If Europe abandons Russian oil, crude prices could soar to $200 per barrel, or higher, analysts warn


Russia has given “hostile” countries a March 31 deadline to begin payments for natural gas imports in rubles. The new currency-switch rule will affect countries that imposed economic sanctions on the nation and froze its foreign currency reserves. This particularly concerns some EU countries that rely heavily on Russian energy supplies.

  1. What will happen after March 31?
    Russia says Europe will not get free gas if countries refuse to pay in rubles. “We are not going to supply gas for free, this is clear,” Kremlin spokesman Dmitry Peskov said on Tuesday. When asked whether gas would be turned off for non-payers, Peskov replied: “No payment, no gas.” He added, however, that Russia is yet to make a final decision on how to respond should European countries refuse to pay in the Russian currency.
  2. How much does Europe depend on Russian gas?Europe depends heavily on Russian gas for heating and power generation. Russian gas accounts for some 40% of Europe’s total consumption. The EU’s gas imports from Russia this year stood between €200 million and €800 million a day.

What happens in Europe without Russian gas?
The European Commission has said it plans to cut EU dependency on Russian gas by two-thirds this year and end its reliance on Russian supplies “well before 2030.” However, economists say it’s not easy to replace the 1,550 terawatt-hours of Russian gas delivered to the EU in 2021. Europe cannot replace the supply shortfall quickly; it will need to curb demand. Meanwhile, increased liquefied natural gas (LNG) imports in an already tight global LNG market would place immense upside pressure on prices. This would be a major hit to the European economy, which is already suffering from sky-high energy prices. A prolonged halt in supply of Russian gas would come at a cost for the EU and might even result in some countries that are more exposed to Russian gas fluctuations, like Italy and Germany, having to take emergency measures. German chancellor Olaf Scholz has warned that a ban on Russian energy imports would trigger an economic recession across Europe.

There is a risk of a global energy crisis. Russia is the largest natural gas exporter in the world and the second-largest exporter of crude oil behind Saudi Arabia, according to the International Energy Agency. Replacing Russian gas will not be easy. Europe will have to buy gas on the open market, which means if they buy from countries like Qatar or the US they will have to pay more. It also means that the gas they buy will not go somewhere else. The result will be higher gas prices everywhere as countries outbid each other for limited supplies.

Russia supplies around four million barrels of oil per day to the European Union. Unlike gas, the supply of which to a greater extent is still regulated by long-term contracts, the price of oil is volatile and is determined by supply and demand. If Europe still decides to abandon Russian oil, then crude prices could soar to $200 per barrel, or even higher, analysts warn.

So far, the EU and G7 nations have rejected Russia’s demand to switch their payments for gas to rubles. Russia said it will not provide free gas supplies, suggesting that it is ready to shut off the taps. If that happens Moscow would lose between €200 million to €800 million each day of the embargo. However, Russia could redirect some of the gas to Asia. Europe would likely face an economic crisis not seen since WWII, as soaring energy prices would send the region’s economies into recession. So, who will blink first? Place your bets.

About Editor, cairnsnews

One of the few patriots left who understands the system and how it has been totally subverted under every citizen's nose. If we can help to turn it around we will, otherwise our children will have nothing. Our investigations show there is no 'government' of the people for the people of Australia. The removal of the Crown from Australian Parliaments, followed by the incorporation of Parliaments aided by the Australia Act 1987 has left us with corporate government with policies not laws, that apply only to members of political parties and the public service. There is no law, other than the Common Law. This fact will be borne out in the near future as numerous legal challenges in place now, come to a head soon.

Posted on March 31, 2022, in Putin, Ukraine, Volodymyr Zelensky and tagged , , , . Bookmark the permalink. 19 Comments.

  1. The War Against Putin, written by Mike King: What the Government-Media Complex Isn’t Telling You About Russia –
    “this work intends to set forth a body of evidence which will strongly support the Russian majority’s perception. Ever since his rise to power, Putin’s approval rating among the Russian people has hovered between 75-85%; far higher than that of any American President or European Prime Minister. Indeed, many Russians regard him as the savior of Mother Russia; with some referring to him as “Putin the Great”.

    This pdf is an organized, concise collection of hard and proven facts which, when weaved together, will state their own conclusions; conclusions which the Western “Powers That Be” have concealed from you, but cannot refute.

