4 ms·
I see no logic in your statements. High gas prices especially help those who can sell a lot. Russia's ability to sell gas is hampered in the long run. Norway
by hackandthink 4y ago
I see no logic in your statements.
High gas prices especially help those who can sell a lot.
Russia's ability to sell gas is hampered in the long run.
Norway and the USA are benefiting.
(Seymour Hersh)
- bshipp 4y agoThe USA is not benefiting in any appreciable way from the loss of NS2. While LNG shipments are certainly higher, it's a drop in the bucket compared to overall production volumes. To verify this, just look at how far the US spot market price has fallen over the past year and how uncorrelated NG pricing movements are to Russian aggression. Exports have done nothing to hold up the price.
- hackandthink 4y agoI agree here: USA is somewhat benefiting but it would not be the main reason for blowing up the pipelines. Russia is not benefiting at all and I find it hard to see a reason for Russia to blow up their pipelines. (but who knows, maybe Putin's mind is just different)
- bshipp 4y agoIf the pipeline is no longer an economic tool, it becomes a political tool. NS2 had never carried a burp of gas, and NS1 had been empty for months before it blew. Both were pressurized with inert gas to keep from collapsing. So if Russia is paying maintenance and upkeep on two pipelines that aren't actually making them a penny, they're an economic drag. Blowing them up and blaming the UK and then the USA was a bald attempt to drive a wedge into the western alliance while simulateously cutting operational losses.