{"id":38241,"date":"2018-09-25T07:53:50","date_gmt":"2018-09-25T12:53:50","guid":{"rendered":"http:\/\/olduvai.ca\/?p=38241"},"modified":"2018-09-25T07:53:50","modified_gmt":"2018-09-25T12:53:50","slug":"trump-folds-on-nordstream-2-because-logic","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=38241","title":{"rendered":"Trump Folds on Nordstream 2 Because \u2026 Logic"},"content":{"rendered":"<header class=\"entry-header\">\n<h3 class=\"entry-title\"><a href=\"https:\/\/tomluongo.me\/2018\/09\/21\/trump-folds-nordstream-2-logic\/\">Trump Folds on Nordstream 2 Because \u2026 Logic<\/a><\/h3>\n<\/header>\n<div class=\"entry-content\"><iframe loading=\"lazy\" src=\"https:\/\/widget.spreaker.com\/player?episode_id=15775147&amp;theme=light&amp;playlist=false&amp;playlist-continuous=false&amp;chapters-image=true&amp;autoplay=false&amp;live-autoplay=false&amp;episode_image_position=right&amp;hide-likes=false&amp;hide-comments=false&amp;hide-sharing=false&amp;hide-logo=false\" width=\"100%\" height=\"200px\" frameborder=\"0\" data-mce-fragment=\"1\"><\/iframe>Since its first announcement I have been convinced the Nordstream 2 pipeline would be built.\u00a0 I have followed every twist of this story from my days writing for Newsmax.<\/p>\n<p>And the reason for my confidence can be summed up in one word.\u00a0 Money.<\/p>\n<p>Nordstream 2 simply makes too much economic sense for any amount of political whining from the U.S. and Poland to stop it.\u00a0 Poland has no power within the European Union.<\/p>\n<p>Germany does.\u00a0 And while I\u2019m no fan of Angela Merkel getting another political weapon to hold over the heads of the Poles, their attempts to derail the project were always going to end in tears for them.<\/p>\n<p>And so now Poland and the U.S. cried a lot of crocodile tears recently when President Trump finally acceded to reality and ended the threat of sanctioning five of the biggest oil majors in the world over doing business with Gazprom over Nordstream 2.<\/p>\n<p>Nordstream 2\u2019s investors are Uniper, OMV, Wintershall, Royal Dutch Shell and Engie.\u00a0 After all the permits were issued and construction begun the only thing that could stop Nordstream from happening was these five companies folding to U.S. pressure and backing out of the project by calling in their loans to Gazprom.<\/p>\n<p>And when they were unwilling to do that, Trump had to fold because you can\u2019t cut these companies out of the western banking system and starve them of dollars and euros without an extreme dislocation in oil prices and global trade.<\/p>\n<p>Bluff called.\u00a0 Nordstream 2?\u00a0 Holding Aces.<\/p>\n<p>Trump?\u00a0 Holding two-seven offsuit.<\/p>\n<p><strong>Lack of Polish<\/strong><\/p>\n<p>The big loser here is Poland unless they come down off their Russophobic high horse.<\/p>\n<p>Why is Nordstream 2 so important to Poland?\u00a0 Because it forces Poland into choosing between two things the current ruling Law and Justice Party doesn\u2019t like.<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Trump Folds on Nordstream 2 Because \u2026 Logic Since its first announcement I have been convinced the Nordstream 2 pipeline would be built.\u00a0 I have followed every twist of this story from my days writing for Newsmax. And the reason for my confidence can be summed up in one word.\u00a0 Money. Nordstream 2 simply makes [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[3,5],"tags":[7844,281,21273,21872,694,21871,827],"class_list":["post-38241","post","type-post","status-publish","format-standard","hentry","category-energy-2","category-geopolitics","tag-donald-trump","tag-europe","tag-gold-goats-and-guns","tag-nordstream-2","tag-russia","tag-tom-lounge","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38241","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=38241"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38241\/revisions"}],"predecessor-version":[{"id":38242,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/38241\/revisions\/38242"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=38241"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=38241"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=38241"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}