    Just pretend that you have never even heard of Vladimir Putin, until now. With
    confrontation looming (if certain players have their way), the people of the “free world” cannot afford to be misled any longer. (turns out to be quite a prophetic statement by Mike King)

    Of course, you will render your own final verdict regarding Mr. Putin. But how can it be a just one until you have at least considered the organized array of facts which are about to be presented?”


    >After WW2, with so much of Europe in ruins, the “Master Plan” plan was for the Western Globalists to establish the blueprint for a European Federation that would emerge decades later.
    >In the East, it was agreed that the nations now under Soviet occupation (Eastern Germany, Poland, Czechoslovakia, Bulgaria, Romania, Albania, Yugoslavia and Hungary) would, in time, hold elections and eventually be brought into “the community of European nations” as well.
    >One by one, under Stalin’s guidance, the nations of Eastern Europe became Communist
    dictatorships; vassal states of the Kremlin in Moscow.
    >Globalists such as George Soros and Zbigniew Brzezinski were, and still are, motivated solely by a desire to subdue Eurasia.
    > In 1954, Khrushchev made the purely symbolic public relations gesture of internally transferring the Crimean peninsula from the Soviet Russian Republic to the Soviet Ukrainian Republic. The transfer was meant as a show of respect and friendship for Russia’s Ukrainian brothers. But the Crimea, historic home of Russia’s Black Sea fleet, was and still is predominantly Russian. As you can guess, this event will also be revisited later on in the narrative.


  2. Tried posting a proper comment, said it was duplicated, but it never appeared?, no ‘comment awaiting moderation’ sign either, any idea why?


  3. Can’t seem to post- so testing.


  4. Han Barkmeyer

    This is an interesting video and transcript of Jewish therealnews.com and Jewish Max Blumenthal from July 6, 2018


    Joining us to discuss this is Max Blumenthal. Max is an award-winning journalist and the editor and founder of the website The Grayzone Project, where he has reported extensively on the neo-Nazis in Ukraine. Max previously here at The Real News reported on how the United States has directly armed Nazis in Ukraine by arming the Azov battalion, and in fact, the Azov battalion has posted photos on its website showing it meeting with American military officials. So today we’re going to talk about how Israel, which claims to defend international Jewry, is in fact arming Nazis in Ukraine. Thanks for joining us, Max.

    MAX BLUMENTHAL: Great to be on.

    BEN NORTON: So, can you just respond to this shocking report from Asa Winstanley that Israel, which, again, claims to speak on behalf of international Jewry, is arming anti-Semitic, violent neo-Nazis in Ukraine?

    MAX BLUMENTHAL: Yeah. It would be shocking to those who didn’t know Israel’s history. This actually didn’t shock me at all, especially given the fact that U.S. Congress has enacted a prohibition on selling arms to the Azov Battalion this year thanks to the efforts of representative Ro Khanna. I’ll explain why a little bit later. But just to summarize this really excellent report by Asa Winstanley, which is really authoritative in explaining the origins and ideology of Azov and the danger they present to Ukraine and to Europe as a whole.

    So, Israel is basically just sending weapons to the Ukrainian military, which is now filled with hardcore neo-Nazi ideologues. But there’s no disputing the truth of the headline to Asa Winstanley’s article. Israel is arming neo-Nazis in Ukraine. The self-proclaimed Jewish state is literally arming neo-Nazis. And that should shock everyone, but at the same time it’s not shocking given Israel’s history, which I can kind of briefly explain.

    So, what’s going on here is that the U.S., this is what I think is going on, the U.S. is unable to arm Azov, and it makes it harder for them to arm the Ukrainian military, because Azov is incorporated into the National Guard. So, they are turning to their allies. And one of the allies that the U.S. has always relied on is kind of this back channel to arm fascist death squads during the Cold War, was Israel.

    And from Haaretz:


    July 19, 2018 Rights Groups Demand Israel Stop Arming neo-Nazis in Ukraine

    The Azov militia was established in Ukraine following the Russian invasion of the Crimean Peninsula in 2014. The militia’s emblems are well-known national socialist ones. Its members use the Nazi salute and carry swastikas and SS insignias.

    Human rights activists petition the court to cease Israeli arms exports to Ukraine since some of these weapons reach neo-Nazi elements in Ukraine’s security forces.

    A group of more than 40 human rights activists have filed a petition with the High Court of Justice, demanding the cessation of Israeli arms exports to Ukraine.

    And Jewish Telegraphic Agency:

    Jewish Ukrainians gear up for fierce Russia fight, alongside the ‘neo-Nazis’ they say Putin is lying about March 4, 2022

    It might seem perplexing to observers in the United States and beyond that Jews would embrace Ukrainian nationalism, which some of its opponents — including Putin — say is tinged with antisemitism.

    Batozsky (Jewish) said he worked closely with the Azov Battalion during the 2014-15 conflict behind the scenes as a political consultant in Donetsk. It is this work, and his outspoken defense of Ukrainian efforts to defeat the separatists, that he says put him on the Russian hit list — and also that makes him confident that Russian charges of neo-Nazis in Ukraine are inaccurate.

    “They were soccer hooligans and wanted attention, so yeah, I was shocked when I saw guys with swastika tattoos,” he said about the Azov members he got to know. “But I talked with them all the time about being Jewish and they had nothing negative to say. They had no anti-Jewish ideology.”

    He insists that the image of Ukraine as a hotbed of antisemitism is absurd.

    “I don’t practice, but still everyone knows I am Jewish — I have such a Jewish face! And I never experienced antisemitism from Ukrainians,” he insisted. “The military guys I am working with now really don’t care that I am a Jew.”

    It seems that Israel and the Jews in Ukraine get along quite well with their “archenemy”: The Neo-Nazis.

    Comrade Lenin would have called them ‘Useful Idiots’, giving Comrade Putin the excuse to invade and “de-Nazify” Ukraine. This “Russo – Ukrainian War” engineered by the WEF will only further its Agenda 2030 and establish Pax Judaica = Jewish Communism worldwide.


  5. Han Barkmeyer

    Hi Lyndsey Symonds,

    “The only nations required by The Owners to import human tsunamis of ethnic incompatibles (the type of folks who didn’t even invent the wheel) – all on the Soros Payroll – are European nations.”

    Well, isn’t that their own fault? (Yes, I know that the West, Russia and China are controlled by the Jews).

    The US has invaded about 70 countries since its inception and has invaded a total of about 50 countries since 1945. Who created the death, destruction and refugee crises in Korea, Vietnam, Cambodia, Laos, Afghanistan, Iraq, Libya, Syria, etc., if not the US, NATO, Australia and New Zealand? All “White nations”!

    If we did not bring War and Destruction to those countries we wouldn’t indeed have “human tsunamis of ethnic incompatibles (the type of folks who didn’t even invent the wheel)”.

    That really sounds Supremacist. Just like the Jews talking about the Goyim, isn’t it?

    How ethnically compatible were the Europeans with the indigenous peoples when they conquered and genocided them in The Americas, Africa, Asia and Australia?

    The Jews use the millions of refugees, Goyim to them, as a weapon, a battering ram against the White Nations, Goyim to them, to destabilise and destroy them.
    The Europeans are Amalek to the Jews, their Eternal Enemy to be destroyed.

    Today, though Amalek definitely and unfortunately exists, we cannot say with certainty who, or where, all of them are. However, there is a noteworthy exception. When Kaiser Wilhelm of Germany visited Jerusalem (1898) during his journey to the Holy Land almost all the religious leaders of Jerusalem came to the city gates to greet him. Rabbi Yosef Chaim Sonnenfeld (d.1932), the spiritual leader of Ashkenazic Jewry in Israel at that time, did not go. When asked about his refusal he answered that although the Kaiser himself was deserving of the honor bestowed upon him: “I HAVE A TRADITION THAT GERMANY IS AMALEK.”
    – Yossi Katz

    Look what the Jews did to Germany in 31 years, from 1914 to 1945. They completely destroyed Germany and it lost about one third of its territory. Compare the maps from 1914 to the post 1945 maps of Germany, how the Jews redrew the map of Europe: https://brilliantmaps.com/europe-1914-vs-today/

