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I am not expert in oil and gas markets, but some things in this article doesn't make sense. That Mexico benefited greatly, ecologically from US exports is grea
by desireco42 9y ago
I am not expert in oil and gas markets, but some things in this article doesn't make sense.
That Mexico benefited greatly, ecologically from US exports is great.
That US exports will diminish the demand for Russian gas and oil, in EU especially and in China/India is ridiculous. Size of how much they are supplying and infrastructure is just several times larger and it isn't likely that US can make a dent. What they are using this as PR push, to make it seem like EU can replace Russian imports with US.
I am not sure this is the future of energy, and I see this as a propaganda push more then anything else.
- woodandsteel 9y agoTwo reasons the story makes sense 1) Russian prices are much higher than production costs because the Russian government gets half its income from petroleum sales. 2) European countries are willing to pay a premium for US gas because they hate how Russia uses European dependency on Russian gas as a political weapon. By the way, you wouldn't happen to be a big Putin fan, would you?
- desireco42 9y agoI must be since I don't see EU countries paying 1.5-2x for gas due to ideological reasons. Prices has nothing to do with capacity, amount that pipelines provide is vastly higher than what can be brought by tankers. By the time EU build ports and tankers, other energy sources will be mainstream and this will not be relevant. Again, in my view, pure propaganda move.
- woodandsteel 9y ago>I must be since I don't see EU countries paying 1.5-2x for gas due to ideological reasons. No, as the article says, the prices are only 20% higher. And again I ask you, are you a big Putin fan?