{"id":4394,"date":"2014-08-06T20:23:57","date_gmt":"2014-08-06T19:23:57","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=4394"},"modified":"2014-08-06T20:23:57","modified_gmt":"2014-08-06T19:23:57","slug":"ukraine","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=4394","title":{"rendered":"Ukraine"},"content":{"rendered":"

\"DSC_1715\"<\/a>The news agenda moves on and the Ukraine crisis has moved off the front pages.\u00a0 However, it unfortunately it has not gone away.\u00a0 The shooting down of MH17 has led to further sanctions being implemented by the EU and the US.\u00a0 At the moment both sides are avoiding energy sanctions but how much longer this will continue we cannot say.\u00a0 The news reported that Russia is suggesting today that they may stop overflying rights by Western airlines, something that would push up airfares that fly around the globe very considerably. \u00a0 Today it definitely stopped agricultural imports from Western countries.\u00a0 However, if relations get worse than energy sanctions from one side or the other could happen.\u00a0 Its also interesting to note that whilst Ukraine has no oil, it still has a lot of gas, albeit its production has peaked,\u00a0 Where is this gas?\u00a0 Largely in the Crimea and Eastern Ukraine.<\/p>\n

The effects on the West of energy sanctions could be fairly significant.\u00a0 We are looking at $200\/barrel oil prices with much higher gas prices and energy prices in Europe.\u00a0 However, the Russians would find things worse.\u00a0 Europe after a couple of previous Ukraine crises has lowered its dependence on Russian gas.\u00a0 The transition to renewable energy is in full flow in Germany and other countries.\u00a0 But Russia has not lowered its economies dependence on selling fossil fuels.\u00a0 It makes up 80%+ of Russian GDP.\u00a0 Russia\u2019s economy would rapidly be brought to its knees.<\/p>\n

To solve the Ukraine crisis everyone needs to talk and compromise.\u00a0 Ukraine needs to allow the Eastern part more autonomy, settle the dispute as peacefully as possible and recognise Russian as a legal recognised language.\u00a0 Russia needs to clear out of Crimea and stop interfering in Eastern\u00a0 Ukraine.\u00a0 At the very least we need a proper referendum in Crimea.\u00a0 As I know at the moment its difficult to get people to engage in such a campaign in over 2 years much less 2 weeks, the referendum was a farce.\u00a0 We also need a proper investigation into MH17 with if necessary Russia accepting a degree of responsibility.\u00a0 I personally couldn’t care less whether the Ukraine is in Russian or European sphere of influence, but whatever the majority want, couldn\u2019t it be in both?<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

The news agenda moves on and the Ukraine crisis has moved off the front pages.\u00a0 However, it unfortunately it has not gone away.\u00a0 The shooting down of MH17 has led to further sanctions being implemented by the EU and the … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[20,29,12,4,1],"tags":[],"class_list":["post-4394","post","type-post","status-publish","format-standard","hentry","category-economics","category-energy-costs","category-gas","category-renewables","category-uncategorized"],"yoast_head":"\nUkraine<\/title>\n<meta name=\"description\" content=\"The news agenda moves on and the Ukraine crisis has moved off the front pages.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theoillamp.co.uk\/?p=4394\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=4394\",\"url\":\"https:\/\/www.theoillamp.co.uk\/?p=4394\",\"name\":\"Ukraine\",\"isPartOf\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=4394#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=4394#primaryimage\"},\"thumbnailUrl\":\"http:\/\/www.theoillamp.co.uk\/wp-content\/uploads\/2014\/08\/DSC_1715-300x169.jpg\",\"datePublished\":\"2014-08-06T19:23:57+00:00\",\"author\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/#\/schema\/person\/b6f2831189b0d01294e9672bb540ba6f\"},\"description\":\"The news agenda moves on and the Ukraine crisis has moved off the front pages.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=4394#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.theoillamp.co.uk\/?p=4394\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=4394#primaryimage\",\"url\":\"http:\/\/www.theoillamp.co.uk\/wp-content\/uploads\/2014\/08\/DSC_1715-300x169.jpg\",\"contentUrl\":\"http:\/\/www.theoillamp.co.uk\/wp-content\/uploads\/2014\/08\/DSC_1715-300x169.jpg\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/?p=4394#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.theoillamp.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Ukraine\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.theoillamp.co.uk\/#website\",\"url\":\"https:\/\/www.theoillamp.co.uk\/\",\"name\":\"The oil lamp - 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