Edition: International | Greek
MENU

Home » EU Actually

Winter is coming

There is a persistent form of denial of the seriousness of the energy crisis, especially among Western leaders

By: N. Peter Kramer - Posted: Wednesday, June 29, 2022

"Even though the summer has yet to really start, we seriously have to prepare for a hard winter".
"Even though the summer has yet to really start, we seriously have to prepare for a hard winter".

N. Peter Kramer’s Weekly Column

There is a persistent form of denial of the seriousness of the energy crisis, especially among Western leaders. At the G7, they boldly decided that there should be a mechanism whereby we will stop sky-high rising prices and pay less to Russia for its oil and gas. It looks like these leaders have the illusion that they have control over energy prices . They assume that Putin is a rational person who would rather sell us oil and gas at a lower price than not sell it to us.

It is a conjuncture steeped in wishful thinking. Everything indicates that the Russian president is less a homo economicus than an experienced poker player. He is prepared to turn off the taps towards Europe more and more. Also because he found some big energy enthusiasts elsewhere in the world: China, India and Indonesia for instance.

Even though the summer has yet to really start, we seriously have to prepare for a hard winter. Western leaders, equally stalwart, have promised Ukraine as much support and weapons as it takes to counteract Russian aggression. The CIA, experienced in ‘secret’ (but not always successful) interventions, is already active in Zelensky’s country. That almost means we can talk about a protracted war. But the conflict can only come to an end if the Russians have been driven behind the borders before February 24. And who believes that this target can be achieved before the winter?

READ ALSO

EU Actually

Britain trapped in EU-US trade war

N. Peter KramerBy: N. Peter Kramer

The UK finds itself caught in a transatlantic trade war between the European Union and the United States

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

Bulgaria fumes at Rutte’s ‘offensive’ Schengen comments

Bulgaria fumes at Rutte’s ‘offensive’ Schengen comments

Bulgaria’s president and caretaker ministers snapped back at Dutch Prime Minister Mark Rutte for his comments about crossing the Bulgarian border with a €50 bribe

Business

Innovative start-up scoops top Arctic award

Innovative start-up scoops top Arctic award

The International Polar Foundation has announced the winner of the first ever “Laurence Tran Arctic Futures Award” in recognition of efforts to build a “more sustainable future."

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2022. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron