They stopped their oil and gas exploration. They chose to chase ‘net zero’ academic pontifications. They closed their refining operations. They took apart their coal-fired electricity plants. They disassembled their nuclear power capabilities. Then, the absolute cherry on the proverbial cake, they voted to stop purchasing oil and gas from Russia.
The EU is now in the Find Out stage of their FAFO positioning.
Gasoline prices have skyrocketed. The last shipments of jet fuel have arrived. Major airline carriers are cancelling flights due to lack of fuel. Faster than the EU can organize meetings to discuss their position, EU destined LNG shipments have diverted to southeast Asia and India as the ASEAN nations bid higher purchase prices for the vessels literally on the water.
Folks, it’s quite an article written by EU Politico as they outline how each of the leaders from the nation states are now discussing how vulnerable they are to the changed oil/gas environment with the mid east conflict ongoing. The entire energy sector in Europe is now in crisis mode with leaders predicting it will get much worse within days, not weeks.
EU Politico – “Germany’s Friedrich Merz warns the economic fallout from the war in Iran is on track to rival that of the Covid pandemic or the Russian invasion of Ukraine.
[…] With the war in Iran threatening to choke off energy flows for the foreseeable future, Europe is facing a supply shock that promises to cripple manufacturing, ground airlines, hike up the price of food, spike borrowing costs and send inflation spiraling back to crisis levels.
As the last tankers carrying fossil fuels from the Persian Gulf pull into European ports, the scale of what is about to hit seems to be dawning on the continent’s leaders.
“I’m living with the reality of this war and its consequences 24 hours a day,” Italian Defense Minister Guido Crosetto told the La Repubblica newspaper. “I’m forced to know things that don’t let me sleep.” The conflict could last “years,” Christine Lagarde, the president of the European Central Bank, warned in an interview with the Economist last week. The long-term effects, she added, are “probably beyond what we can imagine at the moment.”
[…] “Markets are now grappling with a scenario long discussed in theory but rarely thought of as a legitimate possibility — the effective shutdown of the world’s most critical energy chokepoint,” said Ana Maria Jaller-Makarewicz, lead energy analyst for the Europe team at the Institute for Energy Economics and Financial Analysis.
One immediate worry is that Asian countries, which before the war relied on the Gulf for some 80 percent of their gas and oil, are beginning to bid up the price of those products as they fight over dwindling supplies. That has diverted merchants with more flexible contracts toward Asia to exploit the higher profit margins, turning them away from Europe.
According to Charles Costerousse, a senior energy analyst at maritime consultancy Kpler, 11 U.S.- and Nigerian-flagged LNG tankers have been redirected from Europe to further east in the past few days. Within the next few days, the last tanker bearing Qatari LNG will arrive in Europe, he said.
[…] For now, as the final Gulf tankers finish unloading their cargo this week, the clock officially starts ticking for Europe’s policymakers. The continent has weeks, not months, to brace for an impact that could reshape its economy for a generation. (read more)
The one element missing from the lengthy diatribe of EU leader quotes is any self-reflection; any admission their EU vulnerability was entirely driven by their own policies. No, that part of the equation is missing entirely.
Everything in their mindset is a discussion of external events happening to them. There is no reconsideration of their prior stupidity, and/or a responsive effort to reposition their vulnerability.
The EU is in a state of cognitive paralysis, and things are about to get much, much worse.
I wonder if this is part of a plan to expose the end result of the Green Scam and to end the European dependency. Could it be tough love to get them to save themselves before it’s too late? Or is it just a happy coincidence tied to us ending the Iran problem?
Thot the same thing.. you said it well!
I was getting ready to post a similar thought. Was part of DT’s Iran plan to wake up Europe and give them a chance to reverse course before they were too far gone? This war makes them realize they need to be energy dependent and they need to have a military that can actually protect their country. In other words, put their country first.
The EU can not and will not ever admit it’s mistakes. They are beholden to the communists among them and only seek to remain in “power”. They are Shiite-scared of their resident muslim terrorists so they can’t move to secure their fuel supplies that Iran are currently holding hostage – they’re fervent hope is that the USA bail their sorry a**es out once again. Insha Allah!
