Europe has an energy crisis. Factories are halting operations in the face of soaring energy prices; families are paying 50% more for heating (or opting to freeze in their homes), and Europe as a whole continues to destabilize its political position by making itself dependent on Russia for natural gas.
Europe shows what happens when you adopt policies based on false ideas—myths about energy that all but guarantee high prices, power blackouts, and a crashing economy.
Americans, like the planet’s other 7.5 billion people, are not prone to talk or think much about nuclear weapons.
Of course, some of us are old enough to remember how “mutually assured destruction,” or MAD, was supposed to ensure the general peace.
Early in the coronavirus pandemic, I asked a simple question. Could Sweden’s laissez-faire approach to the coronavirus actually work?
Unlike its European neighbors and virtually all US states, the Swedes had opted to not shut down the economy. The country of 10 million people took what was at first described as “a lighter touch.”
Russia’s invasion of Ukraine has thrown the global energy market into a state of turmoil, forcing the U.S. and Europe to look for substitutes for Russian oil and gas. In that process, the Biden administration has turned to Iran as a potential supplier — just two months after effectively killing an Israeli pipeline project that would have supplied natural gas to Europe.
The administration’s decision to engage Iran, a decades-long adversary of the U.S., about supplying energy while opposing a close ally’s energy project is feeding concerns among experts that he rewards foes and punishes friends in the Middle East.
Part of a key pipeline transporting natural gas from Russia to Europe suddenly reversed its flow direction Tuesday, Reuters reported.
Flows in the Yamal-Europe pipeline, which sends natural gas to Germany via Poland, were recorded going eastward away from Europe on Tuesday morning, data from the European firm Gascade showed, Reuters reported, citing data from German network operator Gascade. Flows leaving Germany were moving at a whopping 4.3 million kilowatt-hours per hour at one section of the pipeline.
I admit, I was surprised by Russia’s attack on Ukraine. I thought Vladimir Putin had decided, instead of invading, to recognize the separatist republics and send in “peacekeepers.” Given the binary choice of invading or losing face, Plan C seemed the most clever, something similar to the limited “hybrid” campaign in Crimea. Instead, he has launched a massive, multipronged attack on Ukraine with the goal of “demilitarizing” the country.
The best analogy is the Russian attack on Georgia in response to its attack on the separatist province of South Ossetia in 2008. There, Russia surprised the West with its swift, decisive, and effective action against the pro-Western Georgians. Russia succeeded in its aims to degrade Georgia’s military and strengthen the separatists. These actions sent a message to Georgian leaders and its neighbors that a dalliance with the West may come at a high cost if Russia perceives it as a threat.
A war of some kind has been going on for eight years in Ukraine. While the West is now hyper-focused on the Russian invasion and its costs, the people of Donetsk have been shelled nearly every day by Ukrainian forces since 2014. And the so-called Revolution of Dignity was the culmination of a months-long violent riot in Kiev.
The flow of natural gas through a key Russian-controlled pipeline suddenly stopped Wednesday as tensions continue to increase between Russia and the West.
The Yamal-Europe pipeline’s liquified natural gas (LNG) flows, which are operated by Russian state-run firm Gazprom and have usually been pumped westward from Russia to Germany through Poland, were halted early Wednesday, European data showed, according to Reuters. The sudden stoppage reportedly represented a setback after leaders expected the pipeline to return to its normal flow pattern.
In December 2021, Gazprom slowed the pipeline’s gas flows, which represent 10% of the region’s supply, and the company reversed the flow direction from westward to eastward. The sudden reversal sent natural gas prices, which had already spiked amid a European energy crisis, even higher.
Under former President Donald J. Trump, for the first time in decades, the United States became a net exporter of natural gas and oil. That helped to keep global energy prices relatively low. It also gave the United States leverage over the international system in ways it had not enjoyed since before the 1970s.
Alas, the propagation of the novel coronavirus from Wuhan, China, along with the ceaseless lies of the Western “mainstream” media made such a prosperous and secure future under Trump an impossibility.
In the eight months since assuming office under a cloud of controversy, Joe Biden has done more to harm America’s inherent strategic advantages in the global energy market than any U.S. rival could have imagined. Under Biden, the United States has gone from being a net exporter of global energy to begging the Organization of Petroleum Exporting Countries (OPEC) to produce more oil for the world to consume.
President Joe Biden was forced to confront his own past criticisms of travel bans on Friday when he imposed his own travel restrictions on mostly African countries where a new and concerning COVID-19 virus variant has emerged.
Back in 2020, then-candidate Biden derided then-President Donald Trump as ’xenophobic’ and argued travel bans wouldn’t ‘stop’ the pandemic I after the Republican candidate placed restrictions on travel from China and Europe amid the earliest COVID-19 outbreaks.
“Meleagris Gallopavo Day” is a bit of a mouthful. Which may be why this Thanksgiving, most people will opt for the less ornithologically precise “Turkey Day.”
And just as turkey is a versatile meat – think of those leftover options! – so too is the word “turkey,” which can refer to everything from the bird itself to a populous Eurasian country to movie flops.
European economic growth outpaced the U.S. and China as COVID-19 restrictions eased and vaccination rates increased, but supply chain disruptions and inflating prices will hold back expansion in the near future, The Wall Street Journal reported Friday.
Gross domestic product in the eurozone increased at a seasonally adjusted annualized rate of 9.1% in the quarter ending in September, according to the WSJ. In comparison, the U.S. economy grew at a 2% rate and China grew at just 1%.
After three weeks in Europe and extensive discussions with dozens of well-informed and highly placed individuals from most of the principal Western European countries, including leading members of the British government, I have the unpleasant duty of reporting complete incomprehension and incredulity at what Joe Biden and his collaborators encapsulate in the peppy but misleading phrase, “We’re back.”
As one eminent elected British government official put it, “They are not back in any conventional sense of that word. We have worked closely with the Americans for many decades and we have never seen such a shambles of incompetent administration, diplomatic incoherence, and complete military ineptitude as we have seen in these nine months. We were startled by Trump, but he clearly knew what he was doing, whatever we or anyone else thought about it. This is just a disintegration of the authority of a great nation for no apparent reason.”