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To: Broken_Clock who wrote (1365909)	7/9/2022 1:28:21 AM
From: sylvester80	2 Recommendations Recommended By Doren pocotrader Read Replies (2) \| Respond to of 1573924

BOMBSHELL: Greece, Bulgaria complete 'energy bridge' to CUT Russia gas reliance giving a BIG PHAK U TO NAZI POOtin reuters.com 2 minute read 1/5 Greek Prime Minister Kyriakos Mitsotakis and his Bulgarian counterpart Kiril Petkov pose for a picture during the inauguration ceremony of the Interconnector Greece-Bulgaria (IGB) gas pipeline that will carry gas from Komotini to Stara Zagora in Bulgaria, in Komotini, Greece, July 8, 2022. REUTERS/Alexandros Avramidis ATHENS, July 8 (Reuters) - Greece and Bulgaria marked the completion on Friday of a long-delayed gas pipeline between the two countries which they hope can contribute to ending Europe's dependence on Russian gas. Russian energy giant Gazprom cut off gas deliveries to European Union member Bulgaria on April 27 over its refusal to pay in roubles. Bulgaria consumes about 3 billion cubic metres of gas per year, of which more than 90% came from Russia. "This interconnector will transform the energy map of the region," Bulgaria's outgoing Prime Minister Kiril Petkov said of the 220 million euro ($226 million) pipeline. The Interconnector Greece-Bulgaria (IGB) will carry gas from the northern Greek city of Komotini to Stara Zagora in Bulgaria and be linked to another pipeline carrying Azeri gas. Greek Prime Minister Kyriakos Mitsotakis said completion of the "energy bridge" was an "important moment for the Balkans and Europe as a whole" as it will help Europe cut its reliance on gas from Russia in the wake of its invasion of Ukraine. "Bulgaria is achieving a real diversification and will start receiving Azeri gas in the next few weeks," Petkov said, adding that the pipeline needed some software checks and permits before gas could start flowing from Azerbaijan. The 180 kilometre pipeline, which will have an initial capacity of 3 billion cubic metres (bcm) with plans to later raise this to 5 bcm, is expected to be operational by early August, Greek and Bulgarian officials have said.

To: Broken_Clock who wrote (1365909)	7/9/2022 1:57:02 AM
From: sylvester80	1 Recommendation Recommended By Mongo2116 Read Replies (2) \| Respond to of 1573924

THANK U PRES.BIDEN: US Gas Prices See Biggest Drop in 14 years Fri, July 8, 2022 at 10:37 AM finance.yahoo.com (Bloomberg) -- Gasoline prices in the US just saw the biggest single-day drop in more than a decade. Average US pump prices fell by 3.1 cents to $4.721 a gallon overnight, marking the largest daily drop since December 2008, according to auto club AAA. Prices at the pump have been falling for the past 24 days — the longest streak of declines since April 2020 — along with losses in crude oil prices, which make up around 60% of the cost of gasoline. Lower pump prices — including over the Independence Day holiday, one of the biggest travel weekends of the year — have been a boon for Biden, whose previous measures to cap prices, including releasing a million barrels of crude on a daily basis from the country’s emergency reserves, had failed to halt the sharp rise in fuel costs seen a month earlier. Gasoline prices are a major contributor to inflation and a central issue in US elections. Still, despite the recent retreat, gasoline prices remain about $1.60 higher than a year-ago -- and 10 states are stuck with prices in excess of $5 a gallon, with California above $6 a gallon. On Friday, Biden acknowledged that “we are making significant progress” but there is still work to do to rein in costs. Supply remains tight for the motor fuel. Total national gasoline stockpiles are at their lowest seasonal level in seven years despite refiners on the Gulf Coast and East Coast operating at near maximum capacity. On the East Coast, where supplies are particularly vulnerable, seasonal inventories have fallen to the lowest level on record since the government began collecting data in 1993.