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7 Comments
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"I dont want anyone to be alarmed by any explosions. These are good explosions" is a WILD thing to say
this was the ENTIRE point. The U.S. was looking to get into Europe's NatGas market. Russia basically had a monopoly. U.S. wanted in on the game.
Us decided to frack and start oil production in response to Oil Embargo in 1970s. EU just started getting oil from Russia despite us telling them for years not too. Enjoy the consequences. They Depend on Russia for oil, US for defense, US and china for market. EU was once controlled the world, now they are controlled by everyone else.
Te facilities appear to be somewhat limited and the European Consumers Disposable Incomes are as well. Even Qatar admits the infrastructure will be unable to support gas at levels that Russia was capable of supplying.
The ability to sell LNG needed to have Russia chased out of the Gas Business.
Like the business practices of JD Rockefeller, forcing a competing operation out of business was something that led to Standard Oil being the target of Trust Busters who supposedly split the company up.
The US State Department appears to now embrace Standard Oil Practices as they have driven Russia out of business.
The US Government now displays ethics that were condemned in 1911.
We sure have come a long way baby?
Since there is such a great demand for US LNG from Europe, why then the price of NAT GAS in US came down to $5.47 ? It should stay above $7, or higher.
There are no earth quakes in Europe what a joke