Helen of Annoy Posted December 4, 2021 #51 Share Posted December 4, 2021 2 hours ago, godnodog said: When it comes to gas and oil the EU is less dependent on Russia and other middle East countries than what you might it is. West Europe has oil reserves that have never been explored, Portugal has oil and gas, but public opinion is very much against setting up industrial exploration. Thought many Portuguese are not even aware that these reserves exists, there is another reason for not being explored, they are somewhat reserved, and by this I am not using the word reserves in the traditional use of the word when it comes to oil, it really is considered to be reserved if troubles come in the future. What I find I find troublesome is that we see Russian troops movements in Ukraine, and already saw articles about Latvia also being somewhat threatened, is that simultaneously seeing China behaviour in the South China sea and it's increasing tension with its southwest neighbours and Taiwan. Is Russian colluding with China? Their relations always were and remain sweet and sour at the same time. On one hand, only the nuclear capability of both countries prevent them from one attacking the other. They will never trust each other enough to actually have a joint plan for anything. On the other hand, their interests and plans often did and will again happen to be the same or similar. They will always seize the opportunity to advance while the other is already throwing a spectacle. In other words, it's easy to imagine Chinese invasion of Taiwan while the West is busy with simultaneous Russian attack on Ukraine combined with Belarus inventing incidents in Baltic and domestic pro-Russians in Balkan starting a new war. It's not as nightmarish as it sounds, it's much worse but nothing new or not expected. Expected things everyone is prepared for rarely happen. It's a type of situation for which Portugal, for example, keeps its own fossil fuel reserves reserved. It's a wise thing to do. There's natural gas in Adriatic sea too, it's being somewhat exploited by Italy and Croatia. Technology exists (LNG) to transport gas from anywhere. Croatia just opened a new LNG terminal and it's only a matter of demand if there will be more of those. When asked how much they can increase production, Norway, second largest gas supplier for EUrope, said as much as it is demanded. They keep their production much lower simply because they have no need to sell more. Unlike Russia, that literally lives from EU gas money. Blackmailing the EU with fossil fuels, while the EU is ambitiously working on cutting fossil fuel consumption down, while having numerous other suppliers and sources, can and will backfire. But it's all they've got, besides migrants and posturing as if only they have tanks and psychopaths willing and able to inflict damage when allowed to do so. 2 1 Top Link to comment Share on other sites More sharing options...
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