54
America Is Deindustrializing Europe
(compactmag.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 11 Aug 2023
54 points (100.0% liked)
news
23560 readers
725 users here now
Welcome to c/news! Please read the Hexbear Code of Conduct and remember... we're all comrades here.
Rules:
-- PLEASE KEEP POST TITLES INFORMATIVE --
-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --
-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --
-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --
-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--
-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--
-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --
-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --
founded 4 years ago
MODERATORS
You edited your comment after I commented, so I was only responding to your first sentence.
But again, your conclusion that "the US is "deindustrializing Europe" due to Russian oil/natural gas being cut off to Europe just doesn't hold water. Europe took significant steps almost immediately after Russia invaded Ukraine to wind down their reliance on Russia for energy, because they recognized Russia could use that reliance as a weapon against Europe, which they proceeded to do. Russia had purposefully ceased output through the Nordstrom pipeline well prior to the pipeline attack.It was delivering 170 million m³/day prior to all this, then Russia cut the flow to 40m m³ by June '22, 20m m³ by July, and zero m³ by August. The attack that September was on a pipeline that was not even delivering gas. Russia was the one that cut this supply to Europe, not the US.
At the same time, European countries immediately stepped up to diversify their energy portfolios. Yes, they did increase their imports of US and Middle Eastern LNG. They also increased their use of lignite and coal, which are mined in Europe, and increased the pace of development of wind and solar projects.
Also that natural gas supply shock is over. Look here at a chart of natural gas prices over time
In conclusion, 1. Russia cut Russian natural gas supplies to Europe, not the US. Ukraine just saw to it they couldn't restart. 2. Europe is not relying on only the US to fill that energy gap, but increased imports from across the world and increased domestic production. 3. Natural gas prices have stabilized