Article

2023-06-16 Europe

Europe is already officially one step away from the collapse of the industry

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by badanov 2023-06-16 00:00|| || Front Page|| [9 views ] Top

#1 Man, that was a tough read; must've made much more sense in its original language.

Posted by Raj 2023-06-16 00:16|| 2023-06-16 00:16|| Front Page Top

#2 He laments the fact that EU's very nature of distributing gas to the numerous client state this winter could be costly.

Posted by badanov 2023-06-16 00:55|| 2023-06-16 00:55|| Front Page Top

#3 Summary:

Europe survived last winter by spending huge amounts to subsidize consumers of energy

Next winter: ????

Posted by lord garth 2023-06-16 11:00|| 2023-06-16 11:00|| Front Page Top

#4 Oh well, they still have brown coal. Of course, it is brown, not green.

Posted by Abu Uluque 2023-06-16 12:07|| 2023-06-16 12:07|| Front Page Top

#5 Sour grapes from Russia. Their gas exports to Europe is 25% from before the war and the price has also collapsed to prewar levels. The Russian gov budget and economy are taking huge hits since the gas that went to Europe does not have ready export routes, Turkey being about it.

Russian gas is now less than 10% of European gas consumption (fig. 6) and the price is about the sames as it was in 2021. In addition, LNG exports from America to Europe have tripled since 2021, supplying half of LNG imports and becoming the #2 gas supplier after Norway (fig. 4). We could have done even better if the Obama-Biden cabal weren't such energy Commies.

Posted by Enver Slager8035 2023-06-16 14:59|| 2023-06-16 14:59|| Front Page Top

23:56 Uneating Phaviper2622
23:13 Uneating Phaviper2622
22:18 Canuckistan sniper
22:03 Uneating Phaviper2622
21:34 SteveS
21:33 SteveS
21:25 Uneating Phaviper2622
21:23 Canuckistan sniperia8698
21:22 DooDahMan
21:22 Uneating Phaviper2622
21:08 Anomalous Sources
21:06 Anomalous Sources
21:04 Anomalous Sources
19:52 M. Murcek
19:48 Raj
19:43 Raj
19:38 Glomorong B. Hayes6761
19:23 Frank G
19:22 Uneating Phaviper2622
19:19 Frank G
19:18 Frank G
19:07 Frank G
18:40 swksvolFF
18:35 Procopius2k