Europe suffers as Putin takes advantage of Biden's anti-energy policies
Within the past two weeks, the price of natural gas has nearly doubled in Europe, signaling Russian moves to put pressure on Europe, NATO, and Ukraine.
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Taken together with a few other factors — that Russian troops are amassing on the Ukrainian border, hints at “Ukrainian provocation” from within Russian media sources, and whispers of next week’s impending talks between the US and Russia — all signs point to Russia setting up a soft coup in Ukraine.
The increased price of natural gas in Russia comes not from a normal winter spike in energy demand and consumption....
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In fact, it exceeds the price fluctuation of gas prices in the US several times. The price spike goes hand in hand with not only a reduction in natural gas supply to Europe but pulling back supplies from European depots back towards Russia. If prolonged, this could be devastating to both Eastern and Central European countries that rely on Russia for more than 75% of their natural gas supply, as well as to NATO countries like Germany.
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Trump's policy of increased US production of natural gas would have prevented this and he would have been able to sip LNG to European allies in response to Russia's energy aggression. It looks like the Biden approval of Nordtream is backfiring on Europe too.
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