I fully realize the jump from $50 to $160 is a shock, but the Ukranians need to adjust to market prices. The gas rates for the Ukraine was subsidized by Russia for many years. The Russians are also paying the Ukranians for transit fees for the gas shipped across their country to Europe, and the latter have been guilty of siphoning off a large percentage of the gas and reselling it. I did mention that the European rate was going to $255.
Yes, Gary, you did mention the the Euro rate being $255 in 2006. Now, you say it is "going" to $255. So, I ask again- what is the percentage increase for the Euro gas market?