Autor: Jorge Vilches | 28. 5. 2022
According to Ursula von der Leyen – President of the EU Commission – Europe today keeps buying Russian oil just to “deny Putin an even larger war chest” by preventing Moscow from offering such EU-purchased oil to the world market and “profiting from soaring prices” (?). Actually, the undisputable Law of Supply & Demand dictates the exact opposite So any stand-up comedian worth some salt would have found a better excuse. What Ursula von der Leyen should readily admit is that Europe will keep buying Russian oil for decades to come because of sheer self-interest. Europe cannot possibly avoid needing Russian oil and will not substitute it in any significant amount simply because the EU has no choice and no options no matter how it is diced or sliced. This article explains why and proposes an effective no nonsense solution to stop the coming European energy debacle. Early this century this was foreseen and planned out in thorough depth according to former German Chancellor Gerhard Schröder´s philosophy and policies which led to a clear and sustainable European strategy for energy sourcing and growth through strict association with Russia.
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