RE: Tell me what’s going to happen in Ukraine, how many LNG terminals Europe can get online and whether Russia will still be a pariah state and I’ll take a guess at what’s going to happen to natural gas prices.
I just mentioned those factors in Post # 48 above.
As you can see these are all GOVERNMENT policies affecting the price of natural gas. It might not be ours, but we’re indirectly encouraging them somewhat through our influence.
* Russian invasion of Ukraine is government policy (Putin and his minions are government
* Our continually sending arms to Ukraine thus prolonging the war is OUR government policy
* European dependence on Russian energy is government policy.
* German refusal to use their coal is government policy.
Ok, here’s a scenario… suppose :
* Germany increased their coal production and restarted the nuclear plants that they shutdown because of Fukushima
* We use our diplomatic influence to push Russia and Ukraine for a ceasefire and to start negotiations
* UK increases North Sea Oil and Gas licenses next year
What do you think will happen to energy prices?
I tried to be pretty clear I was referring to the effect of US energy policy - the topic of the thread.
What do you think will happen to energy prices?
Coal would probably get cheaper but it’s mostly going to China. The Germans would probably have lower electricity prices. A ceasefire won’t do anything until a deal is reached, even then it won’t help much if Putin’s still around. Western countries won’t trust Russia as a supplier as long as he’s there.
If new leases actually resulted in more production it would marginally lower natural gas prices in Europe.