Russophobia Absurdity… As Russian Gas Rescues Europe’s Energy Crisis
Europe’s energy crisis and Russia’s readiness to alleviate vividly demonstrates a fundamental win-win partnership.
Russophobia and geopolitical cynicism know no bounds among certain Western politicians and media commentators. Thankfully, however, such a negative mindset is increasingly exposed for its ridiculous irrationality.
This week as Europe’s energy crisis broke new records in terms of soaring consumer prices, Russian President Vladimir Putin stepped in with a promise to increase exports of natural gas. The news had an immediate calming effect on Europe’s energy markets which saw prices whipsawing to lower levels.
Rather than simply greeting the development as a positive move, there were predictably sinister comments from some quarters. Russia was accused in Western media of “holding Europe hostage” over the continent’s energy crisis and using its vast supply of natural gas as a “geopolitical weapon”.
Jake Sullivan, the United States national security advisor to President Biden, told the BBC that Moscow was “exploiting” Europe’s energy crunch.
This is an overwrought, convoluted way of interpreting what is normal economic interplay of supply and demand. But the irrationality betrays an obdurate mindset of Russophobia that is untenable. If politicians and experts are so possessed of such foolish bigotry then their assessments on the subject and much else besides are hopelessly unreliable.
Europe’s current energy crisis and market turmoil have nothing to do with Russia as a primary factor. The pent-up demand after a year of economic quiescence due to the coronavirus pandemic, the low storage of natural gas by European countries due to government policies, the switch to renewable energy sources not being able to meet demand, and the
Article from LewRockwell