Handlebar
Well-known member
- Joined
- Jul 15, 2014
- Messages
- 303
Would he really be doing it to help the O&G industry or to insure European compliance or is it a little of both. I still cannot wrap my head around the idea that Putin would have done this. Had they not already turned the tap off at the source?So where are we now?
Option 1 - Russia did it because gas flows had been cut off and they wanted to increase the fears in Germany of an impending winter.
Option 2- The US did it to make people think Russia did it and because we didn't like the pipeline to start? The latter part is mostly wrong. The political power Russia would gain was a known. Most of the US opposition to NS1 and NS2 came from Senators in O&G areas that would rather supply plentiful gas in form of LNG. There was even considerable varying political opinion in Europe about the pipeline, everyone talking their book. I guess this option is possible, but blowing it in September would be the riskiest time? You could crush the European economy (and possibly the global economy) with a long cold snap in winter (although I recognize gas wasn't;t flowing, but cutting off the possibility increases market prices). That's a risky decision. It was nice that the author tied in Norway because they export a lot of gas to Europe. Just makes it more odd that Joey B would help out the O&G industry.