LSU-SIU
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We pretty much agree here.
We're going to have to wait see how the winter pans out on the economic front. I would say some of the sanctions might end up doing damage to Russia's economy on the lower level, but at the end of the day the goods and materials people need will still be sold and probably at a markup. ???? The immediate damage is obviously to Europe itself. I don't know how an energy dependent business (especially one that relies on exports) could be operating in Europe now. If energy double or triples from here, well, I would say Europe would have a hard time surviving in its current form. Civilization runs off of cheap credit and cheap energy. (I am not predicting that per se though)
European NatGas Prices Soar As Moscow Tightens Screw On Supplies Via Nord Stream
News that Russia's energy giant Gazprom PJSC halted Nord Stream 1 pipeline flows to Europe sent natural gas prices soaring. European governments are preparing for a worsening energy crisis and the increasing probability of rationing.
Benchmark EU NatGas futures jumped as much as 35%, and electricity prices across the bloc soared. The unexpected cutoff also sent European equities into a downward spiral -- the euro hit a two-decade low.
If the purpose is for Europe to destroy itself than all this makes sense, otherwise.... not so much.
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