- cross-posted to:
- europe@hexbear.net
- europe
- cross-posted to:
- europe@hexbear.net
- europe
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“We stopped the transit of Russian gas. This is a historic event. Russia is losing its markets, it will suffer financial losses,” Ukraine’s Energy Minister German Galushchenko said in a statement.
Ukraine will lose up to $1 billion a year in transit fees from Russia. To help offset the impact, it will quadruple gas transmission tariffs for domestic consumers from Wednesday, which could cost the country’s industry more than 1.6 billion hryvnias ($38.2 million) a year.
Congratulations, you just punched yourself in confusion! Russian gas is gonna flood Asia, further reducing the cost of it for ASEAN countries and making their industry even more competitive while Europe is going to buy much more expensive gas from the US and the gulf monarchirs and further weakening their own industry 😂
It’s amazing how western media completely ignores this simple fact. European industry is in direct competition with Asia, and if input costs in Asia are lower because they’re able to get cheap energy from Russia, then it’s a direct competitive advantage over the EU. This is something that even a child should be able to understand.
Problem is, those European capitalists are happy enough to move the operations to Asia. Especially so if the costs are even lower now than before. Some will be pissed off but I think this is all showing that those ones don’t have much power. Indeed, ruining their businesses goes in favour of the ones who can move their factories. It’s pig eat pig. And pig eat ordinary person by they were always expendable unless they were organised.
Exactly, it’s always the working majority that gets screwed, the capitalists will be fine.
Also take into account that the already expensive US alternative is going to get even more expensive with the increased demand, they have to do more fracking.
I wonder how the “environmentalists” in the imperial core are going to masquerade the inevitable upcoming increase in fracking.
How does a serious person that cares for the environment do not go full ted kazcynski after all these braindead blunders.
Indeed, it’s become pretty clear that the whole concern over the environment was not really serious all along.
at this stage; the environmentalism feels like a smoke screen similar to the pink washing that was rampant at the beginning of the genocide to help garner support for isreal and used to scare us about project 2025 during the election.
Pretty much. It’s not that the environmental crisis isn’t real, but more that western regimes are doing greenwash instead of actually phasing out fossil fuel usage. If they actually cared they’d be doing what China is doing right now.
I wonder if it was all just about not wanting to buy oil from Ayraabs
It’s probably more complicated than that. The key from US perspective is making sure they’re in control of the oil trade overall, and as long as oil is sold using the dollar they’re likely not too bothered.
The Nord Stream route across the Baltic Sea to Germany was blown up in 2022
“we don’t know who did it, coulda been aliens!”
The widely expected stoppage will not impact prices for consumers in the European Union - unlike in 2022, when falling supplies from Russia sent prices to record highs, worsened a cost-of-living crisis and hit the bloc’s competitiveness.
What? How? This lines up with Trump’s threat of massive tariffs against the EU should they decide against purchasing US LNG (which is already expensive enough, trump may even raise the price.)
I don’t see how this can’t make their situation worse, what are they basing their analysis on?
“We have no idea how supply and demand work. We also have no understanding of the difference in cost between cheap and plentiful traditional gas supplies over essentially free infrastructure and LNG, which requires billions of dollars of new infrastructure and is the most expensive way to transport natural gas at scale.”
- Reuters, probably
it’s just pure copium
The one good thing about the neoliberal stage is that bankers, people that are completely divorced from the actual production, run the imperial core.
And as time progresses they only become more and more detached from material production. They bankrupt company after company that actually engages in material production, all for the gain of wall street. Soon enough the entirety of the wealth of the US will be imaginary.
Blessing and a curse.
The neoliberals running Europe are inside the circle that the US dictates. This will be awful for Europe’s economy, but that isn’t the neoliberals’ concern.
Germany’s productivity and manufacturing will take a major hit. Combine this with France’s waning presence in the Sahel and North Africa. The result is Europe’s GDP and PPP will shrink at a faster pace.
The whole region will be driven towards China for the sake of lower priced goods. Unless the US threatens tarrifs, then I don’t see how this isn’t just setting up the neoliberals’ hegemony to fail.
The whole region will be driven towards China for the sake of lower priced goods. Unless the US threatens tarrifs, then I don’t see how this isn’t just setting up the neoliberals’ hegemony to fail.
they pissed off china when they enacted the tariffs that the biden administration wanted to suppress chinese growth; so i wonder how the chinese would react when they reach out for this help.
Trust me bro, fucking with Russia was totally a great idea, things are looking up for EU and UK
But this also shows Russia could’ve done what China is doing and limit sales to EU as leverage, instead of a full scale invasion.
Russian gas era in Europe ends
Indian* gas era in Europe begins
*Indian gas is just Russian gas with an expensive “Made in India” label slapped on it.
Europe pays, and everybody wins :)
I believe India sells Europe the refined petrol and diesel made from Russian crude oil. So that era already started a while back. 😂
Good for India’s refining industries.
It’s the natural gas piped via Ukraine which they are switching off.
Great move if you don’t care about price.😜
“Europe is rich countries. Pay more no problem yes? Sell off your assets if you need money!”
They neglected to mention the price of switching off Russian pipelines to use liquified natural gas from US and Qatar is significantly higher.
This will hit Europe particularly hard because it was already finding energy costs quite high when the pipeline gas was still flowing.
Also, it looks like this winter is colder than the past two and EU is draining gas reserves at the fastest rate since the energy crisis started https://newsukraine.rbc.ua/news/eu-drains-gas-reserves-at-fastest-rate-since-1735042035.html
while Hungary will keep receiving Russian gas via the TurkStream pipeline under the Black Sea.
This kind of shit is exactly why illiberal nationalists present such a challenge to the neolibs in election.
Hmm, it will be curious to see how this impacts the war. I would think that the gas transits through Ukraine is one the main things that has keep the conflict somewhat limited.
I actually don’t expect that there will be much impact myself. The transit meant that Russia had an incentive to leave some energy infrastructure in Ukraine in place, and it provided Ukraine with some income. But overall, it hasn’t really played a big role in the conflict overall.
The transit meant that Russia had an incentive to leave some energy infrastructure in Ukraine in place
That’s a good point. If Russia, or the US saying it’s Russia, blows up the infrastructure then it will mean a long term decoupling no matter what anyone wants.
