NYT: US and European environmental showcase made Putin and Mohammed bin Salman laugh

MOSCOW, October 9 – RIA Novosti. US and European countries cause laughter with their ‘environmental shows’, writes New York Times.

“In Europe, they claimed they could get rid of the big emissions and switch directly to renewable energy and everything would be in chocolate. Oh my God. The Germans were so proud of themselves that they didn’t realize that this was the only reason for this blue dream. Putin gave them cheap to make up for the gap. It seems possible to sell gas,” he said.

At the same time, as noted in the publication, the United States, unlike Europe, can theoretically meet its oil and gas needs, but does not have sufficient export resources even to compensate for the decline in oil production from Russia and OPEC+.

The author of the publication urged Western countries to stop building forts in the air.

“The only truly effective way to make the switch is to send a convincing price signal: either taxes on dirty energy or incentives for clean energy. Until we provide stable and reliable energy sources with minimal emissions at minimal cost, all our words can be safely called a window. Putin and Mohammed bin Salman to the bank. while laughing at us as we go, we get carried away by false virtues.”

Numerous restrictions against Russia by Western countries have resulted in record inflation and, in themselves, rising fuel prices. To stabilize the situation, American leader Joe Biden visited the Middle East, where in July he visited Saudi Arabia, one of the key members of the OPEC+ agreement. The American president demanded that the Persian Gulf countries increase oil production and supply.

On October 5, the OPEC+ countries agreed to reduce oil production by two million barrels per day from November and take the agreed production levels for August as a reference point. The alliance explained its decision with the uncertainties in the global economy and forecasts regarding the oil market. Despite the emerging energy crisis in Europe and rising energy prices in other parts of the world, this step was supported by all the participants of the agreement.