The Dollars and Euros needed to finance new LNG capacity to replace Russian supplies, are flowing in a tidal wave.
Once this investment capital is sunk, there is little incentive to ever return to Russia.
Putin has created the most historic cratering of Russia's essential natural gas industry (1/4 of Russia's GDP) ever.
Russia has other means to sell their products. Hell, even Saudi Arabia is buying their cheap product for resale to us.
BRICS can get along without the West.
My calendar says it’s 2022, not 2024.
You will be paying twice as much for heat this Winter to support the Ukraine war.
Energy markets being remade.
USA and Texas big winners!
Sidenote: Harvard’s endowment will likely be overtaken this year by another endowment as the largest in the country. Guess which one. Yale, Stanford, Princeton? No. University of Texas.
In the 1800s, the state of Texas gave alot of Texas land to the universities. The idea was the universities could lease the land to cattle ranchers and generate some money. Of course, oil was discovered on that land. UT, Texas A&M, etc are earnings millions EACH DAY from royalties.
I think Harvard endowment was worth low $50B. UT was low $40B. Harvard will be down this year because of the stock market decline. UT will go up big this year because of oil.
So all you plebs,
go load up on all those tripled LNG STONKS right now
so we, your priviledged Betters, Insiders and Grifters (do I repeat myself?)
can off load it all at the top to you Losers, Lemmings and LiteWeights!
Catch Phrases like Peak Oil are so pre century and don’t necessarily have the numbers to back up their claims.