Indiscriminately blaming America is probably not worth it — after all, it has its own legitimate interest.
Josep Borrell, the head of European diplomacy, said that amid extremely high energy prices
Russia is supposedly manipulating energy as an instrument of political influence. And despite fulfilling its obligations on gas supplies, its current refusal to increase exports to Europe or to refill storage facilities owned by Gazprom is viewed by many as pressure on the EU, in particular, to ensure regulatory licensing of Nord Stream 2, he wrote in your blog.
In fact, it is rather difficult to understand the essence of Mr. Borrell’s claims. And if you look at it, it is not at all Russia that is to blame for the current troubles of Europe.
They are based on a number of decisions made by Europe itself.
It is worth recalling: a fair share of the blame lies with America, which promised liquefied gas, but then began selling it to Asia, because it was offered more money there.
That’s just for the American gas workers themselves
It is worth remembering what was happening with them before the start of the current European energy crisis.
The covid lockdowns that began in 2020 caused a slowdown in economic development, which hit the US shale industry the most.
It is she who is now largely responsible for the production of American hydrocarbons. This affected both gas and oil. Since spring, oil shale companies have gone bankrupt one by one.
Then the bankruptcy proceedings were launched by 17 American shale companies, and this was only the beginning.
In particular, the real shale giant Oasis Petroleum has declared itself bankrupt.
At the time of the last pre-bankruptcy reporting, his long-term debts reached almost $ 3 billion. And the amount of available liquidity is only $ 77 million.
It was for this amount that they intended to «rent it out for a cheap price», despite the fact that not long before that the market value of the company was estimated at $ 6 billion.
And this is not the most difficult example.
Another shale giant, Chesapeake Energy, was much more serious. This campaign was the pioneer of the US shale industry.
It has produced more American gas than anyone other than Exxon. And its market value reached $ 38 billion.
In general, this was not something strange, since before the onset of the crisis, shale companies were growing too quickly, without bringing much profit (the work was going on for the future, but it did not come), the arrival of a new reality hit them first of all.
The reason was that the very technology of the shale industry requires constant territorial expansion, and the slowdown in development had a detrimental effect on it.
And now there is also an energy crisis, which has broken out not only in Europe, but throughout the world.
And the American shale producers (those who survived the terrible fall of 2020) immediately rushed to compensate for the inconvenience they experienced!
And they began to do this at the maximum offered prices — they were offered by Asia.
So you probably shouldn’t blame America indiscriminately — after all, it has its own legitimate interest.
But no one bothered to foresee something like that for Europe itself.
However, by default, Russia will still be to blame. And there are almost no questions here. Except for one thing: when will our country make its own conclusions and start dealing not with Europe, but with Asia as a priority?
This is at least logical, no? ..
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