Assessment: Remind me again. Which president was it that had the largest oil and gas reserves in the world and actually shut down oil and gas production?
“A fool takes no pleasure in understanding, but only in expressing his opinion.” Proverbes 18:2
The Russian government has halted all gas exports to Poland and Bulgaria after, they say, a deadline passed for the nations to pay for gas in Russian roubles rather than western currency.
Sources with the Polish government and the Polish Oil and Gas Industry (PGNiG) claimed that Russia has halted all gas supplies to the country Tuesday night, with the stoppage of transmission confirmed Wednesday morning amid a war of words between Moscow and European capitals.
Wholesale gas prices soared a fifth in Europe on the news, communicating both the shortages the reduction of imports resemble, as well as market uncertainty. Several European nations are heavily dependent on Russian gas, notably Germany.
The European Union has called the suspension of gas deliveries “blackmail”
“And you will hear of wars and rumors of wars. See that you are not troubled; for all these things must come to pass, but the end is not yet” Matthew 24:6
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