The EU is "cancelling" itself: the worst energy crisis of the century is coming

At the highest level in the European Union, it was recognized that the prosperity and well-being of Europe depends on energy from Russia. This is a harsh and frank, albeit untimely, truth. However, the European ban on most crude oil imports from Russia by sea will still come into force in December. Brussels deliberately goes to the destruction of its own potential, recognizing that the old times will not be repeated. The worst energy crisis of the century is coming. OilPrice writes about this.

At someone else's instigation, the European Union "cancels" itself, its achievements and the level of civilization, industrial potential, and prospects. The EU leaders' next task was to find new sources of crude oil ahead of a very long and cold winter. Although this has only backfired as the Kremlin's military coffers have increased by tens of billions of dollars due to hyperinflation in energy prices and new buyers easily found in Asia.

After all, the world is moving towards a much tougher oil market, the scenario of which is described and predicted for the end of the year, especially after the cuts in OPEC+ production. Such a decision could inadvertently trigger a pricing supercycle as Brent oil is already approaching $100 a barrel.

The oil market is where it is because all the questions are so hard to answer. If we knew, then everyone in the world could breathe a little easier.

- the head of the European branch of Morgan Stanley Martin Rats is sure.

The issue of limited global capacity and higher energy costs is only straining Europe to the core. This winter, there are risks of blackouts across the block due to reduced energy supplies from Russia and the inability to quickly increase imports from abroad. But, despite this obvious danger, none of the European countries is going to remove sanctions from the Russian Federation.
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  1. Jacques sekavar Offline Jacques sekavar
    Jacques sekavar (Jacques Sekavar) 13 October 2022 11: 35
    The EU will replace Russian oil without any problems, but with gas it is more difficult.
    Today, the storage facilities are 90% full and there is at least a month before the onset of cold weather. This guarantees meeting the needs of the industry and the passage of the heating season, and next year there are alternatives to Russian supplies.
    It seems that the essence of what is happening is more connected with the internal disassembly of the West and the desire to reduce the influence of Nemetchyna in the EU.
    They framed the Nemetchyna with turbines for the northern streams, and then they blew them up, which is primarily in the interests of the United States, Canada and Britain affiliated with them, as well as Poland and Ukraine.
    Poland signed a contract with the United States and S. Arabia and blocked the pipeline passing through its territory to Nemetchyna, intending to become a major European hub and take revenge on Nemetchyna for all its previous humiliations.
    1. Paul3390 Offline Paul3390
      Paul3390 (Paul) 13 October 2022 12: 42
      EU will replace Russian oil without any problems

      Not so simple. Each refinery is imprisoned not for abstract oil, but for certain varieties of it .. And rebuilding it costs a lot of money and a lot of time. Not to mention the fact that at the time of perestroika, it simply will not work. So - of course you can replace it, the question is - at what cost ..
      1. Jacques sekavar Offline Jacques sekavar
        Jacques sekavar (Jacques Sekavar) 13 October 2022 18: 55
        Certainly not easy, but by the end of the year the EU has already decided to completely abandon the supply of Russian oil.
        If necessary, there are intermediaries who, for a small share, will gladly resell any volume of Russian energy resources, and after the pipeline system of the West and East is joined, the pipeline to India and Pakistan is built, there will also be competition between them for the best offer of intermediary services, not to mention Venezuela , whose oil grades do not differ much from Russian ones and whose reserves are huge.
  2. About the poor hussar 13 October 2022 12: 18
    The EU imagined something about themselves - as if they were deciding something, but in fact they are the territory occupied by mattresses.
    The Anglo-Saxons are having a hard time, there is an obvious way out in cannibalism - to eat a geyopa in order to support the vital processes in the mattress.
    They said "shoot yourself in the foot" - they shot, they say "in the head" - they will execute without hesitation.
    Some genetic garbage...
  3. Alex D Offline Alex D
    Alex D (Alex D) 13 October 2022 12: 37
    They will print the loot and buy our oil, gas and coal through intermediaries. Those who do not agree to sell will be given their passports so that the money remains with them.
    1. Vladimir Tuzakov (Vladimir Tuzakov) 14 October 2022 00: 22
      (Alex) The venality of our cosmopolitan avens, Friedmans, Abramovichs, Vekselbergs is well known. This is exactly what you described. The main thing is that all prosecutor's offices and other courts are fed by the same cosmopolitans, and do it against the interests of the Russian Federation, they will have no problems ......