Posted on 09/23/2022 9:31:02 AM PDT by Mount Athos
Nat gas is the problem for Europe more than oil.
Also, the downturn in the oil price won’t last too long. Governments control the majority of world oil reserves and they like the income.
Take some more hopium. It will make you feel better. Europe is being crushed economically and winter is coming. There will be a lot of dead old people this winter and it will be a real disaster unlike to COVID scam.
Mother Russia is seriously ill and suffering from existential sanctions
European gas storage was only designed to buffer short term interruptions in supplies due to maintenance and weather issues and cannot get Europe through the winter. Get a clue.
Dutch gas prices are falling. 1.5% this week.
Thanks for the links.
Very interesting reading.
Gas prices in Europe are falling. Down 1.5% this week. They are down almost 50% from the peak. Demand destruction from a global recession will push prices down further. The winter won’t be cheap but the Europeans will find solutions going forward.
Schadenfreude to the max!
BTTT
Stuff it, Greenie Weenies!
“So, ever so slowly, Putin’s lesson to Europe on being RESPONSIBLE about energy policies is starting to sink in.”
We Americans see it as President Trump’s lessons, Putin wanted NATO dependent on Russia and American President Trump wanted NATO to end that dependence, and now the invasion has awakened them and forced Trump’s advice on them.
What we want for Europe is a near-death experience, enough to burn in Trump’s recommendation to disengage from Russia and not depend on them for something so critical to NATO as energy.
How much was it when Biden seized power in January 2021?
Enery and heating bills have skyrockted in the UK, Germany and most European countries outside Norway which produces its own oil and natural gas. w9th plenty left over for exports.
The winter won't be cheap but the Europeans will find solutions going forward.
Not this winter they won't.
And not without Russian oil and gas.
The UK is doing something. They just removed the restrictions on fracking in the UK.
The EU should do the same.
Very good post.
Euro fags...got it coming.
And how is gas prices in the much bigger UK and the dominant economy Germany doing?
Oil Prices Tumble to Their Lowest Level Since January
https://www.nytimes.com/2022/09/23/business/oil-prices.html
No Democrat and Deep State Assholes. This is Biden’s War on Energy that Putin took advantage of. This is all on Biden and the Deep State. You own this. Embrace the Suck.
Thanks.
Reality crushing political BS aka mediot trash.
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