Gas Flow To Resume – Now Putin Pays
I’m relieved that the natural gas conflit is being resolved. But now that Europe and the markets have had a taste of the danger so much reliance on Russian gas brings… it looks like the Russians are going to be the ones paying. The market value of gas recently dropped and Europe is looking for alternative energy sources. It’s an interesting lesson… if you hold a trump card… sometimes it’s wiser to hold it and not play it… at least if you want to win the game… and not just one hand. Here’s the article that triggered that comment.
What The Heck Is Moscow Thinking!?
I was amazed to see this in the news this morning… “Gas emergency declared across Europe.” Does Russia think turning off the gas supply to Europe is going to help get the folks in the Ukraine to pay their bills? Sounds like it… but is it worth some people in Europe freezing to death!? The three big take-aways for me on this are:
- Russia is taking a very aggressive posture with the rest of the world which just seems incredibly dangerous, and…
- This another example of how the economic trouble is going to escalate real trouble, and…
- Each of us should take this moment to remember that foreign dependence on anything as critical as fuel to heat your home is a very bad position to be in. Unfortunately we’re all in the same boat. My heart goes out to those in the cold in Europe right now. I hope this gets resolved as quickly as possible.
I don’t know about you… but I’m thinking about getitng ready to hang on tight. I think we’re really in for a bumpy ride.
