How did Europe stumble into an energy catastrophe
nymag.com
nymag.com
Russia wanted to diversify its exports so that Ukraine and Belarus wouldn't be able to shut down anything, and planned many new pipelines. At the time, Russia could export gas from those fields as long as it had the cooperation of either Belarus or Ukraine, and much of Europe needed Russian gas. After much negotiation and construction, we've arrived at a state where Russia needs the cooperation of either Belarus, Ukraine or Germany, and where Europe's need for the gas had perhaps even increased.
I would have liked it better if Russia hadn't added any third country to the Belarus/Ukraine duo and Europe would not depend on that gas, but was that really achievable? Russia had a big budget and a clear goal, I find it difficult to believe that Russia would achieve nothing.
> Her proposal for a broad-based bailout of the British consumer for energy costs does, I think, place extra pressures on limited supplies because there’s no price signal that people should be saving. You end up with less faster. So I would’ve let the prices roll a little bit longer.
this is a glaring signal that they're not even up to date to what's going on in the uk regarding the energy market. the "signals" have been out for a few weeks now.