    Therefore, when Hashem your God grants you safety from all your enemies around you, in the land that Hashem your God is giving you as a hereditary portion, you shall blot out the memory of Amalek from under heaven. Do not forget! Deuteronomy 25:19

    This commandment requires killing all the men, women, and children, anywhere and at any time: https://www.israel365news.com/112275/amalek-today-rabbis/

    All Europeans are Amalek for expelling the Jews from their countries or regions over the past 2 millennia: http://www.biblebelievers.org.au/expelled.htm

    Don’t fall into the Jewish trap of blaming the refugees “(the type of folks who didn’t even invent the wheel)” because they are also the victims of Jewish scheming and cunning.
    All the Goyim in the world, the refugees and the White Nations are in the same boat and have one common Enemy: The Jew.

    We all have to unite and fight the Jew if we want to survive.


  6. Putin has ordered a report on strengthening Russia’s western flank to thwart any NATO advance

    Yemen is the largest humanitarian crisis that no one discusses.

    As I mentioned: “People are not driving around with “We Stand With Yemen” bumper stickers, and schools are not requiring children to make sense of this war. The public does not discuss or shed tears for the people of Yemen who live in unfathomable conditions because they are not a piece of the larger agenda and no one can profit off of their suffering at this time.”

    It appears that Saudi Arabia and Qatar feel similar sentiments. “The humanitarian suffering that we have seen in Ukraine, and everyone is talking about it right now… has been the suffering of a lot of countries in this region for years and nothing happened,” Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman Al-Thani stated. “We have never seen a global response to address those sufferings.”

    He went on to note the forgotten people suffering in Syria, Palestine, Afghanistan, and Libya. Countless people, in the hundreds of thousands, have been killed from these seemingly endless conflicts and millions have been displaced – forgotten and discarded by the West.

    Ukraine’s Zelensky has criticized Russia for helping Syria’s President Bashar al-Assad to secure power in 2015.

    Russia did in fact help fight the Islamic State group and pushed them out of areas of Iraq and Syria.

    Putin has called on people from the Middle East to provide backup. “If you see that there are people who want of their own accord — not for money — to come to help … then we need to give them what they want and help them get to the conflict zone,” Putin told Defense Minister Sergey Shoigu at a security council meeting in Moscow.

    Considering the dire economic situation for countless individuals across numerous Middle Eastern nations, the prospect of having a stable income is a deal many men cannot refuse.

    Yet, in addition to the money, the lack of Western support for these nations has caused a sense of resentment toward Ukraine and its Western allies.

    Putin postured himself as an ally many years ago.



  7. Martin Armstrong, for Armstrong Economics, wrote:

    “Zelensky has just signed into law the first steps of (Klaus) Schwab’s Great Reset. He announced he is introducing a Social Credit Application combining Universal Basic Income (UBI), a Digital Identity & a Vaccine Passport all within their Diia app. He also says that because so much money is coming into Ukraine as he has become an international celebrity, he has legalized cryptocurrencies in Ukraine. He will allow foreign and Ukrainian cryptocurrencies exchanges to operate legally, according to the country’s Ministry of Digital Transformation.”


    Zelensky is not Putin.
    Two different men. One under the Internationalists the other a Nationalist.


  8. German delegates openly laughed at former President Donald Trump for demanding energy independence and warning that their nation would become completely reliant on Russian energy. “Reliance on a single foreign supplier can leave a nation vulnerable to extortion and intimidation,” Trump stated clearly. Now, Germany is issuing warnings that an energy crisis is on the horizon.

    As Nigel stated, those who accused Trump of doing Putin’s bidding have made themselves completely dependent upon Russia. I do agree that Trump’s “New York-style” did not suit everyone, as Nigel politely stated, but as a result, America has a brittle old man in power who is too timid (? imo ) to speak clearly or accurately. The media painted Trump as Putin’s pawn. Yet, the Steele Dossier proved to be fake. Russian collusion proved to be fake. Most media outlets have failed to redact their false reports, and the public at large still believes that Trump was sacrificing domestic policy in favor of Russia. The clear ties between the Biden family and Ukraine have been ignored. The decision-makers ignored all the facts that were staring them in the face years ago and are responsible for the energy crisis.

    Trump was right, again.

    And the people of Germany are downtrodden and euthanized.


