- Reaction score
Yet still no movement of the eurocorp high readiness brigade, at this point I am suspecting because the germans are resisting any multilateral efforts involving their troops. Less the face Putin turning off the taps. We shall see how this plays our in Germany next election cycle, a soft hand during this crisis could handled Germany over to more nationalist parties on the right.
Probably less about turning off the taps than being seen to incite a conflict that jacks up the price. The price of oil is at historic highs and could crush a few fragile economies.
If Russia kicks it off on their own, without the Euro-trash mobilizing to incite it, at least they can mollify their electorates by blaming Putin as the bad guy.
Russia-Ukraine crisis could spark a surge in Europe’s gas prices, topping last year’s highs
- If the Russia-Ukraine crisis escalates, gas prices in Europe – which soared to highs last year – could surge further, research firm Capital Economics said in a note over the weekend.
- “It’s a very tight gas market ... and there’s no question that this sense of imminent crisis building with Russia and Ukraine is also hanging over the market, particularly since Russia does provide about 35% of Europe’s gas,” energy expert Dan Yergin told CNBC on Monday.
- A massive gas crunch in Europe last year led to European power prices spiraling to multi-year highs.
- As it is, gas supplies from Russia were already lower than usual, Jefferies pointed out in a note on Sunday.
Tensions between Russia and Ukraine have cast a shadow over energy markets, and the uncertainty could mean prolonged high gas prices for Europe, analysts say.