Posted on 09/07/2022 9:05:12 PM PDT by hardspunned
Russia expects the price of its natural gas exports will more than double this year compared to a year ago, according to an economy ministry forecast seen by Reuters.
This year's average price is now seen at $730 per 1,000 cubic meters, up 140% from 2021 and up 39% from the Kremlin's previous forecast for 2022.
European gas prices have skyrocketed since Russia's invasion of Ukraine as state-run energy giant Gazprom reduces flows via the Nord Stream pipeline.
After this year, Russia sees its gas export prices retreating to $471.8 in 2023 per 1,000 cubic meters, $383.9 in 2024 and $331.6 in 2025 — though they will still be above pre-invasion levels.
(Excerpt) Read more at markets.businessinsider.com ...
Diesel has gone up more than 140% in the US since Biden was elected.
If that is all it will go up, they’ll be fine.
Democrats and RINO’S are playing games, Putin isn’t.
$80B will replace a lot of old Warsaw Pact junk with the latest Chicom military tech.
I hear the Chicoms have got really good tires to sell to Russia. The reality is that $80 billion will go to outfitting mega yachts for Putin’s corrupt oligarchs and the rest wasted on cheap Chicom garbage.
“as Moscow cuts supplies to Europe”
___________
I thought Europe cut ties to Russia.
Isn’t this the perfect opportunity to point out how the Climate Change, Green Energy push is worthless? After all these years Europe has been touting this....50 years....and they have pretty much nothing to show for it. It’s a lie. They need fossil fuels.
It is widely reported that Russia is developing new customers who will violate sanctions for gas sold at extreme dscount.
Reduced sales at a cheap price will not replace therevenue from Europe
I would predict that Europe would see a major sea change in their parliaments during their next elections.
But I won’t because Europeans are thoroughly socialist in their thinking.
Which is to say they are fools.
It is widely disbelieved that the Russian aren’t making profits hand over fist as it sells at a discount to its BRICS partners. NET, Putin will earn a minimum of $80B MORE on gas than anticipated before the invasion. Putin will have no problem selling all the gas he cares to export at a substantial higher profit margin as long as Brussels and DC continue to bend us over and ask for more. Putin and Xi are making out like bandits. You, me, the other losers being led by EU/DC dipshits pay the entirety of the wildly increased profits to Russia while we will sit in the dark and shiver.
Chicom “tech” is overrated. China’s ponzi-scheme economy is collapsing under the weight of decades of fraud, stupendous corruption, and the world’s highest debt load.
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