• GlueBear @lemmygrad.ml
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    6 days ago

    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?

    • Maturin [any]@hexbear.net
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      6 days ago

      “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
    • 小莱卡@lemmygrad.ml
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      6 days ago

      The one good thing about the neoliberal stage is that bankers, people that are completely divorced from the actual production, run the imperial core.

      • 201dberg@lemmygrad.ml
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        6 days ago

        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.

      • GlueBear @lemmygrad.ml
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        6 days ago

        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.

        • eldavi
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          6 days ago

          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.

    • Red_Scare [he/him]@lemmygrad.ml
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      6 days ago

      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.