They have to build the infrastructure for that first, gas pipelines are not easy to move.Not militarily. Russian gas will flow to china. Any sanctions won't affect Russia as greatly as before. There's are a few countries creating their own bloc.
Russia is building huge amounts of infrastructure. Also what basically equates to an artic "silk road".They have to build the infrastructure for that first, gas pipelines are not easy to move.
All these squabbles are minor in my opinion compared to the long term trend of growing co-operation and trade, it’s a side show.
Its ok, these inflationary things are only transitory.Sounds as though inflation is firing up in Europe.
From the article:Europe’s soaring inflation is driving the latest protest convoy: tractors
In Greece’s rural heartland, tractors have become a symbol of anxiety. Now they’ve started forming truck-style protest convoys.www.smh.com.au
Tyrnavos: In Greece’s rural heartland, tractors have become a symbol of anxiety.
For weeks, they have been parked along the country’s highways, their owners threatening to block traffic. Farmers are desperate for additional financial aid to cope with surging energy prices that are pushing up their costs for fuel and fertiliser, posing a sudden threat to their livelihoods.
“Take fertiliser. Last year, we were paying €500 [$788] a ton. Now, it’s as if we’re buying a piece of land. It’s €1700 to €1800,” said Dimitris Kakalis, a 25-year-old farmer from central Greece who has joined the protests.
The spike in energy prices and its ripple effects, he says, touch every part of his vineyard and peach grove business — it costs more for gasoline needed for farming machinery, electricity to power irrigation pumps and weed killer.
“At these [prices], we’re headed for ruin,” he said.
The sting of high energy prices — which are driving decades-high inflation numbers — is being felt across Europe and around the world, piling financial stress on governments, businesses and households. Countries are scrambling to address expensive utility bills and rising prices for food as farmers and supermarkets pass along their costs to customers, many of whom are facing a cost-of-living crisis.
We're opening up now, John. The road ahead will brighter............surely we can't get worse can we?Just been speaking to one of the prominent 'auctioneers and valuers', said, sadly, business is booming. A lot of businesses have reached the limit, doors are closing, creditors are moving in, equipment is being auctioned off. Pubs, cafe's, fast food shops, even franchises.
What does this mean?
According to some - There is a multi-faced economy; struggling stores can't put prices up as much as they need, unemployed and under-employed can't don't have the buying power. Then you have the other side with people having built up a nice stash of cash over the Covid lockdowns, ready to spend but few opportunities for various reasons including supply shortages. those supply shortages caused by slow production and slow and expensive shipping have not been felt in full yet, again because of Covid limiting buying opportunities and struggling business unable to pass on the full costs.
Soon the cork will be released, ships will be rolling in and unloading, manufacturing will be at full production. There could be an oversupply problem and dampened demand due to low wages.
However, this scenario also opens up a lot of opportunity for the cashed up entrepreneur and young business minded people; take over and modernise.
All part of the inflationary cycle.Someone had commented Eastleigh that they were surprised by the lack of industrial action that workers were taking... Well, Sydney trains were halted today due to an industrial dispute, and last Tuesday we had nurses on strike...
Or the election cycleAll part of the inflationary cycle.
No better time to push for a pay rise, especially when there is a Liberal Govt in office.Or the election cycle
As an observation - pretty much nobody seems worried about costs these days.No better time to push for a pay rise
Yes smurf the days days of somebody has to pay for this, what about the debt etc, seems to be long gone.As an observation - pretty much nobody seems worried about costs these days.
Government, business, consumers - money's no object it seems. Government and business just spends whatever it costs and to considerable extent consumers seem to be throwing money around too.
That is what happens when fiat currency become worthless.money is...what you value it for..just a sign on a screen or a dirty paper bill until it is swapped for something real:work, food ,stuffs.Yes smurf the days days of somebody has to pay for this, what about the debt etc, seems to be long gone.
Well it certainly will be interesting to watch how they address all the debt, in a believable manner, I think people are realising that fiat money is like monopoly money and as you say are just trying to convert it into something useful.That is what happens when fiat currency become worthless.money is...what you value it for..just a sign on a screen ir a dirty paper bill until it is swapped for something real:work, food ,stuffs.
The devaluation ( in term of society values) of money has deep implications economically..why bother gathering more than your day to dzy needs? And see it seized by a gov or being inaccessible at the ATM? As for savings ..
Power of Siberia 1, a gas pipeline from Russia to China, opened in 2019 and already there are plans to build Power of Siberia 2 as a duplicate.chances are Russia can sell the gas elsewhere at higher prices than the existing German contract
Russia doesn't have to do anything about the gas
Russia is patiently waiting for the Germans to CERTIFY Nordstream 2 before passing gas through it , it COULD pump gas before certification but that would run litigation risk , but have decided the EU legal system is rather partisan rather than pragmatic
that certification might take years but chances are Russia can sell the gas elsewhere at higher prices than the existing German contract
Looks like the Germans have said NO to Russian gas
Germany halts Nord Stream 2 approval – DW – 02/22/2022
German Chancellor Olaf Scholz has said the gas pipeline project cannot go ahead now in these crisis circumstances. He said the approval process has been halted.m.dw.com
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