Posted on 11/17/2022 7:54:49 AM PST by SpeedyInTexas
European natural gas inventories rose by +10 BCF over past week.
EU nat gas storage 96% full.
Current inventories at 3677 BCF.
(Excerpt) Read more at celsiusenergy.net ...
If the Europeans had built Nuke plants instead of the stupid wind farms, they would be warm and well fed.
Instead, they are looking at a cold, dark, hungry winter.
EU added a small amount to storage over past week.
Likely EU will start drawing down and probably see a weekly drop with next week’s report.
Correct on Nukes.
“Instead, they are looking at a cold, dark, hungry winter.”
However, I’m more optimistic on this winter.
COLD: EU forecasted for a warmer than usual winter.
DARK: I’m expected Lights to remain on.
HUNGRY: Would be very surprised if Europeans are hungry this winter.
“If the Europeans had built Nuke plants instead of the stupid wind farms, they would be warm and well fed.’
Power production isn’t really the issue. It’s the industrial uses of Natural Gas, such as fertilizer, that are the problem. Nukes don’t help much with that.
https://www.euronews.com/next/2022/10/26/energy-bills-are-soaring-in-europe-what-are-countries-doing-to-help-you-pay-them
Spiralling inflation has sparked a cost-of-living crisis across Europe, and governments are stepping in to try to shield households and businesses from the seemingly never-ending surge in energy prices.
For many families these days, it feels like paycheques are immediately evaporating as inflation drives up the cost of groceries and fuel, landlords increase rent and utility bills keep soaring.
Inflation in the eurozone continued to hover near record highs at 9.9 per cent in September, up from 9.1 in August, fuelled by rising energy prices.
Those EU energy costs are flowing straight to Texas energy companies.
Celebrate.
Are you saying that we Europeans should have buried our heads in the sand and pretend that Russia wasn’t raping Ukraine? Tell me: How should Russia be punished for its aggression against Ukraine?
In their little fantasy worlds, 3 dollar a gallon gasoline is the same as 20 dollar a gallon gasoline.
The record high prices are all worth the sacrifice to save the Ukraine project!
“Houston-based energy firm Criterion Research responded to the news of Freeport’s updated reopening timeline:
At long last, Freeport has given clarification of its timeline for a restart of LNG operations at the long-offline terminal. The company reported that the reconstruction work needed to start initial ops at all three LNG trans, two storage tanks, and one berth was 90% completed, with all work on target for completion by the end of November 2022.
With that in mind, they are now targeting the initial startup in Mid-December 2022. They will then work gradually to a 2 Bcf/d operational rate in January 2023. Full operations at both docks will be reached in March 2023. Freeport will phase on each of its three trains in a “in a slow and deliberate manner, with each train starting separately before restarting a subsequent train.” ‘
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