About time somebody did … however it is not like many others weren’t warning where this was heading?
Note: Please try to ignore Andy’s constant interruptions, he’s Irish you know? }};-D
Tim
https://www.bnnbloomberg.ca/natural-gas-soars-700-becoming-d…
COMMODITIES 13h ago
Natural gas soars 700%, becoming driving force in the new cold war
Gerson Freitas Jr, Stephen Stapczynski and Anna Shiryaevskaya, Bloomberg News
From Ycharts, below are the EU natural gas import prices for May of the last few years…
https://ycharts.com/indicators/europe_natural_gas_price
May 2019: $4.341 per million BTU
May 2020: $1.575
May 2021: $8.909
May 2022: $29.850
The price was actually higher earlier this year, as high as $42.39 in March. But if the Russians throttle down on the Nord Stream 1 flow, I could see the price going back up.
An explosion and fire in June at a Texas LNG export terminal also doesn’t help the Europeans. This terminal shutdown actually caused US nat gas futures to decline, since there is more supply now in the states, with less of it going overseas.
https://www.reuters.com/markets/commodities/freeport-lng-ext…
The feds are making it tough for the Freeport LNG facility to restart operations.
https://www.reuters.com/business/energy/us-regulator-finds-u…
Literally, just a few minutes after I posted that, Ycharts updated their graph to include June 2022.
https://ycharts.com/indicators/europe_natural_gas_price
June 2022: $34.35
Gee Tim, it is ‚Merkel‘ 
But yes, Germany enjoyed 16 years of her chancellorship and sharp, to-the-point analytics.
Too bad the latter had no tangible impact on the policies of her governments, which turned out to be enthusiastically supporting the job creators (who in turn were enthusiastically donating to her party) and ensuring the good times keep rolling, facilitated by the peace dividend, anything else being secondary.
There must be a link here somewhere but I just can’t pinpoint it.
Too bad the latter had no tangible impact on the policies of her governments, which turned out to be enthusiastically supporting the job creators (who in turn were enthusiastically donating to her party) and ensuring the good times keep rolling, facilitated by the peace dividend, anything else being secondary.
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You are forgetting Gerhard Schröder:
Gerhard Schröder, a former chancellor of Germany who is a personal friend to President Vladimir V. Putin of Russia and a well-paid lobbyist for Russian energy companies, will be stripped of more than 400,000 euros worth of privileges that go with his former office, a German parliamentary budget committee ruled on Thursday.
https://www.nytimes.com/2022/05/19/world/europe/gerhard-schr…
"You are forgetting Gerhard Schröder:
Gerhard Schröder, a former chancellor of Germany who is a personal friend to President Vladimir V. Putin of Russia and a well-paid lobbyist for Russian energy companies, will be stripped of more than 400,000 euros worth of privileges that go with his former office, a German parliamentary budget committee ruled on Thursday.2
These useless privileges financed with taxpayer´s money should´have been cut long time ago.
Besides, I bet that Mr Schröder never needed them.