Posted on 06/15/2022 6:21:41 AM PDT by SpeedyInTexas
They’re going to be bleeding from the eyes if Russia’s General Winter strikes hard before the turn of the year...
The article also mentioned: “ Egypt recently signed a flurry of preliminary agreements for green hydrogen and ammonia projects on its Red Sea coast.”
Ammonia means fertilizer production, another Russian export being replaced. It is produced from natural gas.
“ the EU will encourage European companies to participate in Israeli and Egyptian exploration tenders”
A bunch of the experts (Royal Dutch Shell, Total, Chevron) that were developing Russian supplies will now be formally reassigned to developing these competing supplies. They will be backed up by billions of Euros of capital, that otherwise would have been going toward developing the future of Russian production.
It does not happen overnight, but it is happening in a big way.
“My comrades are saying that the Spot Price of Natural Gas in Europe is now over $1300 per 1000 cubic meters, more than 10 times what Russia was selling them gas for (maybe 20 times, can’t remember).”
Sounds like a good incentive for Europe to bomb Moscow if Russia nukes Ukraine.
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