Half a loss for the russian that showed the world their military wasn’t as good as they thought. Half a loss for the EU that showed their economical weakness as they couldn’t make a medium country’s economy explode even if they did all they had in their power. And globally a huge win for the US.
Honestly, i hope this serves as a warning for the EU citizen: we have very average people taking decisions in the EU governance.
This goes also for the US.
They clearly want to save the weapon for winter though. When temperatures drop, Russia will sadly have the entirety of Europe by the balls. It is simply unthinkable that the population will be willing to stomach blackouts or not being able to heat their homes.
I don't see a way out but the unfortunate outcome that Ukraine will be sacrificed.
Maybe they just knew that after building russia up as the "big bad" for the last long while (or maybe that was just the US), it would be political suicide for whichever politician first suggested capitulation. Probably still is political suicide. The prisoners dilemma at its finest.
Basically, Europe is buying less than half the usual supply of gas at 6x the price right now :(
It's a market, and the thing that is causing the price spikes is Russia cutting off their supply.
They'll still profit from the higher prices on the reduced supply, but so will everyone else who sells on the market at the market price. Basically war profiteering.
But siezing the windfall profits is also basic economics orthodoxy.
https://theguardian.com/australia-news/2022/jul/19/nobel-pri...
> The Nobel prize-winning economist Joseph Stiglitz has called for a windfall profits tax, arguing the idea is a “no-brainer” that has been taken off the table due to the influence of big companies
But I also don't see this as being that big a deal. Even if we had to turn off fuel for 2/3rds of the homes, people will just go to a home that can be heated and stay warm together. We'll survive and probably make new friends doing it even if we'd complain the whole time.
Or people learn to heat themselves up instead of the whole room, which uses less than 10% of the energy. We're an inventive species and in Europe we certainly have the means, we just need the motivation.
It seems obvious now that the people in charge in EU lacked serious strategical skills. We followed our emotions, did a lot of communication, we made ourselves look good, but ultimately we could end up with the worst of all options: ukraine split in two, and an economical disaster for the whole EU.
Only the US will exit from the crisis with a fantastic improvement (like every time europe starts an internal war).
Well no, the worst option was going to happen, Russia takes over Ukraine, then takes over Transnistra/Modova, solidifies its hold over Belarus, then why not take over Eastern Europe again. Splitting Ukraine and having expensive gas and a recession isn't so bad. Of course taking back Crimea is what we should be aiming for.