The Freeport LNG (Liquified Natural Gas) export terminal is scheduled to re-open in October (20% of US export capacity), starting small and ramping up capacity.
Since this article was published, German gas storage has increased to almost 80%, which is their minimum target for the Winter. They have been injecting about 1/2 of a percent (0.5%) of their capacity per day. Europe overall is in
Wait until this Winter, biggest home heating crisis on record. It’s not the lack of preparation or Biden’s anti-energy policies, it’s....climate change.
America has won nothing and will continue to lose as long as we have unelected criminals colluding with WEF criminals.
What transition are you talking about? Gazprom is flush with cash.
I heard and have read that in the West/US/UK/EU, that univ level ‘Journalism 101’ classes have been renamed as ‘Propaganda 101’....
That's roughly 90 cents a therm for the US consumer - nearly triple the cost a year ago.
How is that winning?
I suppose if you're Joe Biteme, Kammy the Airhead or Humpher Biden, it's all peachy, because the US taxpeasants are splashing out to cover THEIR bills...
Yes, this has been great for pipeline companies which are yielding 7-8%, midstreams, and mineral rights payments on gas wells are up 400% from 2 years ago.
Ride the wave, winter is coming.
BeauBo Please tell us about how great it is that totalitarian Big Tech in America is censoring any news that does not tie the party line. We are not being allowed to hear or say the truth online except in forums like FR and the a lot of d-bag Freepers on FR that are perfectly happy with it. Are you?
Tell the wench from Sweden to fart in a jar — she may need it for winter.
With super high natural gas prices and Russia being the biggest exporter of natural gas, with winter fast approaching? And the huge China/India natural gas/oil markets eager for Russoan oil/natural gas?
Read this:
https://www.statista.com/statistics/217856/leading-gas-exporters-worldwide/
the biggest casualty in this conflict?
Russia’s reputations (yes, plural)
NOTE THAT - before Feb. 23rd, 2022 -
- Russia was thought of as a country interested in peace; so much so, that there was even talk of disbanding NATO, since it wouldn’t be needed anymore!
- Russia was thought of as a civilized country, well-behaved and respectful of its neighbors like any other in Europe
- Russia was thought of as a reliable supplier of gas; so much so that Germany could get rid of all its nuclear and coal-fired power plants!
- the Russian military was thought of as large, well-organized, and efficient - something to be feared
NOBODY believes these lies anymore ... thinking that had been well-embedded for years has been upended in less than 6 months ...
brilliant move, Russia!!
Germany started down this path in 2005. I was furious and could see what was coming 17 years ago. Schroeder was SPD, the socialist party. Sad thing Dummycrat voters are as stupid as German voters were and are.
Natgas price in the US approx. $9.50-$10/dth. Price in Germany approx. $72/dth.
In Oregon, NW Natural has just applied for a 36% rate increase in natural gas.
WTI crude is down to a little over $90. It’s late summer, and gasoline prices are down. Not bad so far. We’ll see. I’m guessing that Europe will get through winter okay.