As life in Europe gets better and better - natural gas

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From OilPrice:

Climbing Natural Gas Prices Could Force U.S. To Slash Exports To Europe
Natural gas prices in the United States hit the highest in 14 years this week, with the Henry Hub benchmark temporarily topping $10 per million British thermal units. And demand is not going down anytime soon.

The United States has emerged as the biggest supplier of natural gas to troubled Europe, as the latter first slipped into a gas crunch after demand outstripped supply last year. Then it slapped seven packages of sanctions against Russia—its main supplier—for its invasion of Ukraine.

U.S. gas, liquefied and transported to the LNG import terminals in Europe, has been instrumental in filling up Europe’s gas storage caverns ahead of schedule. At the same time, it has highlighted Europe’s vulnerability in the gas supply department: it has virtually no alternatives to U.S. gas, and this has pushed its gas bill ten times higher than what European countries normally spend on gas.

The vulnerability was also highlighted by the production outage at Freeport LNG, which supplies about a fifth of U.S. LNG and which has now said it will not restart production before November. Prices continue higher.

And of course, the ruling elites are not impacted - they have enough money so they are not worried.  The poor are already receiving the dole from the state.  Good dependent little slaves citizens.  The Communists want to eliminate the middle-class - that is their primary threat.  People who are fiscally intelligent enough to recognize the bullshit that the Communists are trying to push. Grind them into poverty.

Kind of hard to stand up to the tyrants when you are starving and the temperature inside your house is freezing.

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About this Entry

This page contains a single entry by DaveH published on August 26, 2022 6:15 AM.

Reason #4,327 why I am moving out of WA State was the previous entry in this blog.

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