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De Omnibus Dubitandum - Lux Veritas

Thursday, April 3, 2014

From Benny Peiser's Global Warming Policy Foundation

Russian Gas Weapon Pushes Europe To Develop Shale Gas
In State Of Emergency, UK Could Produce Shale Gas In 4 Years
 
Editor's Note: From the beginning of this I've stated this Ukraine mess created by Putin was his downfall. There is no economy in Russia except for the sale of energy. It's all being run by a bunch of criminals who were former Russian agents, like Putin. This system is so full of corruption it makes American political corruption look like a bunch children cheating at marbles, or better yet, Putin playing chess and Obama playing bingo.
 
This is a good time to let economics fix this mess, and it’s their mess, besides, the world should thank Putin. This will now force those running the countries of the EU to stop listening to the insane leftist greenies and start producing their own natural gas. That will be the fix for – and a host of other things - this crisis with Russia and the former Soviet satellites.
 
He's broke and will very soon be more broke. Corruption at the top is so severe there are those who think it will topple the government,  his army is filled with vodka soaked drunks, his navy is full of rusting buckets, the population is shrinking by .05% a year and there is no economic incentive for anyone in general population to create an enterprising industry, because the sooner it became successful the sooner these thugs would take it over, the government still owns all the land so there are no property rights in Russia, the very foundation necessary for a capitalist system to work.
 
Putin is devoted to the socialist system, a sure system for failure.
 
Since they can’t expand their revenue through economic growth they will have to expand it by squeezing what they have now. At some point that will become a rock that won’t be squeezed because there’s nothing left. The Ukraine will become an economic bottomless pit no amount of dollars could ever fill, much less rubles.
 
Thank you Vladimir!
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Russia’s Gazprom has begun to tighten the noose on Ukraine, raising the cost of gas deliveries by 44pc and threatening to claw back billions of dollars of previous discounts. The move came as military tensions between NATO and Russia continued to escalate on several fronts, belying claims that the world’s most serious geo-political clash since the Cold War is subsiding. --Ambrose Evans-Pritchard, The Daily Telegraph, 2 April 2014

Shale gas production in Britain could begin within four years if the current crisis in Ukraine escalates to such an extent that a national state of emergency is declared, the chief executive of Cuadrilla Resources said. f the Ukraine crisis worsens dramatically and Britain declares a state of national emergency and removes all constraints, "it would take two, three or four years to get up to appreciable production rates," Chief Executive Francis Egan said. --Nina Chestney, Reuters, 2 April 2014

Europe, seeking to reduce its dependence on Russian natural gas, is encouraging political leaders to step up efforts to tap the region's shale gas deposits. Jose Manuel Barroso, president of the European Commission, the EU's executive body, said growing tension with Russia over its actions in Ukraine serve as a "very strong wake-up call for Europe" about energy issues. Shale gas continues to be front of mind among energy ministers and policymakers. "The outlook [for shale] is undoubtedly brighter now than it was a year ago," said energy analysts at Eurasia Group. --Alanna Petroff, CNN Money, 31 March 2014

Current tensions with Russia over Ukraine have turned the spotlight on Germany’s heavy dependence on Russian gas and are pushing Europe’s biggest economy to reconsider its entire energy policy. Last week, Chancellor Angela Merkel said the Ukraine crisis would lead to “a new look at energy policy as a whole.” --Mathilde Richter, Agence France Presse, 1 April 2014

Gas really is a weapon, but only in the hands of a highly sophisticated buyer, not in the hands of a "petrocrat" who exports oil and gas and imports everything else. In the end, the buyer can always find a new supplier for what has become a highly politicized commodity. But the seller — at least in the case of Russia — cannot even provide gas to its friend and ally, Venezuela. I suspect that the Kremlin is trying to divide Ukraine primarily for fear that Ukrainian shale gas, which is scheduled to start production late this year, will weaken Russia's perceived gas weapon not only on the Ukrainian market, but even on the European market. --Yulia Latynina, The Moscow Times, 1 April 2014

David Cameron wants to go into the next election pledging to “rid” the countryside of onshore wind farms, a source close to the Prime Minister has said. Mr Cameron wants to toughen planning laws and tear up subsidy rules to make current turbines financially unviable – allowing the Government to “eradicate” turbines, the source said. Cutting subsidies would not only reduce the number of planned wind farms but could encourage developers to start “dismantling” turbines built in recent years, the source said. --Peter Dominiczak, The Daily Telegraph, 2 April 2014

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