Putin Predicts Catastrophic Consequences For The Global Energy Market
Russian President Vladimir Putin sees catastrophic energy consequences for Europe as sanctions against his country continue.
“We know that the Europeans are trying to replace Russian energy resources. However, we expect the result of such actions to be an increase in gas prices on the spot market and an increase in the cost of energy resources for end consumers,” Putin said at a televised meeting with senior officials on Friday.
The result, according to Putin, is that the sanctions will be felt more acutely by Europe than by Russia. “Further use of sanctions may lead to even more severe—without exaggeration, even catastrophic—consequences on the global energy market,” Putin said.
Europe has struggled to find a surefire way to punish Russia for its invasion of Ukraine without feeling the pain itself, given that Europe has relied on Russia for roughly 40% of its natural gas needs. Major European economies such as Germany are already grappling with power company bankruptcies as they source higher-cost natural gas from sources other than Russia. Europe is making a mad dash to refill its natural gas in storage before the 2022 heating season kicks in, but it is finding that those stocks are coming at a steep price. $IMPP.US$ $CEI.US$ $SPY.US$ $QQQ.US$ $.SPX.US$
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Violets : maybe this is why America is shipping oil out to other countries? I keep hearing that gas prices have gone down. the gas station near my house has fluctuated up and down seven cents. that's not making much of a difference. last year diesel was $2.99 per gallon and now is almost 6.oo
Dons hobby : All I know for sure is as long as the MUSH HEAD IS POSING AS PRESIDENT things will not get better at least enough to make any difference.
Revelation 6 Dons hobby : We can't pump and refine enough for our own needs and Biden is stripping the national reserve that will have to be replaced. He's double-ducking America in a bad way and it's not going to make a difference in the big picture worldwide, but he will get his 10%. Jack-ass.
Dons hobby Revelation 6 : BY FAR THE WORST P.O.S. that ever walked on dirt BAR NONE.
rennymc Violets : It is. The US is considered the leader of the world in so many directions. With the war in Ukraine and the need for more fuel there, along with the European countries wanting to get out of using Russian oil, we as the leader of the world need to step up in providing some of our oil. It will not only help those countries and send a message to Russia, but it will help our country. It is an economic need. If we let those countries falter, it will in time affect our country and the world’s overall economy that could be a domino effect in bringing an economic collapse. Even though our gas prices are high and our government has taken actions to help lower the pricing, it is important we lead on the world stage.
efficentupup OP rennymc : make sense
efficentupup OP Dons hobby :
efficentupup OP Revelation 6 : I tried to understand, but...
efficentupup OP Dons hobby : take care
efficentupup OP Violets : It is possible
Giovanni Ayala :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Dons hobby efficentupup OP : I am crying for myself as well as every other person that has to endure this MUSH HEAD
plucky Kangaroo1 : nuttin but love to ya buddy