Weatherman2020
Diamond Member
Cold-stricken Europe is drawing a flotilla of U.S. liquefied natural gas cargoes amid an energy crisis that has sent gas prices to record levels.
Facing a winter shortage and little relief from the continent’s main supplier Russia, natural gas in Northwest Europe is trading for about $57.54 per million British thermal units, up almost a third from a week earlier. That’s roughly $24 higher than Asian prices and more than 14 times higher than gas being sold on U.S. benchmark Henry Hub.
Meanwhile Germany wants it gooder and harder:
Facing a winter shortage and little relief from the continent’s main supplier Russia, natural gas in Northwest Europe is trading for about $57.54 per million British thermal units, up almost a third from a week earlier. That’s roughly $24 higher than Asian prices and more than 14 times higher than gas being sold on U.S. benchmark Henry Hub.
Bloomberg - Are you a robot?
www.bloomberg.com
Germany's Reaction To The Energy Crisis Could Be Catastrophic
- Germany's determination to go green despite an energy crisis in Europe could significantly impact the country's energy security
- While power prices in Europe have been soaring and natural gas prices have begun to drop, Germany is refusing to change its energy policy
- Specifically, it is Germany's decision to phase out nuclear power and accelerate the phase-out of coal-fired plants that has confused analysts
ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero
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