UNG and BOIL are etfs you can purchase. People keep buying the dip and it keeps dipping. Lol.
Posted on 02/03/2023 9:40:12 PM PST by Cronos
...for lower than market rates.
It is illegal for Russian companies to sell under the cap.
The companies pumping through pipelines to Europe are eyeing the end of the practice.
As I said earlier, they are investing into chemistry to convert excessive commodity into plastics and fertilizers.
Also at least two LNG plants are under construction and more planned.
Both LNG and chemical procession are exponentially more added value than just selling gas and oil.
Raw oil and gas are also rerouted to Asia, on top on LNG. The capacity of PS pipeline expanded and the exports are beating records each month, one more pipe to China is under construction and another planned.
It won’t happen overnight, but in several years the whole situation is going to be the long term blessing for the Russian economy.
Europe never planned to live with it. Green energy and American LNG are a pie in the sky.
The plan was that Russia has to collapse to this moment, and they’d have oil and gas under own control.
They are still betting on it, doubling down on stupid.
They sure can last one year burning a trillion. It is not sustainable for two or three years.
Putin gambled and lost.
The invasion is failing and NG is less than 3 bucks a cubic foot.
Let’s see in a year. There is not enough capacity to keep the price low regardless the manipulations.
The sector is switching from Russian gas. It will be back to roaring in 2024
Their populations aren’t suffering.
They reduced energy expenses to stop the dictator Putin who has ruled and ruined Russia for the past 23 years, from conquering Ukraine
Buwaya, you just didn’t fall for the Putin/ NWO koolaid that Europe would freeze. PGR88 did
Worth stopping your Nazi dictator Putin and his oligarchs from conquering Ukraine
I like how you treat other people’s money:) It doesn’t stop anything, except European economy though.
Russian uranium thanks to Bill & Hillary.
putin is so arrogant he didn’t think this through.
he is so stupid he will blame everyone but himself for his own choices
European economy is doing fine, dumbass
Russia is the one running out of money, they just lost 30% of their annual revenues from no more oil or gas sales to Europe
losing that much revenue permanently is not sustainable, for any country
What is your background in the economy? Based on what parameters the EU is looking good? Based on that parameters you consider that Russia has lost 30% of revenue? Did you check the Russian trade balance compared to the US?
the US is irrelevant to this discussion, don’t change the subject
Europe is doing fine, read the news, there won’t be a recession
we know you Russian shills gotta portray the loss of Russia’s gas as some sort of “unbearable calamity”, but most of Europe is already past it ... this winter has proven that Europe doesn’t really need Russian energy anymore
just one more thing that Putin’s dumb invasion permanently changed ... and in less than a year!
False. Russia continued to offer to sell, it was the west that gave the finger to arussia, cutting off our nose to spite our face. This is more propaganda.
So much for Putin the master strategist. He threatened Europe too early with gas blackmail allowing them to fill up on storage, and then conscripted Russian men too late, just in time to freeze in Ukraine.
I never said that they are going to freeze. The Euros have simply lost access to cheap resources, the main driver of their economy. It did cost them $1 trillion in extra energy costs and some of the important industries which moved to the US and China.
They still don’t have and won’t have any alternative innforeseeable future, meaning that their deindustrialization and the loss of competitiveness is going to continue.
There’s a lot of Lee, Patel, Khan, and Muhammads in this world.
Not today, but longer term, flipping off SWIFT will have repercussions.
Western countries should concentrate on not destroying themselves demographically and culturally by allowing low IQ 3rd world trash into their countries.
Demographics is destiny.
There were lots of posts here like this one.
“There are estimates that over 100M could freeze in Europe this winter.
This is exactly what globalists want.”
UNG and BOIL are etfs you can purchase. People keep buying the dip and it keeps dipping. Lol.
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