SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Financial Collapse of 2001 Unwinding
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Haim R. Branisteanu who wrote (8580)2/24/2022 2:41:45 AM
From: elmatador  Read Replies (1) of 13801
 
There is no threat of war. This is just trade by another name.
1) Russia wants long term gas contracts with its customers. The EU wants to trade gas in the spot market. Rationale of the EU: If we don't have resources, we make money trading gas from Russia.
Everybody would be a Swiss if they could, mind you.
Europe’s overall traded gas market was worth 680 billion euros ($787.37 billion) in 2020, turning over 70,512 terawatt hours (TWh), UK research firm Prospex said in a July report.
https://www.reuters.com/business/energy/germany-launches-nationwide-gas-trading-hub-2021-10-01/


2) Ukraine oligarchs side with the EU. This made the Russian oligarchs unhappy. Putin had to do something about it.
https://icds.ee/en/breaking-the-natural-law-of-gas-deliveries-the-mechanism-of-the-reverse-flows-in-ukraine-and-europe/

It is an European thing. They've been doing this for the past 2,000 years. France and Germany twice last century battle for the Alsace-Lorraine (coal and iron).
In fact Hitler push east, seeking lebensraum, was to take Ukraine.

This time around is not coal and iron, It is oil and gas.
The Americans, being the Americans -traders by heart- are making a killing shipping expensive LNG to the EU, "rescuing" the Europeans.
The US is used to this convoy to Europe thing.

is everybody winnning? No. The consumers are paing the price
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News