OTCPK:WSRLF - Post by User
Comment by
Schillon Jun 13, 2010 5:00am
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Post# 17184009
RE: RE: RE: Between the Lines and in the Sand.
RE: RE: RE: Between the Lines and in the Sand.Kaosblues,
"The EU is not desperate, I grant you that...."
Actually that's what i'm saying! It's a bad style of discussion, to use strawmans.
And the other arguments are wrong, too:
That the EU couldn't compete with China for gas. And i thought, the price of gas were made on the international markets... Do you know, about the duration of gas-delivery contracts? They reach over decades. And that's what i already said: Russia is extremely reliable. So there is no "desperate need", it's just a good political decision to diversify. But not because of desperation or shortings in deliveries.
You seem to forget, that if energy is becoming scarce, it's the end of globalization: then it becomes attractive to produce in the own country again, due to the much lower energy costs. So it's more than questionable, that China's development in the past 20 years is a sustainable concept for future growth.
And where do you have that info, that gas were getting short? Gas reserves of Russia are huge enough for several decades and haven't the USA recently discovered reserves, that would make them autarkical for many decades?