ENERGY CRISIS IN EUROPE: DESTROYING ECONOMY TO DAMN RUSSIA

It seems that certain forces within the EU are trying to inflict maximum damage to the European economy and the population of the EU member states in order to use the current situation as an excuse for aggressive actions against Russia.

Industry sources told Reuters that the British regulator rejected Shell’s plans to develop the Jackdaw gas field in the North Sea after reviewing an environmental impact report.

A Shell spokesman said the company was disappointed with the decision and was assessing its consequences. The reasons why the agency did not approve the report remain unclear.

The decision was made against the backdrop of rising gas and oil prices in Europe to record levels shortly before the COP26 climate conference in the UK.

Natural gas prices at the Dutch hub exceeded $1500-2000/thousand cubic meters, coal futures for October in Rotterdam reached $250-350/ton on October 6th.

The crisis in the natural gas market has already led to an increase in oil demand (especially in some Asian regions) by about 0.5 million barrels per day.

At the same time, EU functionaries continue to blame Russia for the price increase. Every day the PR hysteria is instigated by European bureaucrats.

It is interesting to see their reaction to change in the coming days, when the price on spot markets has rolled back to 1000 USD/1000 cubic meters and even less after Putin claimed to guarantee stable supplies to Europe and even at the expense of the-well being of the Russian economy.

Energy Crisis In Europe: Destroying Economy To Damn Russia