World Pensions Council director Nicolas Firzli interprets the “blurred signals sent by the Biden administration as America enters a pivotal electoral year [Biden/Trump replay], where the White House is facing rising pressures at home from progressive Democrat lawmakers and environmental groups, and seemingly insolvable geo-economic risks abroad”: Russia/Ukraine, Israel/Gaza Strip, China/Taipei authorities, Yemen/Red Sea shipping…
Can America’s “climate-driven rethinking of natural gas exports [truly] threaten Europe’s fragile energy independence”? This week, Biden administration energy and national security experts have started to leak [some of their] “internal policy debates” to the financial press e.g., Wall Street Journal (12 Jan. 24), Politico magazine (19 Jan. 24)… They seem to be “implying de facto two new notions here”:
That the current Russia vs. Ukraine proxy war may last forever, “thus excluding Russian natural gas exports to the European Union for a very long time”, ie no return to the economic statu quo ante bellum. As of today (Jan. 2024), Russia still accounts for approx. 20% to 25% of the EU’s nat. gas imports.
Perhaps more surprisingly, president Biden’s advisers are insinuating that Qatar may not be a “reliable partner for Europe in the long-term”, using this affirmation as an “argument of sorts to justify pumping more shale gas from the Rocky Mountain basins, in violation of the White House COP 28 commitments” — not to mention the Democratic National Committee’s “eco-friendly party line”…
video clip: https://now.asharq.com/clip/الفرزلي-مخاوف-أوروبية-من-مخاطر-توقف-الغاز-الأميركي