Meathead
Diamond Member
Why would the Russians use that chip now? Putin is not a stupid man.
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OAO Gazprom (OGZD)s threat to end natural gas discounts for Ukraine adds to the financial burden on the near-bankrupt government in Kiev and makes Europes energy supply part of the escalating crisis.
Russias gas-export monopoly said on March 1 it may end last years agreement to supply Ukraine at a cheaper rate unless its paid $1.55 billion owed for fuel.
Its the first time since the overthrow of pro-Moscow president Viktor Yanukovych last month that Russia has directly used its position as Ukraines dominant energy supplier to pressure the new regime.
Vladimir Putin, who has permission from Russian lawmakers to deploy troops to Ukraine, has repeatedly used gas to strong-arm his western neighbor, cutting off supplies twice since 2006 over payment disputes.
Because Ukraine hosts a network of Soviet-era pipelines that carry more than half of Russias gas exports to the European Union, any disruption of supply puts the regions energy security at risk.
Waaaaaaaaay waaaaaaaaaaaaaay more at link.
Russia Gas Threat Shows Putin Using Pipes to Press Ukraine - Bloomberg
Why should he? Who is going to stop him?
Exactly. Nobody is going to stop Putin.
Oh my! Your hero is invincible!
I think he'll play chicken.
I think that he will too, I do think that he wants all or part of Ukraine. Whatever the name of that naval station in Crimea is Sevastopol - Wikipedia, the free encyclopedia, it's important to his Navy (access to the Mediterranean thru Turkey). Black Sea Fleet - Wikipedia, the free encyclopedia
It may or may not backfire on him though. Can he afford to be cut off from the West economically and diplomatically? If so, at what cost? Notice on of the first things that were discused was Russia's status in the G8.
I think he'll stay his hand with Crimea. He's not going to let that naval base fall into the hands of the serious anti Russian government in Kiev. No way in hell.
Crimea has a vote on strengthening their autonomy coming up. And they are seriously pro Russian.
I don't think he wants to bother with the rest of the Ukraine. It doesn't benefit Russia.
Crimea though as we've been talking is a whole different story and that's why he made the move when he did.
Not pro Putin but I can understand why he did what he did.
Not one shot fired.
I think he'll play chicken.
I think that he will too, I do think that he wants all or part of Ukraine. Whatever the name of that naval station in Crimea is Sevastopol - Wikipedia, the free encyclopedia, it's important to his Navy (access to the Mediterranean thru Turkey). Black Sea Fleet - Wikipedia, the free encyclopedia
It may or may not backfire on him though. Can he afford to be cut off from the West economically and diplomatically? If so, at what cost? Notice on of the first things that were discused was Russia's status in the G8.
Putin is also not the only person with power in Russia. What Putin is willing to do to keep Crimea is not necessarily what the rest of Russia is willing to do.
Unless you want to pay $10.00 a gallon here in the U.S., you better hope it doesn't happen.So when does Russia cut off gas supplies to the Ukraine and the EU?
.
Crude is up $2.16 today on Wall Street. This could happen every day for the next three months or more if things escalate. That would make $10.00 a gallon gas a low ball figure.
Why should he? Who is going to stop him?
Exactly. Nobody is going to stop Putin.
Oh my! Your hero is invincible!
Why would the Russians use that chip now? Putin is not a stupid man.
I think that he will too, I do think that he wants all or part of Ukraine. Whatever the name of that naval station in Crimea is Sevastopol - Wikipedia, the free encyclopedia, it's important to his Navy (access to the Mediterranean thru Turkey). Black Sea Fleet - Wikipedia, the free encyclopedia
It may or may not backfire on him though. Can he afford to be cut off from the West economically and diplomatically? If so, at what cost? Notice on of the first things that were discused was Russia's status in the G8.
Putin is also not the only person with power in Russia. What Putin is willing to do to keep Crimea is not necessarily what the rest of Russia is willing to do.
Um... the entire parliament unanimously supported Putins invasion....
Unless you want to pay $10.00 a gallon here in the U.S., you better hope it doesn't happen.So when does Russia cut off gas supplies to the Ukraine and the EU?