Here’s you oil kind sirs.
That’ll be one Greenland, thank you
Hitler’s war machine was not stopped by the Russian winter. That was a myth. It was stopped because it ran out of GAS. Pure and simple. Energy has always been the weak link in Germany and to think they would not have learned that lesson by now is quite remarkable.
I’ve read in the past that Germany is sitting on top of a massive shale deposit, that could be fracked for gas. But the green woke German won’t frack it.
Well that is fracking remarkable. What a bunch of fracking imbeciles!
They are sitting on .7 to 2.3 trillion cubic meters of gas. At their usage rate of about 80 billion cubic meters annually, they have enough to last them 10-30 years. Obviously not “forever” supplies, but enough that they shouldn’t be having a crisis every 2 years, especially if they put some in a strategic reserve while they buy foreign during good times. Why don’t they? Legal/Environmental reasons. They are complete clowns.
WoW!! This is massive flipping EU on its Arse!
Lack of gas stopped them so that they could freeze to death in Russia
Ironic in that one of the objectives of the operation was to secure more petroleum sources from Soviet territories.
They miscalculated bigly on the logistics to pull it all off. Ditto fierce resistance from the Red Army.
And Germany losing the Battle of Stalingrad, with 1.8 million total lives lost on both sides it’s the biggest loss of life of any battle in history. Germany never recovered.
As Daniel Yergin states in his “The Prize: The Epic Quest for Oil, Money, and Power”,… all wars fought since the USA Civil War were either fought over oil/gas or were determined by which side had the most of them. Great read.
Hitler knew that and tried to capture the Baku oil fields but failed.
This is like a worst case scenario of just in time inventory. But instead of shutting down a factory, its shutting down Europe and maybe Asia.
These dopes saw in real time the vulnerability of their supply lines in real time during the covid years, and they didn’t learn a thing.
You cant fix stupid. Or excessive hubris.
Hopefully the EU leaders all commit hari-kare together in a large padded room, they’re out of options
Yeah.
What Kevin said.
That made me laugh
The defense minister of Italy said that they are living with the consequences of the war every day. BULL!! They, and the rest of Europe, are living with the consequences of screwing over the United States of America by not upholding their end with the agreements in NATO… Nothing more nothing less. The backstabbing cowards are on full display. I think it actually looks like they were betting on Iran to win in the military operation, and it is a bet they lost BIGGLY! Which is extremely funny if you think about it… Because they were betting on the U.S. being willing to take whatever crap they dished out at us, and still come to THEIR DEFENSE whenever they called. Talk about regime change… I think the entire continent better get ready for rebellion on a massive scale. MEGA
Make Europe Great Again!
Karma!
Have you seen the History Legends YouTube that shows all the aircraft on the ground that the USA lost because its warplanes were on the ground in the Middle East?
History Legends doesn’t say so, but it is obvious to the informed person they were vulnerable on the ground because the USA was not allowed to use its military bases in Europe. History Legends simply concludes that American “Criminal Incompetence” was the cause of the loss of all our aircraft on the ground in the Iran War.
I used to respect History Legends analysis. But the real cause of the loss was too obvious: NATOs reneging on its responsibilities.
I honestly believe the President Trump would not have been so direct about how blatantly obvious “The Leaders” of all of these countries are screwing over the people in their own countries if they had not so blatantly screwed over the U.S. by reneging on every agreement in NATO by not allowing access to military bases. Initially, he wasn’t even asking them to help in any other way. Now it’s gotten down to… Either buy oil/energy from the US or go to the Strait and get it yourself. Which I guess the UK could do if they could just find their ships. Maybe one of the other countries borrowed them and left them in Greenland.
LOL Interesting speculation.
Potus should have used our bases regardless, what would those EU Leaders do, shoot down our aircraft landing or taking off after refueling? Think not.
I had some respect for history legends. NOT NOW. What a lame lier he has turned out to be. Black hawks freely roaming over Iran, says it all! Not possible without complete air superiority. God bless our troops and God bless us all.
