old salt wrote: ↑Tue Feb 22, 2022 3:06 pm
MDlaxfan76 wrote: ↑Tue Feb 22, 2022 10:08 am
Kismet wrote: ↑Tue Feb 22, 2022 10:03 am
German Chancellor Scholtz just put a hold on Nordstream 2 pipeline. Seems like a significant move.
Indeed, the best possible signal that the west will stand together.
That they appear more resolved, quicker to act, than even the US is an interesting signal. The UK's sanctions are not remotely as important, but a good step. And ahead of us.
Putin's speech last night should freak out anyone paying attention.
But we're behind in our actions in response.
That may well be a coordinated plan...or not. Hard to tell.
It's not that significant (yet), so long as it still exists. It's just a matter of timing.
Germany retains the option of turning it on, as part of a negotiated settlement.
It's not in use yet. If natural gas flow through Ukraine is disrupted, the EU will be squeezed too.
Yup, and I think we should anticipate that Germany and the rest of Europe will ease off gas taxes that push their costs at the pump so much higher than ours. We'll likely reduce our own taxes, too.
I think Nordstream is officially dead, won't be resurrected absent a total withdrawal by Putin, and I'm not holding my breath on that one. Remember, Germany never had a choice once we made clear that we'd sanction any bank that did business with anyone moving that gas through that pipeline. Glad to see them move fast, but they really had no choice. Might well have been coordinated.