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IEA Warns Russia may Lower Off All Fuel to Europe – ?


Essay by Eric Worrall

Simply as effectively Europe has invested a whole bunch of billions of Euros in renewable power capability /sarc.

Russia Might Lower Off Fuel Provide to Europe, IEA Warns

June 23, 2022 12:49 PM
Henry Ridgwell

LONDON — 

The Worldwide Power Company (IEA) has warned that Russia may lower gasoline provides to Europe solely so as to enhance its leverage towards the West following Moscow’s invasion of Ukraine.

Russia has severely restricted gasoline flows to Europe in current days. The Kremlin blames a delay in servicing gear attributable to European Union sanctions, whereas Europe accuses the Kremlin of enjoying geopolitics.

“Contemplating this current habits, I wouldn’t rule out Russia persevering with to seek out completely different points right here and there and persevering with to seek out excuses to additional cut back gasoline deliveries to Europe and perhaps even lower it off utterly,” IEA Govt Director Fatih Birol stated in an announcement to the Reuters information company. “That is the explanation Europe wants contingency plans.”

Power disaster 

A full cutoff of Russian gasoline would plunge Europe into an power disaster, stated Tom Marzec-Manser, head of gasoline analytics at Unbiased Commodity Intelligence Providers.

“Fuel provides from Russia for the time being — pipeline provides, that’s — are actually 1 / 4 of what they have been a yr in the past. So, the volumes are very, very low, and clearly that’s inflicting considerations. It means rebuilding storages, storage shares, forward of the upcoming winter is that rather more troublesome,” he advised VOA.

Learn extra: https://www.voanews.com/a/russia-could-cut-off-gas-supply-to-europe-iea-warns-/6630008.html

The IEA writes optimistic articles about renewables, going by their web site.

However the panic over the looming cutoff of Russia gasoline is unequivocal proof that renewables are usually not a viable alternative for fossil gasoline.

If a small fraction of the cash Europe has wasted on renewables had as a substitute been spent on increasing nuclear energy capability, or growing frackable gasoline assets in Europe, Europe may have laughed off Russian power threats. As an alternative, the greenest nation in Europe, Germany, is being pressured to restart their coal crops to make up the power deficit attributable to Russia’s geopolitical video games.



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