north stream gas supply to eu stopped indefinitely the flow will not be restored
on schedule due to a turbine failure gazprom says whoa this was their last option
20 gas flow was coming uh gas capacity flow was coming from the north stream
one pipeline was at 33 million cubic meters that has now come to an end
we've long since covered the gas crisis and the broader energy crisis
in europe it's very bad in case you haven't been following it i don't think i need to
explain it in all that uh you know gruesome detail that we usually go through but in short
uh it's so bad that the eu has had to go beg to qatar nigeria the united states and canada for
liquefied natural gas to replace the russian gas void that they created themselves by
shutting down the nordstrom 2 pipeline shutting down ukrainian pipelines and
bringing the nordstrom 1 pipeline down to 20 gas capacity flow and they didn't get gas they
didn't get gas from qatar nigeria canada or the united states it wasn't going to work they don't
have lng terminals they don't have the production capabilities to boost it up to what you know the
european union needs and they don't have tankers to ship the lng nor do they have lng terminals
on in europe to bring it in to places like germany okay so they're pretty screwed um and it just got
worse and this is their fault this is their fault i don't see how anyone could spin it otherwise
this is a hundred percent their fault so take a listen to this um nordstream one pipeline you guys
is officially at zero percent capacity flow and will remain at zero percent capacity flow
for the indefinite future now the other day i was discussing that it's very possible that this could
happen uh we covered an article straight from the uh kremlin and they were discussing that you know
pending no and gas problem was saying this as well they said pending no technical difficulties uh we
expect the you know nordstrom 2 pipeline to be operational within 72 hours because they were
doing some routine fixes and i said hmm given that gazprom is saying pending no technical
difficulties i might imagine that there are going to be technical difficulties just as there were
each and every time that they were doing routine fixes on the nordstrom one pipeline
and it took the gas capacity flow from 60 to 20 and now potentially down to zero percent and
it's done just that i also noted that this out of any time is probably the worst opportunity
for the eu to be uh discussing a gas price cap or an oil price cap for russian energy supplies when
russia could just shut down the nordstrom one pipeline under the guise of technical difficulties
on on these uh turbines and well they proceeded to do this take a look eu wants to set a price for
russian gas and uh they were saying that you know the eu needed needs a price ceiling on imports of
russian pipeline gas so this is different than an oil um you know an oil cap oil russian price cap
this is also a gas price cap now ursula wanderline said i firmly believe that
it is now time for a price cap on russian pipeline gas toyota she told reporters on the sidelines of
the german conservative lawmakers in the town of marnau the eu chief insists the measure
would prevent what she called a russian vladimir putin's attempt to manipulate energy markets okay
so she was saying you know we need to do this uh russia responded and said hey look don't do this
you threaten with complete halt of russian gas supplies moscow would halt its gas supplies to
the european union altogether should the block impose a price cap on russian fossil fuels
to meet me medvedev who served as the country's president from 2008 to 2012 and is currently
the deputy chairman of russia's security council has warned on friday medvedev posted a short
message on his telegram channel commenting on a remark made earlier by the in the day by european
commission president ursula vonderline quote it will be much like with the oil there simply won't
be russian gas in europe the politician wrote it's so interesting looking at medvedev's um
you know his evolution throughout the war he at the start he was so very um
you know he was very reserved very conservative in his approach to dealing with the west now he's
just kind of balls the walls [ __ ] it they don't care about us we don't care about them and now
look at what has happened look what has happened north stream gas supply to eu stopped indefinitely
the flow will not be restored on schedule due to a turbine failure gazprom says whoa
whoa this was their last option 20 gas flow was coming uh gas capacity flow was coming from the
nordstrom one pipeline what is it 33 uh million cubic meters that has now come to an end russian
energy giant gas problem announced on friday the suspension of natural gas supplies to the eu
via the nordstrom one pipeline for an indefinite period due to technical malfunctions the pipeline
was supposed to restart on september 3rd following repairs to its sole operating turbine okay so
uh you know again we discussed this and said i i think that this could very well be the end of the
nordstrom one pipeline for the eu and according to the company it received a warning from russia's
industrial regulator about the turbine failure the problems were reportedly detected during a
scheduled maintenance and the pipeline will not be able to operate without proper repairs according
to gazprom the russian firm said it has informed german manufacturer siemens about the turbine
failure and the need for an overall repairs on the nordstrom one pipeline were originally scheduled
from august 31st until september 3rd prompting a full shutdown of gas flows uh yet since july the
nordstrom 1 pipeline has been operating at reduced capacity due to the shutdown of several gas
