Weather

Green revolution? No Sanctions Plans on Russia’s Energy – Sharp Down With That?


Guest essay by Eric Worrall

Self-destructive Western climate policies have left major nations, including the US, helplessly dependent on Russian energy and unable to impose a single crippling sanctions Putin’s Wehrmacht Finance.

Anger erupts in Germany, Italy and Hungary over Europe’s failure to cut Russia off from the SWIFT payment network

VIA DAVID MEYER

February 25, 2022 9:22 PM GMT + 10

As Russian troops move into Kyiv and the European Union prepares to sign new sanctions against Russia for its aggression in Ukraine, there will be widespread outrage against countries that are blocking the sanctions. heaviest potential.

German Chancellor Olaf Scholz speak Fifth that Russia should not yet cut off from the global payment system SWIFT, because it is “important” to maintain such drastic measures “in situations where it may be necessary”. Italy too report opposed the measure in order to maintain some leverage over Russia’s authoritarian president, Vladimir Putin.

Both Germany and Italy rely heavily on Russian natural gas, which will be difficult to pay if Russia is indeed cut off from SWIFT; Austria has the same dilemma, and taking a similar approach. All three countries have other extensive business ties with Russia, with Italian and Austrian banks now being heavily exposed. French banks also do a lot of business in Russia, and France has declare SWIFT cut-off point to be a “last resort”.

And then there is Hungary, whose far-right leader Viktor Orbán has long enjoyed friendly relations with fellow culture warriors Putin. Like President Miloš Zeman of the neighboring Czech Republic, Orbán seems to have changed his mind over the past few days, condemn Russia invaded and declared itself to be with Ukraine. However, he has not yet followed Zeman in calling for the selection of SWIFT, which the Czech leader speak is “necessary to isolate a madman.”

Read more: https://uckyne.com/2022/02/25/ukraine-anger-sanctions-germany-italy-hungary-europe-eu-failure-cut-russia-swift-payment-network/

It doesn’t have to be this way. European countries have access to more than enough fragile hydrocarbons to supply their own needs. But pressure from green groups and a weak, innumerable political class has undermined the development of true energy independence in Europe.

Fracking: The UK’s only shale gas wells are sealed and abandoned

Published February 10th

The UK’s only two shale gas wells will be abandoned after industry regulators ordered them to be sealed.

Lancashire wells have not been used since 2019 after test drilling suspended due to earth quake and the government Stop shale gas exploration in UK.

The Oil and Gas Authority (OGA) has ordered that they are now plugged in with concrete.

The site’s owner, the energy company Cuadrilla, said the decision was “absurd” in light of the gas prices rise.

Cuadrilla CEO Francis Egan said the OGA order “had not been thought through” amid the “energy crisis”.

“It will be very expensive and very difficult to correct this mistake,” he said.

“What is more ironic is that leaving our own shale gas in the ground would make it harder to reduce global emissions.

“Shale gas from the North of England has the potential to meet the UK’s energy needs for decades to come, but ministers have chosen now, at the height of the energy crisis, to bring them I get to this point.”

However, the Prime Minister’s official spokesman said shale gas from the fracturing process “is not a short-term fix” and “has not yet proven to be a resource in the UK”.

Read more: https://www.bbc.com/news/uk-england-lancashire-60341226

France has a degree of energy independence, thanks to 1970s national security initiative to replace fossil fuels with affordable nuclear power. France has reduced prices by mass-producing standardized components and implementing a national security-mandated predictable planning process.

I’m not a fan of French President Macron, who tried Attack President Trump and despise Americabut it should be said that France’s energy policy is an island of sobriety amid the catastrophe of Russia’s gas dependence in Europe.

Macron outlines plan for nuclear renaissance in France

February 11, 2022

President Emmanuel Macron said France will build six new nuclear power reactors, consider building eight more and promote the development of small modular reactors.

Speaking at the GE Steam Power production site in Belfort in eastern France on Thursday, Macron, who is facing presidential elections in April, said the main goal of the new policy is to reduce spending energy consumption of the country while increasing carbon-free energy production capacity.

In the coming decades, he said, France must produce more carbon-free electricity, because even if energy consumption were reduced by 40%, oil and gas extraction within 30 years would mean that water This will partially replace fossil fuel consumption with electricity. . As a result, the country must be able to produce up to 60% more electricity than it currently does.

“The key to producing this kind of electricity in the most carbon-free, safest and most sovereign way is to have a plural strategy… to develop both renewable energy and nuclear power,” Macron declared. Father.

Read more: https://world-nuclear-news.org/Articles/Macron-announces-French-nuclear-renaissance

America is not far behind Europe when it comes to energy dependence on hostile powers. Biden’s attacks on Keystone and fossil fuel leases have left the US economy completely vulnerable to swings in global energy prices. The United States’ dependence on imports gives President Putin a significant leverage over U.S. gasoline prices. Through his influence on American gasoline prices, Putin leveraged the political fortunes of the Democratic Party of America.

In my opinion, it was no accident that Putin happened during an election year in the US, during a time when Democrats were desperate to keep gasoline prices under control.

Oil stable as US considers no possibility of sanctions on Russian exports

Via Laura Sanicola

Oil prices rose on Tuesday on concerns that Western sanctions against Russia, after it sent troops into two breakaway regions in eastern Ukraine, could affect energy supplies. .

Sanctions imposed by the United States, European Union, UK, Australia, Canada and Japan focus on Russian banks and elites, while Germany stops certifying gas pipelines from Russia .

But the United States has made it clear that the agreed sanctions and those that may be imposed will not target oil and gas flows. read more

Administration officials told Reuters. read more

Read more: https://www.reuters.com/business/energy/oil-pulls-back-view-western-sanctions-russia-wont-choke-supply-2022-02-23/

The only people who did anything to hinder Russia’s advance were the Ukrainians themselves, who, thanks to their bravery, and President Zalenskyy’s last-minute decision to open up the national arsenals and distribute guns and other weapons to anyone who wants to fightlooks like giving President Putin’s invasion force a real headache.

If the conflict continues, there is a real possibility that someone will blow up Ukraine’s oil pipeline. drugged Russian conscripts to fire at random targetsor Ukrainian partisans fighting in a desperate Burned Earth campaign against the Russian invaders.

I’m just speculating, but given Europe’s desperate energy situation, I wouldn’t be surprised if European leaders really want Russia to win a quick victory, to crush the Ukrainian opposition and secure the road. gas pipelines supplied to Europe in the face of partisan attacks. Maybe that’s why Germany blocks NATO from supplying heavy weapons to Ukraineleading to the current war.

As Europe suffers from sky-high energy prices and faces an aggressive Russian army on their doorstep, and sees the ravages of a democratic nation like any other in Europe, In any other Europe, perhaps Europeans will eventually wake up and start blaming their leaders for their overall sloppiness and incompetence with green energy.



Source link

news7g

News7g: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button