Commentary
On Sept. 26, the Nord Stream pipeline was attacked. Who was responsible? Many people, including German Economy Minister Robert Habeck, were quick to blame Russia. Others pointed the finger at the United States.
While millions of people are busy playing whodunit, millions of Europeans are praying for a mild winter. The attack must be viewed as a watershed moment. As the macroeconomist Philip Pilkington recently warned, the “Nord Stream sabotage could be the point at which future historians mark the end of Western dominance.”
He’s right. Last year, the pipeline, which runs from the Russian city of Vyborg to the German city of Greifswald, supplied European Union countries with 40 percent of their gas supplies. The energy crisis may not weaken Europe’s climate resolve but will certainly weaken its economic resolve….