turbines some were sent to montreal of course for repairs and were stuck there due to canadian
sanctions canada has said that they're going to plan on sending these back but we don't really
know whether or not this is going to happen so again gas capacity flow in the north stream one
went from a hundred percent to eighty percent to sixty percent to twenty percent now down to zero
percent they don't have the nord stream two they don't have ukrainian pipelines this is very very
very troubling for the eu and if you think that that's bad enough well take a look at this because
it's it's not just the gas that's a problem it's also this g7 said that they were likely to reach a
russian oil price cap deal earlier today and they have done so the g7 has unveiled a plan to enforce
the russian oil price cap i'll explain why this is bad for the eu in a second but take a listen
the finance ministers of the group of seven influential nations announced on friday their
intention to ban maritime services transporting oil if its price is not approved by international
partners we commit to urgently work on the finalization and implementation of this measure
representatives from the u.s canada germany france italy the uk and japan said in a joint statement
seen by afp without specifying the cap level quote we seek to establish a broad coalition
in order to maximize effectiveness and urge all countries that still seek to import russian oil
and petroleum products to commit to doing so only at prices at or below the price cap okay so
they're trying to dictate to the rest of the world what the price cap is going to be on russian oil
now what is russia going to do in response well if they are not bluffing which i'd imagine they
aren't because they haven't blocked throughout the entirety of this war so far is this right here
russia won't supply oil to price cap participants who are the price cap participants again
it was oh yeah the u.s who still takes russian oil canada who does not take russian oil from
what i understand germany france italy and the uk who all do from my understandings
and japan i'm not really sure about japan but germany desperately needs it and they desperately
need the natural gas and they're not going to be getting any natural gas anymore they're not
going to be getting any oil anymore and this is where we're at so russia has come out and
said that they will stop supplying countries that capped the price of its oil the nation's central
bank had announced on friday moscow argued that a price ceiling would make oil more expensive and
hurt russian producers very true um why would they produce you know oil if they're not going
to be making as much money on it as they could because what the g7 nations want to punish russia
her comments came a day after russian deputy prime minister alexander novak issued a similar warning
telling russia's channel 1 that a price cap would drive revenue lower than the cost of production
and that russia's producers simply will not work a negative profit
okay so the us sees this as a method of lowering the price of oil at the end of the day all their
actions are going to increase the price of oil increase the price of gas and it is going to be
much more difficult for the eu to get their hands on any oil or natural gas from russia
they're completely screwing themselves
and i don't understand this is one thing i'll end off on the story i don't understand how anyone
could ever look at me ever look at my tweets and comment at me and say jackson you're an alarmist
jackson you're over hyping this jackson you're uh you know you're doomsdaying this
no i'm not if anything i'm underestimating the severity of this crisis and i'm not giving it
enough attention because now we have confirmed that that you cannot get gas from anyone else
they can get refined petroleum products from elsewhere but they're still going to be buying
you know it's originally sourced from russia so it's going to be far more expensive
and if you cut off one of your largest producers of oil and gas if you cut off you know a good
portion of the global market from that it's going to cause prices to increase i'm sure we're going
to see later today prices are going to increase again um with this oil market decision and with
this decision to bring the nordstrom one to a screeching halt you know oil and gas prices are
going to skyrocket again i don't see how anyone could still in good faith say something like that
looking at all the facts and understanding that there's no other options now they can't get
support from any nation not from the us not from qatar not from nigeria not from canada
and if there was ever an opportunity for the eu to make good on some sort of a course correction
apologize to russia drop the sanctions try to beg for forgiveness and beg for the flow of gas
through the nordstrom one and two pipelines that opportunity has you know come and gone uh the ship
has sailed there's no opportunity for that any longer and they are completely screwed and this
is now without a doubt going to be a very very cold winter and a winter no doubt in which the uh
the weight of an ounce of gold uh will be measured by something that looks like this
firewood this is going to be the saving grace of citizens all across europe and in the uk
uh if they can manage to get their hands on it this winter although i think it's going to be
increasingly difficult now that we've seen the complete shutoff of the nordstrom one pipeline
and the pretty much guaranteed that brush is not going to supply any oil to
the ew either okay so this is where we're at very very concerning times and
it's not gonna be pretty you guys this is not gonna be pretty
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