Russia’s Gazprom Retaliates: Cuts Poland’s Gas Supplies By 24%

Peter's Commentary Last week Europe warned that it will impose a more serious set of sanctions that will impact Russia's large energy companies. In response to this warning, Gazprom took steps to decrease gas supply to Poland on Sept 8 and 9 by 20 to 24% respectively. From Gazeta.ru. 09/10/2014 Poland has suspended gas supplies to Ukraine in reverse flow. This was stated by the head of … [Read more...]

Putin Wants Russia to Sell Energy in Roubles

Peter's Commentary One of the easiest ways for Putin to attack the US is to start selling energy without settling payments in the US dollar. If Russia starts to sell energy without the US dollar being involved, you can expect the US dollar index to drop significantly overnight. Remember that Russia sells gas to a lot of European countries. What if Russia made the transactions in German marks … [Read more...]