.
That's why sanctions won't be used against Russia. The EU isn't interested in that kind of sacrifice. When is Russia going to tell us that the space station is off limits and we need to find our own way home?
That's why sanctions won't be used against Russia. The EU isn't interested in that kind of sacrifice. When is Russia going to tell us that the space station is off limits and we need to find our own way home?
I hadn't even thought of that scenario.
I think that he will too, I do think that he wants all or part of Ukraine. Whatever the name of that naval station in Crimea is Sevastopol - Wikipedia, the free encyclopedia, it's important to his Navy (access to the Mediterranean thru Turkey). Black Sea Fleet - Wikipedia, the free encyclopedia
It may or may not backfire on him though. Can he afford to be cut off from the West economically and diplomatically? If so, at what cost? Notice on of the first things that were discused was Russia's status in the G8.
I think he'll stay his hand with Crimea. He's not going to let that naval base fall into the hands of the serious anti Russian government in Kiev. No way in hell.
Crimea has a vote on strengthening their autonomy coming up. And they are seriously pro Russian.
I don't think he wants to bother with the rest of the Ukraine. It doesn't benefit Russia.
Crimea though as we've been talking is a whole different story and that's why he made the move when he did.
Not pro Putin but I can understand why he did what he did.
Not one shot fired.
Not that this is any type of comparison but I don't think a shot was fired when Iraq went into Kuwait, or Germany into Poland for that matter. Those "Mission Accomplished" banners have a way for smothering the people standing under them.
This is going to be like watching a game of "chicken" on a global scale. They turned off the taps to the Ukraine in 2006 and 2008 for non payment. The stakes are higher by far over Crimea.
The EU gets one quarter of its supply from Russia as well. Ruh roh.
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Russian monopoly on natural gas - Europe:
Timchenko challenges Gazprom's gas export monopoly: Forbes | Reuters(Reuters) - Gennady Timchenko, co-owner of Russia's No.2 gas producer Novatek (NVTK.MM), questioned Gazprom's (GAZP.MM) monopoly on gas exports and said Novatek was lobbying for changes in the law to be able to export itself, Forbes magazine reported.
Novatek is forced to sell the gas it produces only in Russia, where prices are regulated by the government, under the provisions of a 2006 law that gives state-owned Gazprom, Russia's largest gas producer, exclusive rights to sell gas abroad.
Timochenko said Novatek and Swiss-based trading house Gunvor, which he also co-owns, may join efforts in the gas business.
"Novatek wants to be present on the European gas market, while the Europeans want to see not only Gazprom there," he told Forbes in an interview published in the latest issue of the magazine.
_________________
Novatek is not included in that 25% supply, TD. Only Gazprom. Back 5 yrs ago Russian was supplying 40% of the natural gas according to one mainstream media news source. The monopoly on gas is explained in the article. If the Russians control the natural gas in Europe they can control the people.
Russian monopoly on natural gas - Europe:
Timchenko challenges Gazprom's gas export monopoly: Forbes | Reuters(Reuters) - Gennady Timchenko, co-owner of Russia's No.2 gas producer Novatek (NVTK.MM), questioned Gazprom's (GAZP.MM) monopoly on gas exports and said Novatek was lobbying for changes in the law to be able to export itself, Forbes magazine reported.
Novatek is forced to sell the gas it produces only in Russia, where prices are regulated by the government, under the provisions of a 2006 law that gives state-owned Gazprom, Russia's largest gas producer, exclusive rights to sell gas abroad.
Timochenko said Novatek and Swiss-based trading house Gunvor, which he also co-owns, may join efforts in the gas business.
"Novatek wants to be present on the European gas market, while the Europeans want to see not only Gazprom there," he told Forbes in an interview published in the latest issue of the magazine.
_________________
Novatek is not included in that 25% supply, TD. Only Gazprom. Back 5 yrs ago Russia was supplying 40% of the natural gas according to one mainstream media news source. The monopoly on gas is explained in the article. If the Russians control the natural gas in Europe they can control the people.