• Sasuke [comrade/them]@hexbear.net
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    2 months ago

    maybe a sign that european leaders are starting to get a little nervous about the implications of a regional war? we’ve seen how disastrous the (failed) attempt of weaning europe off russian oil has been for their industries. what would happen then if suddenly the export of oil from the middle east comes to a sudden stop? i’m not sure european leaders are as keen on this murder-suicide pact as the US seems to be

      • GlueBear [they/them, comrade/them]@hexbear.net
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        2 months ago

        Fuck the eu and 80% of euros living there. May the strongest consequences fall upon architects of white supremacy and their descendants.

        Europe hasn’t even begun to suffer for their crimes against humanity implemented on the global south.

    • xiaohongshu [none/use name]@hexbear.net
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      2 months ago

      Nah, US flooding Israel and its Near/Middle Eastern allies with military (which also include increase in food and consumption demands) is good for Europe who needs to earn the dollars to import American energy to survive.

      France in particular hates it because it got robbed 50 billion euros worth of submarine deal with Australia a couple years back when the US stabbed them in the back. It was a huge loss for the French economy and their military industrial complex.

      • GlueBear [they/them, comrade/them]@hexbear.net
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        2 months ago

        60% of your takes are good; 40% are similar to this one you’ve just posted. You’re close but miss some significant points.

        Money doesn’t mean anything if you can’t get fuel. Just bc the demand will be higher doesn’t mean the supply will be there.

        When they lost Russian gas, they lost their biggest source of fuel. No one can replace Russia’s supply, even if the whole of the GCC pumped everything they have it wouldn’t cover what Russia was supplying.

        What would happen is their other major source of fuel would shrivel up if a regional war breaks out.

        America will never be able to cover that additional loss, they can’t even cover the loss of Russia. What will happen is that gas and oil will be even more expensive AND their supply would be cut down to the point of rationing fuel.

        It will only expedite the de-industrialization of the EU.

        • xiaohongshu [none/use name]@hexbear.net
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          2 months ago

          France was not the major victim of the loss of Russian gas. Germany and Italy and a few other EU countries were amongst the worst hit by the Nord Stream gas pipelines destruction.

          France still has its nuclear power plants for electricity and gas supplies from its North African colonies, and was in fact able to profit by selling energy to other EU countries back in 2022 when EU was hit by energy crunch from their Russia sanctions.

          • GlueBear [they/them, comrade/them]@hexbear.net
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            2 months ago

            This is true, but the rapid rise in prices for gas and oil will impact every other aspect of their economy. They can’t use nuclear energy for ships, planes, and cars. Unless most of France uses electric appliances, water heaters, and HVAC I think the resulting surge in oil and gas prices will still impact the average French citizen.

            And that energy security from nuclear isn’t guaranteed, the Alliance of Sahel States are much stronger and more united now than they were before. Today they have cheap uranium from niger, tomorrow might not be the case. Should a regional war break out in western Asia, we can assume at least a decade before gas and oil prices/demand go back to pre-war conditions. That’s an optimistic estimate too.

            The loss of industry and shrinking GDP of their neighbors has affected them and will continue to affect them; there’s going to be an increase in EU citizens looking for a job outside of their country. Most people will try their best to stay as local as possible, if a German had to choose between France and the US- you get the point.

            France has a lot to lose economically should a regional war begin, even if it is the most resistant to the effects.

            Edit: France gets majority of its gas from Norway as of the moment, but as for crude oil they receive 2.6B$ worth of crude from Saudi Arabia. I got this from the OEC.