To: Tenchusatsu who wrote (1368734 ) 7/27/2022 2:07:31 PM From: Broken_Clock Read Replies (1) | Respond to Perhaps siding with the madman grifter Zelensky was the smartest decision...given Putin will eventually achieve his goals there.Stefan Koopman, Senior Macro Strategist at Rabobank A generation of European policymakers have gambled their continent’s energy security on faith in Russia as a reliable supplier of natural gas; a bet that has now turned very, very sour. There was another slew of negative headlines yesterday surrounding gas supply to Europe, with Russia continuing to cut flows in such a way that it first increases leverage, volatility and uncertainty, and then creates the risk for real gas shortages in Europe over the winter. This uncertainty has pushed the European Union to come to an agreement for all 27 members to voluntarily cut use of natural gas by 15% from August to March 2023. It is the competence of the member states to find actual ways on how to implement this, as all will have different industries and interest groups that they want to shield, but the cuts could be made binding with more heavy-handed measures in a supply emergency.This will see electricity turning from a utility into a luxury good for many Europeans, while it severely damages industrial competitiveness even before any more heavy-handed decisions to ration energy use will be made.