  9. lindesymonds: “The only nations required by The Owners to import human tsunamis of ethnic incompatibles (the type of folks who didn’t even invent the wheel) – all on the Soros Payroll – are European nations. That would be White nations.”

    I suppose it’s all in the name of an eventual global peace and paradise. By diluting and even eliminating national identity and personal identity, and making everyone else more “equal” by “bridging the gap” and bringing everyone to a similar level of poverty, we can finally have a truly global village where the Elders will rule the roost and we will all be happy.

    Uncle George is a well known philanthropist, I am sure his sponsors and mentors will rejoice in achieving their vision for a better world and for humanity.

    Hopefully, by then I will be enjoying my own eventual trip to a genuine paradise where I hope to be unequal with anybody. 🙂


  10. You need to hope in a lot more than that Uncle Vova , one of young Globalist leaders and graduate of the Davos Koffee Klatsch, is NOT in on the Communist Takedown. I think Ernst Blofeld Double and anti-Semitic cartoon : Klaus Schwab even made him a young Globalist of the Year. Vlad is clearly the ‘man of destiny’ as Aleksandr Dugin likes to call him. He has already got Klaus to sign off on Moscow as the world centre of the Fourth Industrial Revolution. Vlad already has the gulags full of happy volunteers who own nothing – they will help us workshop the 4IR transhumanism and biotechnology.

    The only ‘energy crisis’ facing Europe is the fact that the Teutonic nations of Europe are screwed down tighter than tight by Big Jew Internat’l banking cartel. They are Owned as corporate assets – along with every other nation welded to their seat in the Communist UN. And they are screwed by their Middle Management TEDS – the dark european suits of the EUSSR. So these highly capable nations – composed of people who (you know) are highly technical, design, build and make stuff that other folks want to buy, copy and do for themselves won’t be solving Europe’s ‘energy crisis’ – they will be paying for it in roubles.

    Not ‘every country’ is enjoying enforced Diversity at the hands of the Marxist state.

    The only nations required by The Owners to import human tsunamis of ethnic incompatibles (the type of folks who didn’t even invent the wheel) – all on the Soros Payroll – are European nations. That would be White nations [ irredeemably , systemically , evil racist nations on their ancestral lands ] and nation states founded by that racial stock to be irredeemably, systemically, evil racist nations on continents other than Europe. Those nations.

    America , for example, imports and enables to be imported through Open Border, 86% non-White human tsunami. Some of them are from countries where even in the 21st century slavery is legal and cannibalism is OK. They are met at the Open Border by US Law Enforcement, signed up for the Gravy Train – an entire raft of benefits to which not even US Veterans are entitled.


  11. The directors of Khazaria Inc need the West to collapse in order to install their global government. We can only hope Putin isn’t in on the plan in some Hegelian plot which is facilitating the collapse.

    The Ukraine “sanctions” are going to create even more economic havoc for the West on top of the C$vid disasters.

    Patriotism is the Achilles heel of the NWO crowd, that’s why every country is being diluted by incompatibe immigrants, racism, sexism and divisive social and cultural woke policies and politics.

    National identity will be obliterated into trans-nationalism, But it needs to start with self identity, hence the recently open door and promotion of LGBTQI activities and identities.

    You too will be able to enjoy your new personal reality as the foundation of a NWO. And you will be happy and ecstatic with your self realisation. The old timers will have gone and left you on your own to marvel at how well you’ve been transitioned. 🙂


  12. India has already recognised the situation and seized the moment.



    I am starting to wonder: that due to Washington’s arrogance, will the Russian Rouble ‘accidently’ evolve into the Gas-Rouble?, – akin to the now defunct Petro-Dollar?

    The introduction of the petro-dollar was what pushed America to its post war economic superiority, which allowed it to detach from the gold standard. Henceforth, every nation now had to convert their currency into the dollar [with the bankers creaming off the trading costs and price currency differences], before they could buy the oil. This allowed the dollar to rise without restraint.

    As for Europe cutting its cheap Russian gas, this will destroy its economy immediately. Buying from other [more expensive] sources will massively increase the costs of their industrial sector, resulting with a massive decrease in company profits, which will then reduce their tax payments to an already bankrupt government, hence, adding to the ongoing collapse of their socialist welfare system.

