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David Buffalo's avatar

And isn't it interesting that apparently the most bellicose of terrorist threats, the Biden administration, may have set off one of those crises by blowing up a portion of the Nord pipeline, leading to energy and economic chaos in Germany....(at least this is who I think caused the mess).

Hopefully saner heads will trade instead of invade and promote expansion of pipelines and trade routes to make everyone warmer and richer at the same time. Europe and the world needs a break from chaos. Hopefully the energy markets can deliver on that while politicians become more interested in their populaces than their own power over them.

Great article.

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Sidetrack96's avatar

UK domestic gas production has declined by two-thirds over the last 25 years, while EU volumes are down a whopping 80% (aggravated by the Groningen phase-down). Is there any edge case supply disruption scenario severe enough to jolt the Europeans back to energy security reality? Playing the weather and import casino games year in, year out is an increasingly perilous political path.

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