“Fight Against Stupidity And Bureaucracy”
Last week I wrote a post about the resurgence of the Cold War. I called it “Anyone Feel A Chill?” (click here if you would like to read it.)
But, politicians being politicians, they cannot even have a mock war like a Cold War without the stench of hypocrisy attached to it.
For example, the United States blames Russia for interfering in the internal affairs of Ukraine, as indeed it is currently doing. But at the same time it attaches no blame to itself for also interfering in the Ukraine’s internal affairs, which it also did – in the process helping to create the mess we now see on our TV screens.
Now, not content with that, America has been coercing Europe to go along with it in imposing economic sanctions on Russia. And by and large Europe has meekly and unthinkingly followed the US lead.
It started with foodstuffs and freezing bank accounts and assets, which Putin has managed to shrug off without too much trouble.
Now they’ve upped the ante and imposed sanctions on Russia’s supply of energy which is it’s big wealth earner and which given time will no doubt hurt a bit. I say “a bit” because any long term shortfall in energy revenue from Europe will be more than made up for by energy hungry customers like China, India and the rest of Asia. China, for example, recently closed a $400 billion natural gas deal with the Russians.
As a matter of fact, with winter approaching, the sanction game may well end up hurting Europe a lot more that it does Russia.
You see, the thing is, the energy sanctions imposed by the US and Europe are on the sale of oil and gas. These are the things that Europe desperately needs, but are things on which America does not rely on Russia for at all.
Wait a minute, there’s that smell again.
Worse than that, the US did not invoke sanctions on the sale of Russian nuclear fuel, which America does rely on Russia for, since it just happens to power 10% of all American homes.
Now do you smell it?
At the moment it looks like this Cold War is going to get very cold in Europe and very expensive as the cost of heating increases with the shortfall in supplies.
America will be fine though.
So will Russia.