Posted on 07/23/2022 8:55:53 AM PDT by SpeedyInTexas
Russian President Vladimir Putin can afford to cut off natural-gas exports to Europe thanks to ample revenues from other commodities, but such a move would come with longer-term risks for Russia’s sanctions-stricken economy and its prolific energy industry.
Earlier this week, Moscow resumed gas supplies via the Nord Stream pipeline after annual maintenance ended, easing worries in Europe that Mr. Putin would further crimp exports at a time when the continent is filling up its storage ahead of winter. The restarted pipeline, however, is pumping at just 40% capacity, after a separate, still-unresolved technical issue that Moscow blames on Western sanctions.
(Excerpt) Read more at wsj.com ...
A second one is currently under negotiations with Beijing but won’t be ready for years. Western sanctions would also prevent Russia from building and maintaining some of the needed export infrastructure, including pipelines and turbines, analysts said.
Russia has been injecting more gas into storage sites and shutting some production, analysts said. According to analysts at Goldman Sachs, Gazprom’s production is down more than 35% year-over-year for the first half of July."
Archived version: https://archive.ph/oNxSx
China held control of world’s supply of “rare earths*.” That was, until they decided to use their overwhelming control as a political hammer. Suddenly, mines around the planet that were not economically viable while the Chinese kept the prices artificially low with subsidies, were economically viable again. “Poof!” Economic weapon vanished.
* Rare earths are not rare. The problem with them is that, in order to concentrate them, they must be “washed” in very toxic chemicals. The Western nations said, “Not in my back yard you don’t!” But China said, “We’ll just flush the overflow down river.”
Trump husbanded a mine in, I think California. But by the time it was ready to begin operations with certified processes, he left office. I don’t know what happened since then but would not be surprised if it was shut down as there was huge opposition by the anti-technology in the free world people.
Sanctions have collapsed. Biden remains clueless as do his followers.
The EuroPeeings are whistling past the empty, stolen Gazprom natgas storage bunkers...
This has been a process for western globalists for years. The rest of the world is just getting the heads up. BRICS is expanding rapidly and in the two most critical areas, food and energy production (new members Argentina and Iran). The two areas the west is aggressively DEemphasing! Soon the rest of the world will be able to totally control the suicidal west. They control the export of food and energy, the west, climate lies and perversions. Who’ll dominate?
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Winter is coming......natty gas doubles in a year
“Winter is coming......natty gas doubles in a year”
Be careful if you want to “invest” on that thesis.
It is very possible EU nat gas storage levels reach 80-95% by start of winter.
An EU mild winter this year and prices could collapse.
I’ve been burned with nat gas investing in the past. Oil can be driven by OPEC decisions, recessions, etc. Nat gas prices can be driven by Weather. Weather doesn’t always cooperate.
China, India and South Africa are paying a small fraction of what they paid before for Russian oil (at 1:08:55 in the following). After the end of this year, they’ll probably pay far less than they are now.
https://youtu.be/qeF6uanPnTI?t=4135
Note well taken Speedy. Got burned on the Freeport LNG BS.
The daily technicals looks like a head and shoulders forming.
Nord Stream 1 back on line….. but only at 40%. German men have
started choppin wood for winter.
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