Putin cuts gas supplies to Europe...

[CosmicCowboy]

http://www.dailymail.co.uk/news/article-1106382/Europe-plunged-energy-crisis-Russia-cuts-gas-supply-Ukraine.html

Be interesting to see how long this lasts.

Just another reason LNG terminals need to get built in the US ASAP.

[ChumpDumper]

Eh, it will just accelerate the EU's securing other sources. Putin is screwing himself.

[hater]

^ does not understand how gas supplies work

[boutons_deux]

Just another reason LNG terminals need to get built in the US ASAP.

but the Repugs have been screaming "drill here, drill now" to obtain Energy Independence, and now Repugs and BigOil want to export as much of USA's limited NG and oil as soon, as fast possible. :lol

[cantthinkofanything]

^ does not understand how business works

[boutons_deux]

^ does not understand how business works

I understand how BigCarbon works, fuck America, fuck environment, fuck everybody, just make as much profit as possible this quarter.

[ChumpDumper]

^ does not understand how gas supplies workGas can come from places other than Russia.

That's how it works.

That's what's already happening.

That's part of the reason for this tantrum.

[RandomGuy]

^ does not understand how gas supplies work

How exactly does his post imply that?

Feel free to share you understanding, if it differs.

[hater]

building a continental gas supply network is not just opening up a faucet. good luck finding other sources

[RandomGuy]

Gas can come from places other than Russia.

That's how it works.

That's what's already happening.

That's part of the reason for this tantrum.

Pretty much.

Cutting off supplies creates "demand destruction". Not only do you get people looking for alternative sources of the commodity, you get all sorts of knock-on decisions, as OPEC discovered after its embargo when US consumers suddenly decided they would buy cars that got 50% better gas mileage.

Putin is simply harming the long-term market for the products he wants to sell.

[RandomGuy]

building a continental gas supply network is not just opening up a faucet. good luck finding other sources

http://www.gasinfocus.com/en/indicator/existing-and-planned-lng-terminals/

It will take billions and time, but there is more than enough money out there to do it, and the process has already begun.

http://www.gasinfocus.com/wp-content/uploads/2014/09/E11-2-442x360.png


Further a lot of these countries are going to push hard to move away from natgas simply because of national security reasons. Large government subsidies, and setting aside normally onerous red tape for such private projects get a lot easier to sell to taxpayers.

Between this, and Europe's own pushes towards renewables, does not bode well for Russia's long-term marketing prospects.

[hater]

It will take billions and time,

bingo. that's what I was looking for. a blanket statement "we'll just find other sources" is just that a blanket statement

it's just like me when I used to be a Comcast customer. and Comcast was the only cable supplier in my locality

I would be on the phone with them and say blanket statements like that "I'll cancel my membership and find another supplier!" the comcast ppl would just laugh at me :lol

[ChumpDumper]

Short term what is his angle?

Raising prices on the gas he is no longer selling to Europe?

This is a dumb move.

[boutons_deux]

Raising prices on the gas he is no longer selling to Europe?

how about raising the price of his gas he sells elsewhere than Europe?

He cut by 60% to EU, not 100%, so I think he figures he can force up the world price of NG, includes what he sells, to make up for the $10Bs in lost revenue because his oil now so cheap.

what is the spot price right now on NG vs before he cut?

[CosmicCowboy]

how about raising the price of his gas he sells elsewhere than Europe?

He cut by 60% to EU, not 100%, so I think he figures he can force up the world price of NG, includes what he sells, to make up for the $10Bs in lost revenue because his oil now so cheap.

what is the spot price right now on NG vs before he cut?

That's just dumb.

[cantthinkofanything]

how about raising the price of his gas he sells elsewhere than Europe?

He cut by 60% to EU, not 100%, so I think he figures he can force up the world price of NG, includes what he sells, to make up for the $10Bs in lost revenue because his oil now so cheap.

what is the spot price right now on NG vs before he cut?

https://sp.yimg.com/ib/th?id=HN.607991043953068127&pid=15.1&P=0

[boutons_deux]

Pootin is DESPERATE to make up the US$100Bs revenue he's lost, is losing on the price of oil.

What else does he have to sell on the international commodity market? NG, but artificially spiked up in price by this tactic.

He's trying to goose up the price of (his) NG by restricting supply in the way the Saudis have lowered the price of oil by pumping into an oil glut.

[cantthinkofanything]

Pootin is DESPERATE to make up the US$100Bs revenue he's lost, is losing on the price of oil.

What else does he have to sell on the international commodity market? NG, but artificially spiked up in price by this tactic.

He's trying to goose up the price of (his) NG by restricting supply in the way the Saudis have lowered the price of oil by pumping into an oil glut.

http://www.funnyfacespictures.net/pictures/funny-faces-crazy_grill.jpg

[boutons_deux]

:lol Pootin and I out smarted you dumbfucks, and ya got nothing to come back with.

[cantthinkofanything]

:lol Pootin and I out smarted you dumbfucks, and ya got nothing to come back with.

http://shechive.files.wordpress.com/2012/07/funny-faces-8.jpg

[Blizzardwizard]

Putin trying to scare the EU into submission per par :lol

EU doesn't care :lol

[boutons_deux]

Putin trying to scare the EU into submission per par :lol

EU doesn't care :lol

We'll if losing 60% of their gas supply causes some "care".

[boutons_deux]

Pootin is DESPERATE to make up the US$100Bs revenue he's lost, is losing on the price of oil.

What else does he have to sell on the international commodity market? NG, but artificially spiked up in price by this tactic.

He's trying to goose up the price of (his) NG by restricting supply in the way the Saudis have lowered the price of oil by pumping into an oil glut.

told ya

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150114_EOD15.jpg

[cantthinkofanything]

told ya

http://www.zerohedge.com/sites/default/files/images/user3303/imageroot/2015/01/20150114_EOD15.jpg

http://4.bp.blogspot.com/_DYStbEWApPs/TNf4xPB1Q-I/AAAAAAAAA_4/Do3giWAmzFU/s1600/faces05.jpg

[Axl Rose]

It's tit for tat you idiots we are about to be in a war

[m>s]

without gas how are we going to gas the muslims

[Infinite_limit]

Donetsk airport taken over by Russian seperatists




https://www.youtube.com/watch?v=OuTFxHM07oQ&x-yt-ts=1421828030&x-yt-cl=84411374