Europe On High Alert: July Shutdown Of Nord Stream Pipeline Has The EU Worried, by Tyler Durden

It’s going to be a cold winter in Europe absent any changes in Europe’s stance towards Russia. From Tyler Durden at zerohedge.com:

It’s a dynamic which some in the alternative media have been warning about for months – While the establishment claimed that Russia would be crushed under the weight of NATO sanctions, others have suggested that Russia could hurt the west more (specifically Europe) by implementing sanctions of their own.  While mainstream governments and journalists argued about how fast NATO should implement restrictions on Russian oil and gas, none of them seemed to consider the possibility that Putin would cut off energy exports himself.

This is the problem with instituting foreign policy and engaging in geopolitics using a “cancel culture” mentality; it leads to childish thinking and a lack of foresight.  You can’t “cancel” a nation if you are dependent on them for 40% of your energy needs.

Anyone with moderate industry knowledge in oil and gas could have seen this coming.  Europe is now on “high alert” as the Nordtream 1 pipeline to Germany has lost 60% of its natural gas transfers as Russia pressures Canada for the return of a massive turbine being held in Canada for repairs.  Canada has lifted sanctions in response and allowed the shipment of the turbine back to Russia, showing that the Kremlin does indeed have economic leverage over NATO countries.

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