Europe is doubling down on their renewable vitality madness, regardless of Russia’s President Putin threatening at any second to completely shut down Europe’s fuel provide.
‘Put together for complete reduce off’ EU in disaster as Russia threatens provide – however UK has lifeline
THE EUROPEAN Union has been scrambling to safe its vitality by rationing provides after Russia threatened to chop off exports utterly.
08:17, Mon, Jul 11, 2022 | UPDATED: 08:17, Mon, Jul 11, 2022
France’s financial and finance minister has warned that Russian President Vladimir Putin will almost definitely reduce off fuel provides to Europe as a response to the sanctions imposed by the EU. The French minister warned that this transfer may spark chaos throughout the continent, as nations have reportedly begun making deliberate lists of firms which is able to get precedence entry to vitality provides within the occasion of a extreme scarcity.
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Fears of a whole cut-off have intensified after Putin threatened to set off a “catastrophic” vitality disaster if Western powers proceed to press sanctions on Moscow.
In a speech on Friday, he admitted that whereas the sanctions imposed by the West have harm Russia’s financial system, he identified that the report inflation and price of dwelling disaster “reveals, as soon as once more, that sanctions on Russia find yourself inflicting way more hurt to these nations that impose them.
“The additional use of sanctions may result in much more extreme penalties, even, with out exaggeration, catastrophic penalties on the worldwide vitality market.”
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Anybody who thinks Putin can’t afford to do that, suppose once more. China and India are shopping for vitality from Russia as rapidly as Russia can ship it, a lot in order that Russia is now China’s greatest oil provider. Russia can stay with out the revenue it at present receives from gross sales of fuel to Europe.
Regardless of this credible menace of an imminent vitality provide collapse, Europe is doubling down on their renewable vitality madness.
The sane response could be for Europe to divert all accessible money to creating shale fuel and coal assets, to begin producing extra home fuel as rapidly as attainable. However this merely isn’t occurring on the size required to stave off catastrophe.
Regardless of a long time of inexperienced failure, which has left Europe totally depending on Russian fuel, Europe’s leaders nonetheless imagine in fairy tales. Europe’s leaders proceed to embrace the fantasy that renewable vitality is a viable possibility for powering Europe.
