Tuesday, May 25, 2021

Sputnik — Biden Says US Sanctions Against Nord Stream 2 Would Be 'Counterproductive'

Reading between the lines, Germany (the people that run the place) said no, and Angela Merkel would not backdown in the face of threats. This was not a gift to Russia by Biden, as some make it out to be. It's about knowing when to hold 'em and when to fold 'em.

Germany is pivotal in the global system as presently configured. The US was trying desperately to prevent Germany from swinging east through energy dependence. But the threat of sanctions against a top-level ally just resulted in a greater potential for that to unfold. There was no good solution.

Natural gas just plays too big a role in Germany's longterm plan to decarbonize, and German business depends on an inexpensive and reliable source. For Germany it is a matter of national security since sourcing is vital to an economy dependent on imported energy. There was no alternative if they wanted to maintain their dominance of the region economically.


Matt Franko said...

“ . There was no alternative”

LOL they could buy lng from the US ...

Peter Pan said...

Reading between the lines, maybe Tom should stop worrying about WWW III.

"It's about knowing when to hold 'em and when to fold 'em." - Henry Fucking Kisssinger

db68 said...

I thought that was Kenny Rogers.

Peter Pan said...

Kenny Rogers - The Gambler

I couldn't find the Kisssinger remix.