bloomberg.com/news/2014-03-30/siemens-ceo-rebuked-as-german-business-defends-putin-partnership.html
Siemens CEO Rebuked as German Business Defends Putin Partnership
*Asked if Putin must be stopped, Adidas CEO Herbert Hainer said, “I’d turn the question around,” according to Die Welt. “I wonder if one shouldn’t have included Putin in the process much earlier, rather than starting talks when it’s too late.”
ThyssenKrupp CEO Heinrich Hiesinger said “Russia felt cornered.” Deutsche Post CEO Frank Appel said the U.S. and its allies had meddled “in the front yard of another big power” and questioned calls by EU leaders including Merkel to review Europe’s energy ties with Russia, saying Germany “will always be dependent on others” for fossil fuel, according to Die Welt.
Kaeser said meeting with Putin showed that Munich-based Siemens, Europe’s biggest engineering company, “won’t be overly influenced by short-term turbulences” involving Russia. “We’re counting on dialogue and mutual understanding,” he said in a ZDF television interview after returning from his trip, which he said Merkel’s chancellery knew about in advance.****
This isn’t terribly surprising. European countries, the ones with wealth, have utterly neglected development of their own petroleum resources other than North Sea oil and gas, and that latter development began before environmental excessiveness took hold in Europe. If one researches it, one finds that there is not much going on in Europe in the way of local resource development. In the Netherlands, which appears to be the richest single resource country, fracking is forbidden by law. I understand France recently did the same, though France definitely has significant potential for natural gas.
Possibly the Crimean debacle will cause some of those countries to wake up. Many of them are giving up on things like windmills and solar, so possibly they will seek at least a degree of self-sufficiency.
Pipeline location and Russian influence in other parts of the world are also factors. Russia has been gradually placing potential “choke points” in the way of transmission from the “stans”.
The rest of the above is silly though. It assumes Putin is such a child that he would conquer part of a soverign nation because he’s miffed at being mildly dissed by other countries in Europe.