The only smart move I’m seeing these days.
The chances of being able to transport NG to Europe at any amount greater than 1/3rd of 1% of their needs is fantasy. I seriously doubt the physics and the costs can be overcome.
What a good enterprising US company should do is to offer to bring a several fracking rigs and poke some holes on spec until they find some damn natty in exchange for some decent royalty. That would be a titanic jackpot if they hit, that would be a home run for a T. Boone Pickens type. I don’t know what NG sells for in Europe, but it’s probably safe to say that it’s nearly double what it sells for here.
Agreed, but screw ‘em. Germany got scared and closed their Nukes after the Japan quake, now they’re desperate for Natural Gas.
If we had all the pipelines and LNG port facilities that Obastard has been slow-walking, it would be another story, but the fact of the matter is we couldn’t deliver if we wanted to. All part of the Soros/Buffett plan.
All the more reason to expect it won’t happen, IMO.
The shipping costs for LNG will be paid by Ukranians, I presume.
Actually it is dumb.
A better decision would be to occupy Syria, overthrow Assad and then build the cross med pipeline from Saudi Arabia.
Syria is a weaker foe than Russia. Syria can’t attack