Posted on 10/06/2021 10:24:34 AM PDT by karpov
No excerpt from Bloomberg allowed, ungated article here.
No way. Fracking bad.
Energy usage and economic production have a nearly 1:1 ratio. Energy efficiency and technology play a part on changing that ratio, but only slowly, and only in the long run. You simply can’t produce something without expending energy.
Money is merely a representation of the productive capacity of a country/system, etc...
So money is a claim on present energy usage.
Debt is therefore a demand/lien on future energy usage
Western economies have tripled their debt in the last 15-20 years.
Will they triple energy production as well?
NO? What happens then? Debt will be defaulted on - either outright, or by massive inflation.
The Great Reset marches steadily on.
Here are the 10 countries with the highest natural gas production:
Russia (47,805 billion cubic meters)
Iran (33,721 billion cubic meters)
Qatar (24,072 billion cubic meters)
United States (15,484 billion cubic meters)
Saudi Arabia (9,200 billion cubic meters)
Turkmenistan (7,504 billion cubic meters)
United Arab Emirates (6,091 billion cubic meters)
Venezuela (5,740 billion cubic meters)
Nigeria (5,475 billion cubic meters)
China (5,440 billion cubic meters)
https://worldpopulationreview.com/country-rankings/natural-gas-by-country
Coming to a global socialist country near you soon.
Frack them!
While in America are LNG process engineers out of work because of Biden’s anti- energy policies.
Install more windmills and solar panels.
“Install more windmills and solar panels”.
Sorry, but it takes too much energy to manufacture those things.
CF shut down their plants....
That is significant.
The eurpeans have plenty of natural gas locked up in fracked rock similar to the rock in Pennsylvania.
But their environmentalists won’t allow them to exploit this natural gas.
Unexpected.
The mismanagement of TX energy is going to look like a vacation in the Bahamas compared to what is coming to the EU.
There are too many interruptible fuel supply contracts in their energy portfolios.
Let’m do it anyway and find out the truth. Allow them to dig their own graves.
Yep, they need a very unpleasant wake up and reality check.
See, being reliant in Putin for your energy needs is a stupid idea. The US is also about to learn this in a hard way.
+1
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