Posted on 05/11/2022 12:59:13 AM PDT by RomanSoldier19
Blah, blah, blah. They will git it done, one way or another.
“Blah, blah, blah. They will git it done, one way or another.”
I know, details, details, details. But the unused LNG Ports will sure look pretty!
The problem is that this idiotic argument has been for a long time stipulated including in opposition to NSII.
Every time you are addressing it from the position of logic they can’t say anything to defend it.
Several weeks back Russian was signalling stoppabes of oil and gas via Ukraine to Europe since they are supplying weapons to Ukraine.
With this war, the truth is lost.
It’s brainless to think or say they will do nothing.
Everybody knows why Russia did not stop the gas.
Russia is nearly destitute and absent the gas revenue has a failed economy
It is spring and gas is no longer required to keep from freezing.
Now read the previous exchange to learn that your argument is self-defeating.
Ummmm - Russia controls the pipeline before it gets to the Ukraine...helps to think before trying to sound erudite...
I assume this is why the Biden administration stopped the proposed Israel pipeline going from the eastern Med to Egypt, Cyprus and Greece?
An excellent catch. If the Middle East -- excepting the idiots of Hamas and grifters of the PA -- were to become energy "happy" through Israel's growth, only those dedicated to chaos and control globally would act against this. "Green" as an ideology is only political science playing "we care," when "we care" is about geopolitical control. The Democrats are the other poison in the Middle East, as I see it.
Israel developing their offshore oil would be a boon to all.
I do not believe the Israel Med deposits contain that much petroleum.
“Israel had 199 billion cubic meters (cu m) of proven reserves of natural gas as of the start of 2016. The country possesses negligible reserves of crude oil”
Discovered Production Estimated size
Noa North 1999[29] 2012 50 billion cubic feet
Mari-B 2000 2004 1 trillion cubic feet
Tamar 2009 2013 10.8 trillion cubic feet[14]
Dalit 2009 Not in production 700 billion cubic feet
Leviathan 2010 2019 22 trillion cubic feet
Dolphin 2011 Not in production 81.3 billion cubic feet[30]
Tanin 2012 Not in production 1.2–1.3 trillion cubic feet
Karish 2013 Not in production 2.3–3.6 trillion cubic feet
My post # 31 are of of Wikipedia.
They are a list of Israel Natural gas fields in the Eastern Med. Israel and Jordan formerly bought gas from Egypt. Now, Israel is supplying their own domestic gas and also selling to Jordan. They and Egypt want to set up a pipeline sending the gas to Egypt.
Israel has more natural gas than it can ever use in the next 100 years or more. They want to sell it. The countries of Europe need it. The question is WHY are WE(the USA) standing in the way of their pipeline?
I can only assume it is because the Biden/Obama folks have an piece of the action of a potential compeating pipeline through Turkey or Syria/Iran/Iraq.
“ Russia is going to replace customers before the customers would be able to replace Russia though.”
Definitely not for gas. The Europeans are buying/renting all the ships and Russia is sanctioned from raising money to build new pipelines that go elsewhere. The distances are huge for new pipelines anyhow - time zones.
Already, Russia has completely lost the business of Latvia, Lithuania, Estonia, Finland, Poland and Bulgaria; without replacing them with new customers. Major reductions have already occurred from the rest of Europe (e.g. Germany and Italy) without Russia replacing those exports. There are no ready replacements for the gas exports that were shut off today through the Ukraine.
Everyone knows that sanctions will follow whoever buys Russia’s taboo oil or gas, so no long term contracts are being signed. Discounted spot market shipments (mostly oil) are temporarily buffering some of the loss in export volume, but further restrictions on those shipments have already been approved, that will go into effect in June. Secondary sanctions on other buyers will follow like night follows day, after/as the Europeans replace Russian oil and gas. It is much less painful for the Europeans to sanction other buyers, than it is for them to replace Russia as a supplier.
When the transition is complete, and Russian production is completely surplus, global prices will normalize back down - further reducing the revenue from whatever reduced quantities Russia can still move at a smuggler’s discount. Since Russian deposits are inherently relatively high cost to produce, it is likely that they will frequently operate at a Soviet style loss, to keep letting the corrupt officials skim part of the proceeds, while the Government and population absorb the losses.
Russia is hurtling toward a North Korean style economy at record speed. Zimbabwe has a lot of natural resources too, but their Chinese puppet masters don’t pay them anywhere near global spot prices for what they extract for themselves. They don’t pay any of their vassals well, as a matter of policy, to keep them as poor, dependent vassals.
North Korean style oppression is going to be required to retain political control. Russia is on track to become a giant gulag of poverty for its people, as the money runs out. This Summer will see it go from bad to worse economically and politically.
You are talking based on propaganda. First, oil and gas make about 15% of the Russian economy which is not really export-oriented. Second, Russia is currently receiving the all-time highs in terms of energy exports of about $1,7 billion per day. Whatever it is losing in volumes it gets more on higher prices.
The total replacement of the Russian gas in Europe is possible in about a decade with about $1,5-2 trillion in investments (although not assured) and that only to get LNG which is 4-7 times more expensive than Russian gas.
That would destroy the competitive edge for Europe, which is already losing to Asia, more so after the cheap Russian energy ends and diverted to Asia to fuel the Asian growth.
Most of the world outside G7 and Europe couldn’t care less about Russian sanctions. They are heavily divesting from the USD and related assets. They look at China in the first place, which is their main trading partner.
I think the West has outplayed its hand here. There is going to be a tectonic geopolitical shift and the world split into two or three blocks barely interconnected with each other.
The West is not going to be a leader in this setup.
Maybe it is not coincidence that the Ukrainians shut off the Russian gas pipeline, the same day that the US House of Representatives passed a big funding bill for the Ukraine.
The West is stepping up to pay the bill needed to replace Russian oil and and gas.
Strategic defeat of Putin, and historic disaster for Russia.
The Russian Ruble is trading at 2 year high to Euro and above 7 year average today. And the Europeans are getting a double-digit inflation. Putin is laughing all the way to the bank.
“Putin is laughing all the way to the bank.”
He who laughs last, laughs best.
The Russian economy and Russian Military are becoming sad jokes, as a result of Putin’s failed greedy gamble with Russia’s wealth, power and prestige.
Nothing for anyone to laugh about, this is real tragedy. Worst of all for the innocent Ukrainians whose lives and homes are being destroyed.
If wishes were horses. The propaganda you are hearing from MSM doesn’t equal reality.
Bingo!
Moreover, as to continual exploration for and identification of new fields, the "fossil" metaphor is a sales pitch, and little more. Petroleum is a hyyro- (water) -carbon (mineral) result of deep geologic pressures, and very likely is renewing itself.
Biden nixed the Keystone in favor of Buffet's rail transport of Canadian oil, so we know that when the Obama/Biden nexus is for a certain potential pipeline while being against another, there is in play "a piece of the action."
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