Author Topic: A question for our friends from DE, what is all the hassle about the Nord stream  (Read 92 times)

hutch--

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For someone who lives on the other side of the world, the interactions between Europe, Russia and the US are truly confusing. If I understand the bare basics, Germany is an industrial power house and Russia is a resource rich country that will happily export its natural gas to whoever wants to buy it. They are already supplying gas to China.

Now the simple logic to a capitalist is the rules of supply and demand, Germany needs the gas to fuel its industry and Russia can supply that gas at a far better price than the competition, and further, they have funded a gas pipeline from Russia to Germany to keep the costs down for their gas.

Now its common knowledge that the US want to restrict Russia economically and ship their own far more expensive gas to Europe but of course, this means that European consumers will have to pay a higher price for their energy, especially in the winter.

Can anyone make economic sense of this mess ?
hutch at movsd dot com
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jj2007

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You have already given the correct analysis: Russia wants to sell gas, and it's a bit cheaper than the U.S. gas. So the U.S. want to distort the competition. Another element is that until now, much of the Russian gas passed through a pipeline that crossed Ukraine. The latter don't want to lose the profit from the pipeline, and therefore asked the American friends to intervene.

There is also rumour that Ukraine stole gas destined for the rest of Europe. Google pipeline "ukraine" "gas" "Hunter Biden" to find more  :biggrin:

Greenhorn

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> Can anyone make economic sense of this mess ?

No, because it's pure (geo-strategic) politics.  :winking:

> Now its common knowledge that the US want to restrict Russia economically and ship their own far more expensive gas to Europe but of course, this means that European consumers will have to pay a higher price for their energy, especially in the winter.

That's (not) the one and only reason for all that hassle.
Germany gets it's gas since decades from Russia, even during CW I the Russians were always a reliable trading partner, especially for energy.

Even the "green" party "Die GrĂ¼nen" who claims to be an environment protecting movement is now attacking North Stream 2.
Ministerette Baerbock is Young Global Leader and controlled by the US, as most of the nowdays politicians, not only in DE.
The US does not only want to isolate Russia from Europe, it also wants to isolate Europe from Russia. This would weaken the EU and make it more dependend from US.
It's not only about selling their fracking gas, this is just a side-effect (Win-Win-Win situation). Before CW II the North Stream 2 project was welcome by the EU politicians, especially by the Germans. (Otherwise it would never has been realized)