[spanalot]

"However, that does not cover production cost, and does not include transit. To expect gas for $50 today would be INSANE."

The only thing insane is your analysis - If the Russians are buying Turkman gas for $50, and paying Ukraine $2 for transport to Europe where the "market price" is $250, why do you justify Putins shutting off the valve when Ukraine did the same thing with turkmanistan?

[GarySpFc]

The only thing insane is your analysis - If the Russians are buying Turkman gas for $50, and paying Ukraine $2 for transport to Europe where the "market price" is $250, why do you justify Putins shutting off the valve when Ukraine did the same thing with turkmanistan?

What are you smoking? A couple of days ago you were whining about gas being $22, now it's $50. Furthermore, gas cannot be transported for $2 over that long a distance. The Ukraine allows the gas to be transported across their territory for $1.48 per 100 kilometers in transit fees, which does not include the transport costs. Furthermore, the market price for the gas is $230 and has never been $250.