March 11, 2022
Why Isn't Russia Squeezing Europe on Gas Prices?
Mike
I have heard or read that the reason the US was buying this Russian oil was to have if needed to fulfill contracts if they have short falls. IOW if the US company made a contract for say 100 barrels of gasoline but due to unforeseen production slowdowns only produced 95 they would add the 5 barrels from Russia.
Since I have never seen an oil contract I dont know what penalties are incurred in case of shortage.
Now this leads me to ask this question. If Russia has Europe by the short hairs filling 30% of its energy needs why hasn't Russia been bleeding them dry in costs? Seems that Russia could name its price and yet I'm not seeing that.
Red Eyes idiots say that we could only supply Europe's demand for energy for a week before Europe collapses.
If Russia is such an energy power house why is its GDP less then that of Texas?
One other thing to add. Not all the French oil companies are in on the sanctions. I don't remember their name but they have a HUGE investment with Russia in a new LNG production plant.
Another LNG plant that Shell had invested in and sold its investments too is scheduled to come on line this year. Invest in Russian LNG
Tim adds:
Russia was squeezing Ukraine with LNG, charging usurious prices. It was at the heart of this invasion; the Ukrainians threatened to close Russian pipelines through their country to Europe.
The Russians were selling gas much more cheaply to the Europeans than to the Ukrainians. The Ukrainians were buying gas from Europe, gas that was coming through their country to get there.
I think Putin thought he'd have this nailed down by now. He didn't want this war going into the spring, so he would have leverage over Europe. Once it warms up LNG will be far less important.
I have heard or read that the reason the US was buying this Russian oil was to have if needed to fulfill contracts if they have short falls. IOW if the US company made a contract for say 100 barrels of gasoline but due to unforeseen production slowdowns only produced 95 they would add the 5 barrels from Russia.
Since I have never seen an oil contract I dont know what penalties are incurred in case of shortage.
Now this leads me to ask this question. If Russia has Europe by the short hairs filling 30% of its energy needs why hasn't Russia been bleeding them dry in costs? Seems that Russia could name its price and yet I'm not seeing that.
Red Eyes idiots say that we could only supply Europe's demand for energy for a week before Europe collapses.
If Russia is such an energy power house why is its GDP less then that of Texas?
One other thing to add. Not all the French oil companies are in on the sanctions. I don't remember their name but they have a HUGE investment with Russia in a new LNG production plant.
Another LNG plant that Shell had invested in and sold its investments too is scheduled to come on line this year. Invest in Russian LNG
Tim adds:
Russia was squeezing Ukraine with LNG, charging usurious prices. It was at the heart of this invasion; the Ukrainians threatened to close Russian pipelines through their country to Europe.
The Russians were selling gas much more cheaply to the Europeans than to the Ukrainians. The Ukrainians were buying gas from Europe, gas that was coming through their country to get there.
I think Putin thought he'd have this nailed down by now. He didn't want this war going into the spring, so he would have leverage over Europe. Once it warms up LNG will be far less important.
Posted by: Timothy Birdnow at
09:55 AM
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1
The Ukrainians refused to deal with the Russians and in so doing were paying a higher price for their gas since they were buying it from Poland who were extracting a profit from the sale to Ukraine. It was in many ways Ukraine poking the bear so to speak blaming Russia for high gas prices when it was their pigheadedness that was the issue.
Everywhere I have been looking into Ukraine's short history they have had this small stick and have used it to poke at the bear and the bear got tired of it.
Everywhere I have been looking into Ukraine's short history they have had this small stick and have used it to poke at the bear and the bear got tired of it.
Posted by: Mike at March 11, 2022 12:45 PM (0l7jx)
2
That is true Mike although Gazprom was charging them an arm and a leg; it was cheaper to buy Russian gas from Poland, even with the markup!
And of course the Russians had taken the Crimea away from them, so I wouldn't have any love for 'em either.
But your point is valid. The Ukrainian government was like the toadie to the schoolyard bully; not able to fight his own battles but arrogant because he was under the protection of the big mean kid. Unfortunatley for this particular toadie the big mean kid has proven to be nothing but a marshmallow.
And of course the Russians had taken the Crimea away from them, so I wouldn't have any love for 'em either.
But your point is valid. The Ukrainian government was like the toadie to the schoolyard bully; not able to fight his own battles but arrogant because he was under the protection of the big mean kid. Unfortunatley for this particular toadie the big mean kid has proven to be nothing but a marshmallow.
Posted by: Timothy Birdnow at March 12, 2022 09:26 AM (CO1yE)
3
Since I have never seen an oil contract I dont know what penalties are incurred in case of shortage.
Posted by: Fake Watches at August 28, 2023 02:16 AM (OAWTR)
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