Biden’s Baltic dreams shattered

June 19, 2022 | 3 Comments »

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  1. Germany Rations Gas Amid Russian Cuts, Mandates Return To Coal For Electricity Production

    As Germany braces for the cold reality that due to the sanction battle between Germany and Canada related to a replacement part required for the the Nordstream 1 Gas Pipeline to work, Germany’s Green Party led coalition govt is now responsible for calling to restart its coal powered electrical factories, proving that history sometimes provides the greatest sources of humor. The Green Party have only recently gained power, and had so badly sought to exploit the sanction war against Russia to achieve their green policy, only to instead be forced to return once more to the reliance on coal, the ultimate antidote to their green dimentia, LOL, this is very rich humor indeed.

  2. @Sebastien

    This is such a funny story.

    The practice of evading sanctions placed on Russia is something of a long con on the world, and is successful thru a process similar to money laundering, where oil is sold, shipped, resold, shipped again and then sold to a final purchaser, who buys Russian oil from third parties and, thus, evades the relevant sanctions but incurs steep costs while managing to avoid close inspection of the sourcing of the oil. The shippers and individuals facilitating the third party sales and the ‘cleaning’, as it were, of the Russian oil of its Russian sourcing, are the chief beneficiaries of this practice. The world needs Russian oil, and the simple reality is that there are few alternatives to this corrupt practice of smuggling Russian oil (beyond increase oil output from the US or others) which simply acts to increase the pricing of oil while enriching those who exploit the practice of the avoidance of sanctions. The smuggling is, in effect, taxing those who ultimately purchase the oil for use, to the benefit of the third parties involved, while also driving the world oil price higher and higher. The Estonians have recently suffered a 22% inflation rate, which has destabilized their govt. The notion that they would not take advantage of this potential revenue stream in face of their economic and now political dilemna is quite a fanciful dilusion. The irony of the situation lies in the Estonians berating Russia while pushing their support of ever greater sanctions, making legal Russian oil more expensive and more scarce and thus more lucrative for the smuggling of ilicit Russia oil for Estonia and her co-conspirators.

    Unlike what TNF is claiming, the motive is profit, not supporting Russia, but Russia gets her cut in this shell game. Lets look at who benefits. Russia sells her oil at a premium well over their profit level. Estonian sells the oil to a third party at a profit helping with their crazy uncontrolled inflation. The shipper(probably Greek) is well paid for his cooperation in obscuring the oil sourcing, to such an extent that tanker demands are still increasing as increased legal and illegal oil shipments both increase. Saudi Arabia (as in the TNF report but it could be any number of willing parties paid as middle men) receives the oil and then includes it in their own sales, increasing ‘their’ oil output – the oil is indistinguishable from their own unrefined oil and may be shipped in relabeled barrels or transferred into Saudi barrels as necessary to avoid any possible close inspections.

    Ultimately, the oil is sold to someone in Europe at a marked increase.

    A new wrinkle occured 3 days ago when the Nord Stream 1 gas line significantly reduced Russian gas deliveries to Germany by 60%(yikes). This was due to a refurbished part sent to Canada for repair being held due to sanctions against Russia. This radical drop in German import of Russian oil means they will fall far short of their plan to pre-buy this winter’s oil from Russia in time to not buy it over winter when it is scheduled to become a violation of sanctions to do so (there are currently waivers to the sanctions in place that will expire this winter so everyone has to pre-buy the Russian oil to be ready for the kabuki theatre this winter of not buying it then – quite a silly game). Germany is in a state of chaos due to this new reality and reacted by reducing oil being shipped out to several nations, and completely terminated all oil being shipped to France, so as to increase German oil supply. There is a great deal of pressure on Canada to break the sanctions and ship the repaired Russian part so Russia will restore oil shipments. The sanction war is in complete dismay over this, and has increased the need for ilicit oil shipments, which were already quite high before this. As I said, quite a funny story.