{"id":63491,"date":"2022-09-11T10:59:28","date_gmt":"2022-09-11T15:59:28","guid":{"rendered":"https:\/\/olduvai.ca\/?p=63491"},"modified":"2022-09-11T10:59:28","modified_gmt":"2022-09-11T15:59:28","slug":"europe-is-facing-energy-disaster-and-its-going-to-bleed-over-into-the-us","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=63491","title":{"rendered":"Europe Is Facing Energy Disaster And It\u2019s Going To Bleed Over Into The US"},"content":{"rendered":"
\n

Europe Is Facing Energy Disaster And It\u2019s Going To Bleed Over Into The US<\/a><\/h3>\n<\/header>\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\n
\"\"<\/div>\n<\/div>\n<\/div>\n
\n
\n
\n

Though the situation is ever changing, currently the Russian government has announced an official shutdown of ALL natural gas exports to Europe through the Nord Stream 1 pipeline and plans to\u00a0maintain the shutdown<\/a>\u00a0until the EU ends its economic sanctions over the war in Ukraine. This means that around 40% of Europe\u2019s energy resources are now gone, with supply chain issues surrounding the other 60% and prices skyrocketing for households and businesses.<\/p>\n

Back in March in an article titled\u00a0\u2018The Biggest Lies (So Far) Surrounding Russia And Ukraine\u2019<\/a>\u00a0I noted that:<\/p>\n

\u201c\u2026There\u2019s something else the media does not talk about much, which is Europe\u2019s reliance on Russian oil and natural gas. If you want to see actual price inflation caused by Russia, let the EU ban Russian oil imports, or watch as Putin cuts off the supply. Europe is dependent on Russian oil and gas for about 40% of overall energy production. They cannot even survive a single year without it. If Russia retaliated and blocked energy exports to Europe, the the EU would have to siphon oil from many other countries, reducing global supply dramatically. This would cause gas prices to explode to double or even triple current levels.\u201d<\/strong><\/p>\n

Back in April of this year in my article\u00a0\u2018The Media Is Ignoring These Two Events Which Could Cause Economic Collapse\u2019<\/a>\u00a0I predicted that:<\/p>\n

\u201c\u2026The Russian economy is not about to fold anytime soon, and now the EU, which is reliant on Russian oil and gas exports for 40% of their energy needs, is about to face economic doom unless they submit to paying for energy in rubles (which they won\u2019t) or find a replacement source for gas and oil (which is impossible)…<\/strong><\/p>\n

\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/section>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Europe Is Facing Energy Disaster And It\u2019s Going To Bleed Over Into The US Though the situation is ever changing, currently the Russian government has announced an official shutdown of ALL natural gas exports to Europe through the Nord Stream 1 pipeline and plans to\u00a0maintain the shutdown\u00a0until the EU ends its economic sanctions over the […]<\/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":[2,3,5],"tags":[6703,5993,265,33123,279,281,284,328,538,32978],"class_list":["post-63491","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-2","category-geopolitics","tag-alt-market","tag-brandon-smith","tag-energy-crisis","tag-energy-price-inflation","tag-eu","tag-europe","tag-european-union","tag-fossil-fuels","tag-money-printing","tag-price-controls"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63491","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=63491"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63491\/revisions"}],"predecessor-version":[{"id":63492,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/63491\/revisions\/63492"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=63491"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=63491"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=63491"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}