Replies to post #422666 on Tornado Alley (PROG)

[Tango__32]

Just to bring home the point, France's Finance Minister Le Maire, over the weekend, noted that, "it's not a surprise" that the Nord Stream gas pipeline was shut indefinitely.

He also did say that EU Unanimity on Russian Price Cap was a 'Challenge'

While its OK creating noise about attempting to put a price cap to Russian oil, the real test will before us as winter descends upon EU and how the energy market behaves.

I believe the EU Unity is all too fragile and will easily break up when the push comes to shove.

Meanwhile, Putin is already playing up the issue saying that EU has lost its political sovereignty for these nations are pursuing polices that are detrimental to the welfare of their own people, businesses and economies.

[Tango__32]

Putin’s energy war will get intense in Winter

Intent upon driving a wedge between USA and Europe, Putin still has some fuel in his armoury to drive the Energy War, even has his forces suffer a setback on the Ukraine battleground.

As Oil prices are showing signs of a fall, Russia with OPEC are toying with the idea of cutting production to raise prices.

Europe coming together to cap Russian Oil price, besides the sanctions imposed, has had a deep impact on the Russian economy.

A collateral damage has been rising energy prices and inflation flaring up.
With a global battle of nerves playing out, seeds of a second Cold War have been sown and the China - Russia duo play is what needs to watched.

Resilience of the Western alliance is what will be tested during the winter months.

“His best shot at this point is to break the resolve of the Western alliance by precipitating an energy crisis,” Craig Kennedy of Harvard’s Davis Center for Eurasian and Russian Studies said at an Brookings event. “He’s starting with gas, but I wouldn’t be surprised to see him winding down oil production as well.”

[url][/url][tag]https://finance.yahoo.com/news/whats-coming-next-in-putins-energy-war-202125366.html[/tag]