The EU Say They Have A Plan To Break Their Dependence On Russian Natural Gas
A Russian construction worker speaks on a mobile phone during a ceremony marking the start of Nord Stream pipeline construction in Portovaya Bay some 170 106 miles north-west from St. Petersburg, Russia on April 9, 2010. (AP Photo/Dmitry Lovetsky, File / AP Newsroom)
Washington Post: E.U. will unveil a strategy to break free from Russian gas, after decades of dependence
For years, Europe’s dependence on Russian energy has held it back from taking powerful action against Kremlin mischief. But now, the Russia-Ukraine crisis is forcing a change unlike any before, driving the European Union to make plans for a permanent, far-reaching break from Russian oil and gas, European policymakers said.
The strategy to split from Russian energy, expected to be announced by the European Commission next week, would give Europe a freer political hand against Russia than it has had in the past. It would take years and come with a hefty bill for European taxpayers. But it comes with the crucial backing of Germany, a nation so entangled with Russia that one of its former chancellors, Gerhard Schröder, is the chairman of Rosneft, Russia’s biggest oil company.
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WNU Editor: I have been hearing this talk about energy independence and shift towards renewables while breaking away from Russian energy for decades.
What has always stopped this shift has been costs and reliability.
I expect this new EU strategy will be more of the same but with one exception. They are going to bust their budgets and spend unbelievable amounts of money in the hope that this will solve their energy problem.
My prediction on what is the future of this plan can be best summed up by a quote that has been attributed to Albert Einstein (see below).
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