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Putin mocks west and threatens to turn off gas supplies; Let's open up the spigot.
Topic Started: Mar 8 2014, 06:21 AM (265 Views)
Pat
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Fire & Ice Senior Diplomat
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Supply and demand beckons. It's time to start shipping our natural gas across the planet. We are drowning in supply. If Russia want to play gas games, let's play. :smile:


http://www.telegraph.co.uk/news/worldnews/europe/russia/10684333/Putin-mocks-the-West-and-threatens-to-turn-off-gas-supplies.html

Putin mocks the West and threatens to turn off gas supplies

Russian leader says does not want 'new cold war' but threatens to disrupt European gas supplies

Damien McElroy By Damien McElroy, Donetsk7:35PM GMT 07 Mar 2014

Vladimir Putin has mocked diplomatic efforts to end the Ukraine crisis as Russia threatened to disrupt European gas supplies by cutting off sales to Kiev over its unpaid debts.
The Russian president said through his official spokesman that, despite deep disagreements with the West, he did not want a confrontation over Ukraine to spiral into a “new cold war”.

Nevertheless Dmitry Peskov ridiculed Western demands for direct talks between the Kremlin and the new Kiev government, claiming that the loss of credibility involved “puts a smile on our face”.

The remarks were broadcast during the opening ceremony of the Paralympic Winter Games in Sochi, where the Ukrainian athlete carrying her national flag was given a loud cheer.
Earlier, Gazprom, Russia’s state-owned energy giant, said it would start to reduce deliveries to Kiev, a move that would disrupt supplies to Europe. Gazprom said Ukraine had failed to make payments on its £1.2 billion debts.
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Ukraine is one of the main transit routes for the continent’s gas and the suspension of Gazprom exports in freezing temperatures in 2006 and in 2009 endangered national grids and caused sharp rises in prices. “We can’t supply gas for free,” Alexey Miller, the head of Gazprom, said. “Either Ukraine settles its debt and pays for current deliveries or the risk arises of a return to the situation we saw at the start of 2009.”
Energy experts said Russia had the power to cause problems in markets across Europe, even though peak winter demand was past. “Europe still relies heavily – in some cases 100 per cent – on Russian gas. And if that was interrupted very suddenly, there would be difficulties all round,” said Lord Howell, the former energy secretary.
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Corky52
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Turning off the gas is short-term win, long-term major loss!

Europe will hurt for a while and then develop other means of supply and energy, Russians lose their major market. People don't tolerate energy supplies they see as unreliable and not good for their interests. Deep water fracking in the North Sea is viable and only slightly more expensive long-term.



:smoker:

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Neutral
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Yes, our libs ridicule GOP candidates and we have an idiot in office who could bring Putin to his knees just with energy but is too stupid to do it.
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Corky52
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Energy decisions aren't ours, we SHOULD NOT setup to export our natural gas to Europe! Simple fact is that we need to stay on the far side of this mess, we have no reason to have any major say in the mess of middle Europe! Long-term this may just force Europe to step up it's military and should it real share of the load.


:smoker:

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Pat
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No say is great, but we also need to in my opinion, take advantage of an opportunity to play the fear game and grab market share.
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Corky52
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I see absolutely no point in selling resources now that we will need in the future and that the cheap and easy availability here currently create good jobs for our people.

The best thing that I could see coming of all this is the EU developing it's own resources in it's own backyard and moving to a miltary that could help us in the rest of the world if needed.



:smoker:
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Neutral
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Well heck I thought we weren't going to need those resources in the future.
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tomdrobin
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Exporting our natural gas is a bad idea. It will drive up prices and inflation. I think some of the GOP are looking for an excuse to allow it, so their masters can make more money off of it.

I say give Putin Crimea, it's majority Russian anyway and they have a huge naval base there.
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Deleted User
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Mar 8 2014, 06:27 AM
Yes, our libs ridicule GOP candidates and we have an idiot in office who could bring Putin to his knees just with energy but is too stupid to do it.
Really? And just how would he do that?
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Neutral
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Announce we will drill more on government land and approve the Keystone pipeline.
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