Post by
filoux004 on Aug 26, 2022 10:47am
The question with no answer
Energy being the largest component of inflation, will Putin cripple Europe this fall/winter by curtailing severally gas exports? Peace
Comment by
bmbruce on Aug 26, 2022 11:42am
it's a double-edged sword in that if he needs the revenue from the sale of gas to continue with his war and Europe doesn't blink in terms of it's support for Ukraine then Putin will not fully cut the supply...anyway long term Russia is the loser big time because in a couple of years Europe will have solved their past dependence on Russian gas..
Comment by
filoux004 on Aug 26, 2022 11:55am
All good points..the issue unfortunately is the transition to other sources of energy is going to take several years if not not a decade and the pain will be real. But I agree at the end of the day innovation and hopefully determined political will win the day . Peace
Comment by
Gann999 on Aug 26, 2022 12:17pm
That action would only further reinforce our great demand for companies such as xebec in the long haul and leave Russia on an island by themselves fully separated from the rest of the functioning economy.
Comment by
filoux004 on Aug 26, 2022 12:24pm
Absolutely!!! You are right, but time will be required and your greatest Allie... Peace