90 Miles From Tyranny : BULL: 1, CHINA SHOP: 0

Thursday, July 12, 2018

BULL: 1, CHINA SHOP: 0

Get out the fainting couches! President Trump is in Europe, and once again he is saying the unsayable. The occasion is the NATO summit that began today in Brussels. Trump fired an opening salvo that included two themes, as reported by Bloomberg. The first is that Germany, in particular, undermines the alliance’s defenses against Russia by being too dependent on Russian natural gas:
“It’s very sad when Germany makes a massive oil and gas deal with Russia where we’re supposed to be guarding against Russia and Germany goes out and pays billions and billions of dollars a year to Russia,” Trump said before meeting with NATO Secretary General Jens Stoltenberg on Wednesday morning.

Trump pressed on: “If you look at it, Germany is a captive of Russia, because they supply — they got rid of their coal plants, got rid of their nuclear, they’re getting so much of the oil and gas from Russia. I think it’s something NATO has to look at.”

Trump is right about this. Germany stupidly closed nuclear and coal power plants in favor of huge investments in “green” energy. Those investments, predictably, have failed to do anything other than drive the price of electricity unacceptably high. Germany is now backing away from its “green” policies in favor of natural gas. Where does it get most of its natural gas? From Russia.

The specific focus of Trump’s criticism is the proposed Nord Stream 2 pipeline, which would take gas from Russia to Germany. That pipeline has been controversial for...Read More HERE

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