Posted on 01/21/2023 7:09:47 AM PST by canuck_conservative
In 2021, a whopping 83 percent of Russian gas was exported to Europe. Russia’s global exports of 7 million barrels of oil a day and 200 billion cubic meters (bcm) of piped gas a year accounted for about half of its federal revenue...
Far from freezing to death, Europe quickly secured alternative gas supplies by pivoting to global liquefied natural gas (LNG) ... these alternative supplies have reduced Europe’s dependence on Russian gas to 9 percent of its total gas imports...
Furthermore, Europe’s unseasonably warm winter means that not only have the worst-case scenarios been avoided, but Europe’s full storage tanks have barely been drawn down and can carry over into next winter. In January, German storage tanks were a record 91 percent full, up from 54 percent last year, meaning that Europe will need to buy significantly less gas in 2023 than in 2022.
Europe is now assured sufficient energy supply well into 2024 at a minimum, providing enough time for cheaper alternative energy supplies to be fully onboarded and operating within Europe. This includes the completion of an additional 200 bcm/year in LNG export capacity by 2024 — enough to fully and permanently replace Russia’s 200 bcm/year gas exports once and for all.
Putin is drawing practically no profit from gas sales, as his prior 150 bcm sales of gas to Europe have been replaced by a measly 16 bcm to China and pocket change in global LNG sales, barely enough to cover expenses. There are no markets for Putin to replace anything close to that 150 bcm shortfall: China lacks the necessary pipeline capacity to take any more for at least a decade and prefers domestic and diversified sources of energy anyhow, while Russia’s laggard technology makes it impossible to scale LNG exports beyond a slow trickle....
(Excerpt) Read more at foreignpolicy.com ...
Sucking up the published talking points and throwing them up all over the place - putrid.
Immoral people draw on manipulative propaganda to manipulate others and
I’m doing so resort to fallacious deceptive rhetoric on a mass scale to satisfy their dubious ambitions.
Sick.
In doing so, dang autocorrect.
The world didn’t need the USSR [1917-1990], except for maybe 1941 to 1945.
If it wasn’t for Stalin and his Non-Aggression Pact with Hitler, so he could get his slice of Poland, there wouldn’t have been a 1941 to 1945.
The Ukrainian War boosters are totally deranged. They actually think that this is going to end well when it will only end in a morass a misspent $trillions and millions of dead.
You can also blame the Kaiser for the USSR, by allowing Lenin safe passage to Petrograd to trigger the Revolution.
A bit O/T, but North Texas weather can be pretty fickle. I've seen several years where it will be nearly 80 in Jan-Feb, then a blue Norther barrels in the following week, taking the temps into the teens.
I lived in Germany for 4 years, I never encountered an "unseasonably warm winter"...it was always cold.
I love the sound of Russian shills in denial in the morning
Time to nuke Russia!!?
Rember the term “Oil is fungible?” Despite the sanctions, that’s still a thing.
—”The Pravda of the Deep State establishment.”
Pls, post a list of your accepted sites so we can see what the truth looks like.
NB: The English meaning of Pravda is TRUTH.
Perhaps a better title would be:
Russia No Longer Needs the West
—”I know you bidenistas want Russia to be failing but the facts are that their economony is fine and “
With the Russian economy doing so well, pls tell us about your gains from Russian stocks, currency, ETFs...
Yes, the ruble was up over 20% against the USD at one point, now about 10%.
Also, explain how you repatriate your profits???
That must be an interesting trick.
This is just the typical establishment propaganda you’d expect from these people. European industry won’t be economically competitive without cheap Russian energy. As it is they are still getting Russian gas through intermediaries, jacking up its price. If NATO goes to war against Russia directly, Putin could pull back exports screwing Western economies further.
The bigger issue though is Russia is now accepting alternative payments outside the dollar, and Saudi Arabia is about to do the same thing. As the US petro-dollar crumbles, so will the value of the dollar. If you think inflation is bad now, well you haven’t seen nothing yet.
Tell that to those in the UK where inflation has reached a 41-year high and where citizens are burning cat litter to stay warm this winter:
UK Inflation Reaches 11.1%, Highest in More Than 40 Years - The New York Times.Nov 16, 2022
https://www.express.co.uk/news/science/1718424/heating-wood-pellet-shortage-cat-litter-russia-ukraine
Heating crisis as households resort to burning cat litter due to wood pellet shortage
Or tell that to those in Germany where inflation is also at 40-year high:
Germany ended 2022 with an overall inflation rate of 8.7 percent, the highest annual rate since the country's reunification after the end of the Cold War in 1990 and up from just 3.2 percent in 2021, the federal statistics office said Tuesday.Jan 3, 2023
And, German government is destroying villages and force people to move in order to expand coal mines and keep the heat on:
https://tfiglobalnews.com/2023/01/05/germany-burns-its-villages-to-keep-its-cities-warm/
Villages in Western Germany have to be razed to allow the expansion of a coal mine, a plan that is drawing resistance from climate activists. Reportedly, the hamlet is to be demolished to expand the Garzweiler lignite mine, despite protests from environmentalists who fear millions more tons of heat-trapping carbon dioxide will be released into the atmosphere.
The Heinsberg county administration has issued an order barring people from Luetzerath stressing that, if they fail to leave, police will start to clear the village from January 10 onward. As a result, Germans residing in violence started rioting.
It's Russia, you moron, that doesn't need the West anymore. The Biden regime's sanction war, like everything else it has done, has been a total failure.
Russian Derangement Syndrome is plague about this country and the West as are the globalist charlatans that undermine American First policies for their own financial gain.
“War is peace. Freedom is slavery. Ignorance is strength.” ― George Orwell, 1984
What’s it like to be psycho... I mean psychic?
Yes, LNG factors in, but biden shutting the pipeline was huge. Also, the biden bureaucracy doing all they can to stop US energy production.
Natural gas has been going up before Putin attacked Ukraine.
—”We need Russia, idiots.”
NO!
Most if not all of the US price of natural gas is from biden.
See #38.
—”Wanna bet?”
On the success of the Russian economy?
Pls, respond to #38.
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