Tag: gas prices

Ukraine crisis prompts Germany to rethink Russian gas addiction

Posted on by Lone Candle

“Behind the rude awakening on energy security lies an even more unsettling realization for many German elites: That a decades-long goal of bringing Berlin and Moscow closer together through mutually beneficial trade seems to have failed.”

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“The idea that growing trade links with other nations would help to gradually embed Western democratic standards in those countries has already taken a hit when it comes to China, which has only become more and more repressive despite growing economic links. Still, leading German politicians have long held out hope that “Wandel durch Handel” might still work with Russia, and defended Nord Stream 2 as a tool to also influence Russia for the better.
“Obviously, this policy has totally failed when it comes to Russia,” said Marcel Dirsus, a non-resident fellow at the Institute for Security Policy at Kiel University. He argued that instead of influencing Moscow by making Russia more dependent on Germany, the policy had the opposite effect.

“Right now, when push comes to shove, Berlin is dependent on Moscow when it comes to energy, and that influences the way it positions itself,” he said, referring to Berlin’s initial reluctance to include Nord Stream 2 in potential sanctions against Russia in the case of further aggression against Ukraine.

It took weeks of internal bickering and harsh international criticism before Scholz’s Social Democrats agreed to put the pipeline on the sanctions table.

“Now, they are coming to this realization [that they are too reliant on Russia] and now they are also admitting it in public, but now it’s too late,” Dirsus said.”

Gasoline is up and GOP sees an easy target: Biden

Posted on by Lone Candle

“It’s an old tactic employed by opposition parties to blame sitting presidents when fuel prices rise on their watch — and one that Republicans unsuccessfully tried to wield against Barack Obama during a recovering economy a decade ago. This time, they are pointing to Biden’s ambitious climate change plans, his pause on leases for new oil wells on federal lands, and his cancellation of the permits for the Keystone XL pipeline as the culprits, although none of those steps have had any immediate impact on what motorists pay at the pump.

Experts largely agree that the White House usually has little to do with short-term moves in gasoline prices, which are a factor of global oil prices, U.S. refinery operations, and — especially this year — a sharp jump in demand from drivers as people emerge from lockdowns and travel resumes.

But that hasn’t kept the narrative from spreading across conservative media, where pundits are drawing comparisons to the Jimmy Carter administration, and trickling down to viral social media posts pinning gas prices to Biden’s climate agenda.”