Germany calls the shots in Europe and its awesome industrial plant needs reasonably priced energy, which is why the Germans weren’t going to let the US stop the Nordstream 2 natural gas line. From Tom Luongo at tomluongo.me:
For more than six years everyone who is anyone in a politically sensitive position in Europe and the U.S. has wrung their hands over the Nordstream 2 pipeline. From the moment it was announced the howls of pain could be heard all around the world.
Those screams were the screams of people who had grown fat and rich on the status quo realizing their gravy train was over.
Now the project is all but complete and the saga coming to an end we have a weak deal between all the major parties to keep some of that gravy train running. German Chancellor Angela Merkel and Joe Biden finally buried the hatchet over Nordstream 2.
But the reality was that Nordstream 2 was always going to get completed. I’ve never wavered in my assessment of this.
The reasons were myriad.
The Germans need the gas.
The Germans wanted another political cudgel to use over the recalcitrant Poland and the Baltics.
The Germans need the gas.
Former German Chancellor Gerhard Schroeder is a board member of the Nordstream 2 consortium who put the deal together.
