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Europe is hardly dependent on the US for gas. Russia still supplies more gas than the US does, and even when the current US and Russian supplies are combined th
by verzali 1y ago
Europe is hardly dependent on the US for gas. Russia still supplies more gas than the US does, and even when the current US and Russian supplies are combined they are less than the total Russian supply in 2021.
https://www.consilium.europa.eu/en/infographics/where-does-the-eu-s-gas-come-from/ https://www.consilium.europa.eu/en/infographics/where-does-t...
- marcinzm 1y agoI understand how economics function. If you drop supply 10% for a basic necessity then prices will go up by much more than 10%. You don't need to stop something, just reduce it enough to drive prices way up to the point where people can't afford them.
- verzali 1y agoGas is stored over many months and then mostly used in the winter. So you cannot quickly impact consumer prices in the way you suggest. Supplies in general are now more diversified and flexible, so any supplier can be replaced more easily - LNG by ship is far easier to replace than gas that relies on pipelines.