Wednesday, January 7, 2009

Who Passed Gas?

Gas shortages continue throughout Europe stemming from the Russia-Ukraine dispute, this in the middle of winter, while Russia and the Ukraine continue to bicker like two sorority sisters fighting over the only blow dryer in the house. Aside from disputes over prices and claimed thefts, Ukraine says Russia is trying to weaken the Ukrainian government as it seeks NATO membership and closer ties to the West, while Russia claims Ukraine is trying to curry anti-Russia fervor in the West. (Washington Post.)

Obviously, East and Central Europe have been crippled the most, with some industries shutting down completely, but shortages are felt all over.

Just to recap, The EU gets 25% of its gas from Russia, and 80% of that via Ukraine.

Mild winters and previous scuffles have prepared much of Europe with a two week surplus stockpile, which should help until matters are resolved. Times Online says that throughout Europe, blame has fallen on both parties.

Also telling is that some countries are turning to Iran for increased supply.

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