Posted on 07/30/2022 3:57:26 PM PDT by BeauBo
“Further disruptions are expected as Russia seeks to increase political and economic pressure on Europe as winter approaches,” Penny Leake, Research Analyst for Europe Gas and LNG at Wood Mackenzie, said, commenting on the restart of the Nord Stream pipeline...
If Nord Stream flows remain at around 40% capacity, the EU could be able to fill its gas storage to over 80% by November, WoodMac analysts say.
But if Nord Stream flows reduce to zero by August this year, Europe will only be able to refill its storage to 70-75% by the start of winter, risking some demand curtailments and deficient levels of gas in storage when winter ends. In case of a very cold winter in Europe and Asia, Europe could run out of gas in storage by February 2023, risking curtailment of 7% of total gas demand or 30-35% of all industrial demand in winter, Wood Mackenzie said.
(Excerpt) Read more at oilprice.com ...
Russian cutoff and European rationing seem more likely, as blood continue to flow in the Ukraine.
duh...
vlod wont negotiate, so he will suck it
Well yes. Or more rather, they will continue to threaten and short the gas to get their political way.
I’m sure Sleepy Joe will be happy to give Europe our gas this winter, ya know friendsies and everything.
Germany largely bans fracking with new laws
11.02.2017
https://amp.dw.com/en/germany-largely-bans-fracking-with-new-laws/a-37510063
Talking Points on how Europe’s fracking bans have contributed to its natural gas crisis
By Alex Epstein
https://energytalkingpoints.com/european-fracking-bans/
Excerpt:
Foolish fracking ban 1: France
Gas-dependent France has banned fracking for natural gas since 2011. https://www.theguardian.com/environment/2017/dec/20/france-bans-fracking-and-oil-extraction-in-all-of-its-territories
Foolish fracking ban 2: Bulgaria
Gas-dependent Bulgaria has banned fracking for natural gas since 2012.
https://www.bbc.com/news/world-europe-16626580
Foolish fracking ban 3: The Netherlands
The gas-dependent Netherlands has effectively banned fracking for natural gas since 2015.
https://www.dutchnews.nl/news/2018/02/dutch-minister-confirms-ban-on-drilling-shale-gas-not-an-option/
Foolish fracking ban 4: Germany
Gas-dependent Germany has banned fracking for natural gas since 2017.
https://www.umweltbundesamt.de/themen/wasser/gewaesser/grundwasser/nutzung-belastungen/fracking
Foolish fracking ban 5: Ireland
Gas-dependent Ireland has banned fracking for natural gas since 2017.
https://www.irishtimes.com/news/politics/oireachtas/ireland-joins-france-germany-and-bulgaria-in-banning-fracking-1.3137095
Foolish fracking ban 6: The UK
The gas-dependent UK has banned fracking for natural gas via a moratorium since 2019.
https://www.blackpoolgazette.co.uk/business/consumer/frackings-future-looks-bleak-cuadrilla-gives-its-drilling-licence-lancashire-3064756
Foolish fracking ban 7: Spain
Earlier this year, gas-dependent Spain joined other European nations in foolishly banning fracking for natural gas, as well.
https://ihsmarkit.com/research-analysis/spain-becomes-fourth-eu-country-slamming-ban-on-fossil-fuel-ep-.html
All the European nations that banned fracking are still 100% dependent on natural gas to survive. In fact they are even more dependent than they used to be because their use of intermittent solar and wind requires the unique flexible backup that natural gas can provide.
Like President Biden in the US with his fracking ban on Federal lands, European leaders thought that if they banned their ability to frack natural gas they would somehow stop needing to use natural gas. But the need has not gone away—and now they are even more at Russia’s mercy.
While the alleged justification of fracking bans was the desire to reduce CO2 emissions, this never made any sense because a) natural gas use is the fastest near-term way of reducing emissions and b) European nations also oppose non-carbon nuclear.
https://twitter.com/AlexEpstein/status/1438148023285022720
What should European nations do about their self-inflicted suffering? One, they should immediately reverse their deadly fracking bans. Two, those who have championed fracking bans should apologize and promise to radically cut their own natural gas use.
Instead of meaningless gestures like “Earth Hour,” the European anti-fracking movement, along with the American anti-fracking movement, should celebrate “Earth Winter”—keep their thermostat to 60°F or less so that the deserving can have affordable gas.
https://twitter.com/AlexEpstein/status/1443230372796399617
Maybe Europe will invade Russia and take it all , na
Give?
He needs to be forced to let us drill and sell. This is only a crisis due to environ-MENTAL-ists.
Imagine a world where America didn’t shoot itself in the oil foot.
Didn’t Trump warn them?
It is already done, with its invasion and war crimes.
Russia can cut the gas off early as its customers are leaving, as a kick in the ass on the way out, but the bottom line is that the customers are leaving in bulk, and Russia is screwed - fundamentally and Strategically.
Putin did that!
Will democRATs steal elections?
“Maybe Europe will invade Russia and take it all”
Likely it will eventually be China, and likely they won’t have to fire a shot.
Unless or until the Russians have a change of Government.
That means less for us or more specifically much higher gas prices.
You don’t blame the grocer when some idiot refuses to buy his food, goes on a hunger strike and dies.
Yep, they’ve Greened themselves into freezing.
Charles is two fries short of a Happy Meal!
Will Russia Cut Natural Gas Flows To Europe?
————
Sounds good to me, “ all is fair in love and war” ?….cut it all off as far as I am concerned….Vlad is showing much restraint in the war, not cutting off ALL energy to the West insures his war is paid for….as the West goes billions of more dollars into debt.
Fact is Russia has many buyers of their oil, he gives discounts to those that are not supporting Brain dead Biden’s sanctions. Saudi Arabia was caught buying Russian oil, they bought it at a discount and resold it for a 15 percent profit.
That said, India, China ( half the world’s population) and a host of other nations are snapping up the bargain.
“ China overtook Germany as the largest importer, importing nearly 2 million barrels of discounted Russian oil per day…”
https://finance.yahoo.com/news/still-buying-russian-oil-gas-150000467.html
That article is dated, you can pull up the growing list on your own.
….and Vlad says checkmate.
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