I agree with Tom, this Putin guy is pretty stupid. Putin’s a real piece of work — typical of the macho-man goon you get from the Gap. Idi Amin wrecked Uganda, Poppa Doc made sure that absolutely nothing positive happened in Haiti. Putin’s right out of this mold.
Cunning and crafty are not what comes to mind when I read this:
MOSCOW, Nov 12 (Reuters) – Russia may scrap its Baltic Sea gas pipeline project, Nord Stream, and build gas liquefaction plants instead if Europe keeps delaying the pipeline, Russian Prime Minister Vladimir Putin said on Wednesday.
“Europe must decide whether it needs this pipeline or not,” Putin told Finland’s Prime Minister, Matti Vanhanen, at a meeting in Moscow.
“If you don’t we will build liquefaction plants and send gas to world markets, including to European markets. But it will be simply more expensive for you. You are free to make the calculations yourself,” he added.
The European Union has identified the plan to pump Russian gas under the Baltic Sea by to Germany — involving Russia’s Gazprom (GAZP.MM: Quote, Profile, Research, Stock Buzz), Germany’s E.ON EONG.DE and BASF (BASF.DE: Quote, Profile, Research, Stock Buzz) and Dutch Gasunie — as a key project to ensure secure gas supplies for Europe.
But EU lawmakers have called for a new investigation into the pipeline’s environmental impact and it has been criticised by Poland, Lithuania and Estonia, angered at being shut out of a leading gas supply route.
But what do you think his real motive is? Haha.
Bloomberg calls Putin’s latest move, a partial currency devaluation is clumsy. I agree.
We should be doing what we can to encourage a default by Russia, including looking at ways of limited Russia’s earnings of hard currency, potential nationalization of Russian industries (that is Gazprom assets) abroad, and so on.
Whether you say that Putin’s Russia is a comatose regime on life support or merely on an IV drip, it’s pretty clear that we have a Gap state operating on braindead form of autopilot which is aggressive to the extent it can afford to be, determined by oil and natural gas prices.