    The pension funds need 8% to break even, but due to the past ten years of negative interest rates, the European pension funds are destroyed, – and only recently, – the EU announced plans to source [i.e. ‘steal’] money from the pension funds to replace QE!, – as this money printing program is being brought to a close. And this is where Australia’s largest investment fund just bought into!

    There will be many casualties on the economic front.

    PS. I suspect most people missed it, but the U.S. announced on March 28, that it was now going to introduce E-Cash, – another robbery coming your way. This will transfer the production of money from the Central Bank to the Government itself.





  13. History is repeating itself because people do not know REAL history.
    One example: Zelensky versus Putin, this has been the same for almost 2000 years. Zelensky the Jew fighting Putin the Jew, they both use the Goyim to do the fighting, the Goyim as always will lose and the Jews will win again.
    Check out All the wars from the past, the war we have today is no different from any war from the past. Will the citizens of the world wake up this time? I won’t hold my breath.


  14. Guess who founded RT?

    Russian-Jewish media executive dies suddenly in DC hotel 7 November, 2015

    Mikhail Lesin, a Putin associate and former aide, suffered a heart attack, Russian authorities say


    WASHINGTON — A Russian-Jewish media executive, Mikhail Lesin, a former aide to Russian President Vladimir Putin who helped found the English-language news service Russia Today, was found dead in an upscale Washington hotel room, Russian authorities said.
    The Russian Embassy in Washington on Friday confirmed the death of Lesin, whose body was discovered Thursday. Russia Today reported on its website that Lesin, 57, died of a heart attack.

    Metropolitan Police Department spokesman Officer Sean Hickman said that officers were called to the Dupont Circle Hotel about 11:30 a.m. Thursday and found a man dead. Russian Embassy spokesman Yury Melnik confirmed that the man was Lesin.

    Russia Today, commonly known as RT, credited Lesin with “inspiring the creation” of the agency.
    Putin expressed his sincerest condolences to Lesin’s family early on Saturday, according to RT.
    “The president has a high appreciation for Mikhail Lesin’s massive contribution to the creation of modern Russian mass media,” the Kremlin said in a statement cited by the news channel.

    Lesin served as Russian press minister from 1999 to 2004 and presidential media adviser from 2004 to 2009, RT said. In 2013, he became a senior executive at Gazprom-Media, Russia’s largest state-controlled media company.

    Even Paul Craig Roberts, I get his daily newsletters in my inbox, is always quoting RT and praising Putin to high heaven.

    Jewish RT is no different from the Jewish Western media, all part of Klaus Schwab’s WEF to impose their Great Reset on the world.

    The “Russo – Ukrainian War” was created by the WEF and the JOG governments of Russia, China and the West to cause utter economic chaos and hardship for the Goyim. Energy and food prices will go through the roof and will ultimately lead to the economic collapse of countries worldwide.

    And this is what Klaus Schwab and his WEF “War in Ukraine” did to the Ukrainian people while the world focused on the “War”, taking the side of the Ukrainians against the Evil Russians, a Perfect Divide and Rule:


    Until Russia invaded Ukraine, the Great Reset was failing miserably. Knowing how The Cult operates, we warned back in April of 2021 that the Globalists were surely preparing another crisis.

    With Russia’s invasion of Ukraine, the Great Reset is not only back on schedule, but it has already made its first victim.
    While everyday Ukrainians have their entire existence taken over by war, the Ukrainian government silently implemented the Great Reset – and barely anyone even noticed.

    As a result, Ukraine becomes the first country in the world that surrenders to the New World Order, implementing a Social Credit score, a Universal Basic Income (UBI), a Digital Identity and a Vax Passport – all within a single app called Diia.

    The Russian people under Putin will be the next victims of the Great Reset.
    Our turn will come before we know it.


  15. Let the EU muppets freeze and either walk to work or have no job to go to!


  16. Well, the chickens come home to roost in rubles!


  17. I for one, will put my money on Putin… time someone stood up to these people.


  18. John Alexander

    What is really going on with the fuel business… https://www.facebook.com/john.ultimat/videos/1035699287041241


  1. Pingback: If Europe Abandons Russian Oil, Crude Prices Could Soar to $200 per Barrel, or Higher, Analysts Warn - New Zealand Times

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