Praying for the people. Screw the incompetent “leaders”
The people chose these leaders.
Yeah. Like we “chose” joey biden and his goons.
That hasn’t been the case in at least a century. The “fourth estate”, an essential component of democracy, has been misinforming people on orders from owners whose agendas tilt toward greater riches and power for themselves. It pays to advertise.
The “fourth estate” is now a “Fifth Column!”
Sorry, the system over here is – we vote for those chosen by the political parties.
The one with the biggest votes get elected.
The winning party chooses their leader – usually before the election.
It is very rare that any party gets more than 50% of the votes so we really have to take what we get.
If we had a vote for the Prime Minister here for example
I don’t suppose Stammer would get more than 20%
Our leaders are imposed – not elected.
My sympathizes!
In truth not much different here.
Gee, no mention by EU leaders of how they should help Trump secure the strait of Hormuz? 🙄
I remember how Sundance explained that if the oil price rises, the price of everything else rises too. Now we have all seen the choices made by Canada and Europe (minus Hungary and maybe Slovakia) to try to replace oil and gas with solar and wind. It does not work. Also many countries got rid of nuclear energy. Now Europe is dependent on other countries for the energy supply, and the prices of everything else is going to rise accordingly.
This is the trajectory we were on until Trump was elected. We in the USA are more fortunate than people in any other western country, except Hungary and Israel.
“If you can keep it”. Even the USA is just one election away from going down that self-destructive path. The Big Money is almost all against the common people keeping their freedom and opportunities, and far too many people buy into the divisiveness that is pushed at them by the sycophantic media.
Spain’s socialist Leader was the first to Go GREEN tech about 20 years ago and Spain went Bankrupt. Did the Zeropeans learn then,… of course not.
The EU leaders are NOT leaders! They are more like a sorority hissy fit over who is in charge. They all went to the best schools, came from the best families, all have the best friends and the all speak well. But that is where their skill set ends. They d not know how to run a country, they can only hold the reins and make believe. Every “leader” in almost every EU country was handed a good economy and a civil population. In every case the country would have been run better if it was on auto-pilot.
Fossil fuel deniers in California did the same thing the EU idiots did, and then added the highest state gasoline taxes in the country.
Fossil fuel deniers
Love it and will use it.
Thank you!
And since CA ran off almost all of their 17 O/G Refineries in CA, they now have to import it from Asia/ME by tankers, cuz pipelines from West Texas can’t cross the Sierra Madre mountain range. Stupid beyond belief,… let’em suffer their own fate.
Guess those windmills and solar panels are gonna have to work overtime, eh Europe?? I hope the patriots in each country rise up and figuratively cut their socialist-liberal self-righteous, smug government bureaucrats off at the knees. Time for a resurgence of commonsense patriotism and governments that care for their PEOPLE not themselves and some silly cork-brained ideals.
Now think about the ramifications of this as it pertains to the cloister of the willing and Ukraine. No fuel, no pass go. They grounded themselves and their paper armies. NATO and the EU have just castrated themselves.
Europe’s (Ukraine) war against Russia, including the destruction of the Nord Stream pipeline, should be thrown in the face of every voter in the EU. It is bad enough that their governments have wasted trillions of dollars on wind and solar “energy” while shutting down reliable fossil and nuclear generation .. their City of London and Zurich instigated proxy war against Russia has to be one of the biggest shoot yourself in the foot SNAFUs of all time.
Cherry on top: these ijjits have blocked the US from using their airspace or bases the US has paid for in their territories.
Here in the US blue states have a new cause, turning all their lights off at night. They are selling the idea as a wonderful thing to see the stars at night in their cities. I have never heard of residents of these city begging to see the stars.
What is more likely is either they are running out of money to pay for streetlights, running out of electricity due to environmental policies, or both.
I don’t think people will be walking around in the dark in a blue city admiring the stars, but I do thing they will start living out the movie “The Purge” in real life once people realize the security cameras are off.
