It seems at least Germany is learning. More studious than the governments at all levels in Canada...
 

ESay

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Europe has been relying on Russian energy sectors too much. That is somewhat understandable given easy access to this market (through mutual projects), easy ways of shipping, and Russian lobbying in Europe (Shroeder being a prime example).

Now, Russia is redirecting its flows to China and India (which has increased three-fold its imports from Russia since the beginning of the year), offering up to 30% off of a basic price.

Naturally, Europe seems to increase its imports from the Middle East and maybe Libya. There was reports that some talks were with Venezuela.

Overall, it is considered that through September the supply and demand will be balanced and the price will decrease by 10%.
 

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