Nord Stream 1

The Europeans started from deep structural dependency on Russian energy.

That's right, Nord Stream and all the other ways that Russia was trying to lure Europeans into dependency so they could do what they want and they still aren't gonna do anything to Russia.

They started from a deep structural dependency on Russian energy, and they have made tremendous and fast progress on decoupling.

This isn't something you just turn off overnight.

You might remember a couple of years ago, actually during the Biden administration, when...

Nord Stream, the Nord Stream pipelines 1 and 2, Nord Stream 1 was online delivering natural gas from Russia to Germany at a very cheap rate, and it got bombed.

It blowed up

real

And the Kremlin confirms that those talks are happening.

Brussels, meanwhile, says Nord Stream stays shut after the war.

I mean, I love that after the war, like there's going to be an end.

So Brussels is closing the door while Trump is trying to open it.

There was a piece in the meeting in Miami where, you know, they were really, really pushing.

Apparently, the Ukrainians were stunned.

And, you know, and they were talking about, you know, restarting Nord Stream and getting gas flowing through Ukraine again.

And Witkoff saying, this is good.

So, let's look at international relations.

In Russia, Serbia's traditional ally and principal supplier of natural gas... that could be weird maybe it's because they want they don't want the US didn't want Russia to continue to sell Serbia gas and now that they're building a pipeline that would mirror Nord Stream maybe they want to get Serbia involved in that that's interesting let's take a look at what they said about Russia Serbia's traditional ally, Kremlin spokesman Dmitry Peskov praised Vucic but stopped short of congratulating the students.

Interesting.

We respect Russia both as a great power and as our historically important partner and in many cases, protector.

I mean, we've seen that in Europe.

The bombing of the Nord Stream pipeline by Putin, naughty man, bombing his own pipeline.

created a situation where now natural gas is being imported from the US at roughly four times the price.

And the economic activity within Europe has been in free fall.

Power of Siberia's 38 billion cubic meters runs off eastern Siberian fields that were never plumbed into the Yamal system that fed Europe.

Nord Stream 1 is physically damaged.

Ukrainian transit is war-damaged and uncontracted.

Shut-in western wells don't simply restart.