Here We Go, Russia Shuts Down Nord Stream I

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As the EU destroys itself, Ukrainian comic turned president Volodymyr Zelensky says the threat from ‘Putin the Nazi’ outweighs the pain of rising energy bills. Easy for him to say.

The Ukrainian leader praised Boris Johnson and criticized Emmanuel Macron and Olaf Scholz for not doing enough. He says the western cost of living fears is “incomparable” to the threat from Russia, according to The Times UK.

THE EU WILL CAP RUSSIA’S INCOME

According to ABC News, finance ministers from the Group of Seven industrial powers have pledged to implement a system designed to cap Russia’s income from oil sales, an idea the nations’ leaders had promised to explore in June.

The ministers said they would impose the cap by barring insurance or shipping companies from helping Russia sell oil at prices above the set limit.

Meanwhile, skyrocketing energy prices have fed inflation, squeezing consumers in rich and poor countries and threatening to push Europe into recession.

They’re suicidal. So is the US, which is guiding this.

RUSSIA WON’T SELL OIL TO COUNTRIES PUTTING A PRICE CAP ON ITS CRUDE

Russia’s deputy prime minister has said Moscow wouldn’t sell oil to countries that try to impose a price cap on its crude, just before finance ministers from the US and allies meet to discuss the plan.

The US has been pushing to limit the price of Russian oil to slash Moscow’s revenues and cool inflation. Finance ministers from the G7 group of leading economies are meeting virtually on Friday to hammer out details, and five officials told the Financial Times a deal is likely.

The country’s invasion of Ukraine led to a barrage of unprecedented sanctions aimed at isolating Moscow and choking off its access to international financial markets. That hasn’t happened as planned.

While sanctions have not directly targeted Russia’s energy exports yet, the US said on Sunday that the US and its European allies are considering a ban on its oil imports. Russia is the world’s third-largest producer of oil and one of the biggest gas producers. A ban would send its customers scrambling for any kind of alternative at any price.

Just the potential for some kind of ban saw Brent crude futures surge to over $130 a barrel Monday, their highest since mid-2008.

That idea won’t work well. Russia isn’t just dominant in the oil trade. It’s one of the biggest producers of wheat and coal. And some experts believe Western leaders will stop short of outright embargoes, given that their economies could be too badly damaged by the ensuing price rises.

AND RUSSIA SHUTS DOWN NORD STREAM I

Russia just cut off Nord Stream 1 entirely. No one could have predicted that. Oh, wait, Donald Trump did.

The supply of natural gas to Europe through the Nord Stream 1 pipeline was indefinitely terminated after an engine oil leak was found in the main gas turbine during an inspection in St. Petersburg, Russian energy giant Gazprom said on Friday.

The company added that a joint inspection was carried out at the Portovaya compressor station near St. Petersburg with Siemens Energy, which maintains the turbine.

Gazprom stated that the oil leak detection report “was also signed by representatives of Siemens,” citing the German company as saying that the necessary repairs could only be done in “the conditions of a specialized workshop.”

According to the Russian firm, the turbine cannot operate safely until the leak is repaired. It gave no timeframe for the resumption of supplies via the key gas route to Europe.

MASSIVE DEMONSTRATIONS

70,000 Czechs are unhappy, and it’s only just begun.


It’s not going well elsewhere, either.


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The Prisoner
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The Prisoner
1 year ago

If people are stupid enough to believe in the cause to protect Ukraine, then they are stupid enough to be deprived of energy.

Harrison Pendleton
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Harrison Pendleton
1 year ago

Zelensky the known race-cleanser and ethnic-hater.

GuvGeek
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GuvGeek
1 year ago

Expect US Natural Gas prices to Skyrocket along with Electricity cost. The Chinese will buy all the energy that Russia has to sell and we no longer have any influence over the Chinese. Even if we put President Trump back in the White House tomorrow, it will take 5 to 10 years to undo the mess that Traitor Joe has created. I expect a lot of people to be hungry, cold, and in the dark this winter in the United States. People do crazy things when they are cold and hungry.

As I write this, I can hear a neighbor off in the distance practicing on his personal firing range. I guess he goes to the Church of the Accurate Bullet since he’s out there most Sundays until noon. Traitor Joe’s Demonic Speech didn’t do Democrats any favors. Calling over 50% of the Nation Terrorist was not a good idea. It just hardened the resolve of Patriots. That was clear when I had breakfast at the truck stop Friday morning after dropping my daughter off at school. Traitor Joe needs to resign before this pot boils over. He only legally got maybe 60 million votes or less than 45%. About the same vote Bill Clinton got in both his elections. Liberals can’t Win! The Hard Core Liberal is less than 10% of the Nation. Unfortunately, the attitude out there is moving to that of crush all Liberals, and all Democrats are Liberals. That brands 30% of the Nation as the enemy. Democrats need to stop listening to Media propaganda and realize that when Conservatives (60% plus of America) do take to the streets they are not inclined to take prisoners. I don’t like it because this is not going to end well if Traitor Joe remains in Office and the Crazed Liberal Fanatics in Government aren’t gotten under control.

Irritable Bill
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Irritable Bill
1 year ago

The people should drag their vile representatives into the street and give them the full Mussolini experience.
Normal people are having their lives destroyed by petulant, mindless children who believe if they say something…then it is factual. And so they support actual Nazis against Russia, again, cause like Orange man, Putin bad.
Well then, lucky for them global warming will have significantly ameliorated the coming winter ha ha. Get me some popcorn…the coming storms wont be about the weather.

lalasayswhat
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lalasayswhat
1 year ago

70k Czechs protesting in the streets. I wonder what would get lazy American asses up and protesting too?