Upcoming Energy Crisis

[Leveraction44]

Let's start war with Russia. That will triple the energy cost!!! All, but 2 Russian gas pipelines run to Europe thru Ukraine.

Europe has blundered its way into an energy crisis that will only get worst and probably severe this winter. Russia is their main supplier of fuel at this point. Putin is ruthless and strategic and knows the score. No way does the EU do anything that would cause Putin to cutoff their main energy lifeline. Putin has them bent over the oil barrel. The only decision for the EU leaders is do they want it with or without KY. The EU will not side against Russia.

 

[Jeddak]

Europe has blundered its way into an energy crisis that will only get worst and probably severe this winter. Russia is their main supplier of fuel at this point. Putin is ruthless and strategic and knows the score. No way does the EU do anything that would cause Putin to cutoff their main energy lifeline. Putin has them bent over the oil barrel. The only decision for the EU leaders is do they want it with or without KY. The EU will not side against Russia.

It depends. Lithuania already pledged to send troops to Ukraine.
And European and US economies are crashing

 

[Leveraction44]

 

[lostchild]

View attachment 3793483

Can somebody ‘splain that in ‘Murican lingo?
looks like that’s all futures projections.

 

[Leveraction44]

Can somebody ‘splain that in ‘Murican lingo?
looks like that’s all futures projections.

Those are market prices in Europe. For Germany the market thinks this time next year, the price of electricity will be 6 times the price as the average price between 2010 and 2020. So if a household was averaging paying $100 a month for electricity over the last decade, their new cost projected next year will be $600 a month.

French - Markets have priced February electricity at 1000 Euros per 1000 kilowatt-hours. That is almost 10 times what we pay for an equal amount of electrical energy.

 

[Leveraction44]

"... administration’s deliberate efforts to curtail domestic energy production. Among Joe Biden’s first acts in the White House were executive orders imposing a moratorium on oil and gas leasing on federal lands, the suspension of oil drilling leases in the Arctic National Wildlife Refuge, and a directive preventing the administration’s executive agencies from spending taxpayer dollars in ways that could subsidize the fossil-fuel industry. Biden’s anti-pipeline policies have led developers to abandon transit corridors—that is, when pipelines aren’t being summarily canceled by this administration, which was the fate of the Keystone XL pipeline. The White House has also routinely floated punitive tax hikes targeting energy producers, which have contributed to a chilly investment climate around the capital-intensive, long-term development of new oil and natural gas deposits."