A contributing factor is the theft of copper wiring. LA has stopped trying to keep up with the thefts and is installing four way stops at intersections since they can’t replace the traffic lights.
Import the third world and people wonder why we cannot have nice things.
Easier to cast blame on relatively smaller groups of addicts than admit a cultural issue with recent imports.
Sounds like the AI tech’s looking for a way to power their AI plants. Convince the public to do without the electricity.
Love these broadcast. They explain things easy to understand. Next to Sundance, who provides these videos, they help me a lot.
For the EU:
-Lockdowns 2.0.
-Digital IDs
-CBDCs
Fait accompli.
For the USA:
fight, fight, fight!!!
The EU will most certainly use this as an opportunity to impose restrictions on their subjects. The question in my mind is: How will this impact illegal immigration on the continent?
These worthless slugs would prefer to have Iranian ICBMs showering them with their enriched uranium provided by Obama. I’m not sure it is possible for me to hold that entire continent in any lower regard than I now do. I want nothing to do with them and I am perfectly at ease with allowing them to lay in the bed they made for themselves.
#MAGA #FJB #FTC
“When this conflict is over, the strait will open up naturally … they’re going to want to be able to sell oil because that’s all they have.”
President Trump on Iran
The Zeropeans are immune to Donald’s practical, Common Sense!
Sundance’s first paragraph is enough to make one say, “Okay, now what was our tee-time again?”
Cognitive paralysis is the perfect descriptor. It’s jaw dropping how EU keeps harking back to umpteenth Ukrainian aid package or need to preserve rules “rules based intl order” even as these actions are the cause of their crisis; even as their bogeyman Russia might actually be the one that bails them out … even as they try to persuade their white males to march off to almost certain death 1000 miles away while importing an ancient enemy of the West and giving it almost carte blanc to molest and rape white women
I’ve never seen anything like it. Their clever phrases are causing them to be untethered to objective reality
it’s part of the plan.
They are doing exactly what their Globalist masters are ordering them to do.
Do not confuse stupidity for corruption.
EU citizens are now Serfs again,… and they voted for it by electing Corrupt, Wealthy, Selfish leaders.
“They are doing exactly what their Globalist masters are ordering them to do.”
The same can be said about the US.
With the “intelligent” folks in zip code 22101 doing quite a bit of “nudging” too.
Including “nudging” the EU, so both EU and US are steered down together.
I’m reminded of the proverbial fellow who climbed out on a limb and cut the branch off behind himself.
Yeah: They will blame it all on Trump for starting the war and bringing these consequences down upon them..
That’s just how they roll.
Good….They made their beds….
Its like the jab was. Never admit the jab is a killer and never admit green energy is madness.
Stone age coming soon to a EU country soon.
😳
The good old MAGA USA would be certainly willing to fill in that gap. We have plenty of Oil/LNG to sell. But it’ll cost you guys. Call it the stupidity pricing just for you. Besides, we have a 30+ trillion dollar debt that needs to be paid (since a good chunk of that went to NATO and European wars), you guys can just cough up the moola to America.
MAGAfada
Or, See, petroleum products are not only bad but also supplies are unstable and unreliable, so we are going to have to ration it and you’ll have to have colder homes in winter and you just can’t get in your car and go where you want, so no more “unnecessary” driving and we now now need more green power……Am I too cynical?
Learn from the mistakes of others because you and your nation will never live long enough to stay up-right.
What? They can’t run passenger jets on solar and wind power? Who’da thunk? FAFO. 🤣😂🤣
You would think, given the situation, that they would be hammering the point that they already bid on those tankers and that oil needs to go to the EU…for the benefit and prosperity of their populace. As our President told them back in his first term that they needed to be less reliant on Russian oil and gas — for the benefit and prosperity of their own people — and what did they do?
Now, why aren’t they pitching a fit about those oil tankers turning around?
Perhaps having the population further suffer is one last gambit in their controlled destruction of their own societies that they intend to play. Are they stupid? Yes, but they are also corrupt and evil (and thus we cannot ascribe what they are doing to mere stupidity), and are determined to carry out their plans.