Turkey row leaves Russia stuck with abandoned gas pipes worth billions

[Deleted]

Had to dig this up after today's news game out. After internal investigations in liaison with the German federal automobile agency, the initial report of 800,000 cars being affected by the emission scandal has been reduced to... a bit over 30,000. Many of which have irregularities of about 0.1 to 4 gram per kilometre, which is well within tolerances.

VW is going to come out of this like a boss. The VW stock just climbed 5%, too. Just saying... :P

Basically put VW is after suffering an unfounded mediatic campaign against them? Not being sarcastic. IT happen in Ireland as well a while back.

[zenkai]

If it's not worth 2 billion, then is it also not worth billions?

Or does it become billions as soon as it's more than 1, even if it's less than 2?

Because it's all about them headlines

[Ripster42]

As I point out before if the rocket must have a significant flaw (it can be the price) becuse why wait 3 year if the rocket was "successfully completed test flights" its have all the marks of a vaporware on a grand scale.

Not saying you're wrong, but a possibility could be long rocket construction times. I mean, I'm totally with you on exaggerated russian claims, but possibly not as much hooey as you're making it out to be this time.

[Slant]

Basically put VW is after suffering an unfounded mediatic campaign against them? Not being sarcastic. IT happen in Ireland as well a while back.

Oh no, they deserved all the media coverage. They dun fucked up good. The US American trial is still happening and that alone is going to cost them dearly. But the European theatre had the potential to be much, much worse.

They're still scrambling to deal with the US theatre. Rumour has it that VW is calling in big loans from banks and putting subsidiaries on the line for it. But I still maintain that they'll come out of it like a boss. The worst that happens is that they get rid of subsidiaries they don't need and they put their focus back on the core business of making cars (instead of, for example, a company building ship diesels and small scale power plants).

[Random010203]

Russia pumps gas to lots of sources. Germany and Eastern Europe account for most of their market in Europe.



Russia's thing though is they love to pretend that this "leverage" as they think of it, is the only thing that matters in the world. Nevermind the fact that oil and gas has failed to make Russia a wealth country (the EU economy is 9 times the size of Russia's), that prices have fallen through the floor, and that there aren't alternatives.

What they do is what Shalcker up there does, which amounts to a very elaborate way of saying "I hope it's a seller's market in the future". In reality though, Russia has done nothing to use the 2000s commodity boom to diversify away from natural resources, and as a result is economically going to pay a huge price for years to come. This is one reason STRATFOR predicts Russia will collapse.

The US and EU have been working to diversify EU energy sources away from Russia for years. One way has been for the EU to take up contracts with Middle Eastern and African countries as US Energy independence emerged over the last decade, freeing up capacity for their consumption.

FYI this is from 2008, the global import/export scene has drastically changed since.