Russia’s Ukraine ambitions could cause a global energy crisis

As the tensions on Ukraine’s border with Russia ratchet up they are increasing the prospect of severe energy shortages in Europe that could spill over into a global surge in already-high energy prices.Europe is heavily dependent on Russia for its oil and gas.The oil prices is at seven-year highs, above $US87 a barrel, as OPEC and its associates struggle to recover the output they cut in response to the outbreak of the pandemic in 2020.

There was a Russian influence on Europe’s gas shortages last year. The effects of a dearth of wind in the North Sea that reduced supply from offshore wind farms and low storage levels were exacerbated by reduced supply from Russia, the source of about 40 per cent of Europe’s gas.

Europe’s reliance on Russian oil and gas gives the Russians a bargaining chip to try to keep Europe on the sidelines and to create division within Europe. The US has lifted exports of LNG to Europe and is encouraging LNG exporters like Qatar to boost supply to Europe and China, awash with gas after last year’s binge, is offering spot LNG cargos.

US shale oil and gas production is already responding to the higher prices – it has displaced Australia as the world’s biggest LNG exporter – and a sector with in-built flexibility will inevitably respond further if the current prices are sustained.

Fake indignation from the west. The double dealing has been done

The US are stirring the pot in like they did in the middle east.

'Russia’s Ukraine ambitions' - 😅 On par with 'Australia's China ambitions'. Your reporting is a lame. Anyone with enough interest in the matter to look into backgrounds and developments must inevitably come to the conclusion that SMH is a run-of-the-mill propaganda rag.

If Ukraine falls to the US led NATO, Moscow will have US troops stationed a mere 6 hour drive away. Putin has good reason to defend Russia and is no fool.

Jesus, talking points straight from the US State Dept.

What is US Ukraine ambitions?.. considering they backed the overthrow of its elected government & sent weapons..

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

US troops on high alert over Ukraine as NATO outlines Russia 'deterrence' planThe NATO alliance outlines potential troop and ship deployments, the UK says it will withdraw diplomats from Kyiv, and Ireland denounces upcoming Russian war games off its coast as unwelcome. dusting off the old Russian bogeyman script? Election Incoming! Bidens ratings have tanked , a war is always good for ratings . Can’t Europe for once fight their own wars .
Source: abcnews - 🏆 5. / 83 Read more »

Australians warned to leave Ukraine as fears grow over RussiaThe US President will hold crisis talks with European leaders this morning, amid fears Russia is set to invade Ukraine. CGreenbank9 9News DETAILS:
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Australians warned to leave Ukraine as fears grow over RussiaBREAKING: The Australian Government has updated its travel advice and also directed dependants of embassy staff in Kyiv to leave, 'reflecting the increased risk of armed conflict'. 9News We’re taking that approach? But only if you’re triple vaccinated.
Source: 9NewsAUS - 🏆 10. / 72 Read more »

Russia Ukraine conflict: NATO Allies sending ships, fighter jets to eastern EuropeBREAKING: NATO says it's sending additional ships and fighter jets to eastern Europe amid Russia's troop build-up near Ukraine. 9News 9NewsSyd For those bitcoin and any other coins lovers isn't useful to keep your bitcoin in your wallet or trading in binace won't earn you much profits likewise what I'm earning today Get a trusted bitcoin expert like tyron_robert7 who's been doing great with his company through bitcoin What's the fuss with NATO warmongers? Ukrainian is not part of NATO. Russia Army are in Russia. We are still trying to find a way out of CV-19 crisis, yet now Pocking a bear 🐻 who has more than 4000 + nuclear warheads..? I guess the whole of covid-19 was a nothing burger More of a dream come true creating multiple sources of incomes through bitcoin. Truly proud of the decision of getting started with the help of mr tyron_robert7 thanks allot for your effort been given...
Source: 9NewsAUS - 🏆 10. / 72 Read more »

US orders families of Ukraine embassy staff to leave with fears Russia will invadeThe move comes amid rising tensions about Russia's military buildup on the Ukraine border that haven't eased following talks between Secretary of State Antony Blinken and Russian Foreign Minister Sergey Lavrov. The Democrats love a good war, don't they. Quick abc run the AUSTRALIA is going to war stories to scare the public into not changing government EU should not let the US negotiate with the RUS for them. The US will not pay a hefty price if there's a war, on the other hand, the EU will.
Source: abcnews - 🏆 5. / 83 Read more »

Ukraine in ‘precarious position’ as Russia readies troops at borderPeterDutton_MP There's that Fukin DOG Barking again PeterDutton_MP PeterDutton_MP Tom tom Dutton. Who ignores US has said it won't go to war over Ukraine. Germany has chosen not to send weapons. COVID19 auspol
Source: SkyNewsAust - 🏆 7. / 78 Read more »