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Page added on September 9, 2015
The True Cost of ‘Cheap’ Natural Gas For Europe
Everyone knows who is behind ISIS, AL Nusra Front and the other ‘rebels’ fighting against the regimes in Syria and Iraq. There are no secrets anymore; it’s Israel, Saudi Arabia and Arab nations in the Persian Gulf (i.e. Qatar, UAE etc. otherwise known as Gulf Arab States). There are now 4 million Syrian refugees, and virtually every nation Syria is being asked to take them. It’s a humanitarian outrage. How can we sit idle and not feel the pain as human beings?
Not surprisingly, we have Israel, Saudi Arabia and these Gulf Arab States refusing to take any of them. They don’t care. They never cared.
They never cared when ISIS and other rebels were openly chopping off the heads of American, Brits, foreign reporters and people caught up in the crossfires.
They never cared when people’s homes, schools, hospitals … whole cities where being devastated by ISIS and other rebels.
They never cared when ISIS and other rebels marched into Palmyra and destroyed ancient relics.
They simply never cared!
Why? It’s simple. They financed and waged this proxy war against Syria and Iraq because they only care about one thing: Money.
Yes, Israel found massive oil and gas reserves off its coast, and we already know Saudi Arabia and these Gulf Arab states are sitting on massive piles of oil and gas. China is slowing down – so who do you sell it to?
Europe!
The Europeans are shutting down their nuclear reactors and will be shifting power production to natural gas over the next 15 years or so. The yearly revenue from gas sales alone to Europe will rise to something like $400 Billion dollars a year. So we are talking about massive – Trillions of dollars in revenues. And yes, the Israelis and Arabs want it. And the Europeans want to diversify their supply away from Russia. Why make Putin even richer than he is, right?
Well, there is a catch. The Israelis and Arabs have to connect into Turkey’s Nabucco Pipeline to get their ‘product’ to Europe. To do that they need passage across from Iraq and Syria …
Syria, with alliances with both Iran and Russia, said no! Russia stands to lose its monopoly and Iran is competing for the same revenue. Why should Assad say yes? And Iraq’s regime being supported by Iran…and with its own Oil and Gas to sell… said no as well.
So what do Israelis and Arabs do? They start a civil war of course. They find the most heinous criminals and give them arms… in the form of ISIS, Al Nusra… They’ve torn apart Syria and Iraq for their backers, hoping to destabilize the regimes, partition the countries… but ultimately provide the land access to Turkey for these pipelines.
Lets face it, this is the real reason why Israel and all these Arab states do not want the Iran-deal and sanctions lifted. Because it now frees up Iran to sell oil and gas to Europe (and other countries) with sanctions lifted.
But now, we have millions of refugees. And none of these countries – Israel, Saudi Arabia or Gulf Arab States are willing to take any of these refugees in.
It’s a very dirty game. Vicious actually. Outrageous and sick – in my eyes.
The only thing one can hope for, is for these rebels to move onto Saudi Arabia and the Southern Persian Gulf and tear these regimes for their lack of humanity. Let them give their backers a taste of their own medicine.
As an Iranian, you cannot be surprised, right? It was these same states that backed Saddam Hussein during the Iran-Iraq war, with over 1 million casualties, chemical weapons and all. They did not care then, they won’t now. As for the Europeans or the U.S., well they are going to buy their gas at cheap prices from whomever supplies it and meanwhile sell arms to everyone… (lets forget for a fast second that both the U.S., Turkey and Europe were also supplying arms to various rebels too)… so why should they care? In their minds they are all being nice by taking in refugees… their conscience is clear!
Shame on all of us. Shame. Shame. Me, you, we …none of us can stay silent and say nothing, do nothing. It’s a total travesty. An absolute shame.
42 Comments on "The True Cost of ‘Cheap’ Natural Gas For Europe"
joe on Wed, 9th Sep 2015 8:07 am
while i agree with the sentiment (it is a sham and a war crime), its hard to claim that Israel wants more potential sucide truck bombers on its borders.
I challange the writer to do a bit more digging into his facts.
I specifically remember listening to a podcast in 2006 by Zbignew Zebrinski where he catagorically outlined a scenario where millions of refugees would flood the west and challange western power directly, he said this as a warning because he understood the underlaying causes.
High birth rates, low resources, good standards of education, poor employment prospects, increased awareness of western wealth caused by the internet. Most of the MALE immigrants speak good english and have phones and bank accounts upon entering the west.
They think the west has lots of jobs to give them, and if not, there is good social welfare. If my choice was between the west and ISIS, I would pile onto an overfilled boat.
The true crime in all this is that this is being caused by energy policy, there is NOTHING else there to fight over, except water and the West is not yet interested in stealing ME water. The West has tried to topple Assad, and they will probobly succeed. That will be the trigger for a massive revolt in Lebanaon and Shia peoples all over Arabia will be driven out. This is a power play for the last of the easy oil! Its been going on since 2003, when the Bush thought it would be a cake walk, but instead miscalculated on Iraqi Sunni demands and then created chaos by making sure the Iraqi Shias would make a mess of things.
China is not shrinking, its also has low debt compared to Western Economies, therefore if they can get a grip on their business model, they can manage themselves out of this crisis of confidence.
The downside is that higher growth in China requires higher commodities prices, and this is going to stunt the growth rates in the west, just as its going to take in millions of people with nothing, and looking for work.
There is also the likely scenario which is being totally ignored of increased terrorism, and I would expect the large numbers of Islamists have made the crossing and will attack Western targets, and when they all get their German passports, they WILL be heading to America. This is a fast chaging world, so the time frame is in 5-10 years and we will probobly be talking about attempts to create new muslim countries in Europe, probobly failing, but they will be trying.
While the EU is singing ‘cum by yah my lord’, other people are going to try to exploit this issue to the max, and nothing will be as it was. nobody cares if one day a new Hitler rises in Europe and takes care of its ‘muslim problem’. Peak oil could not be more to the front of current affairs, they just cant talk openly that its keeping them up at night.
Out of all this, OPEC has not broken. Thats a miricle! It tells us all, exaclty what we need to know about whats really going on.
Davy on Wed, 9th Sep 2015 8:31 am
Joe, China has huge debt. This is why they are in the crisis of confidence they are in. They are trying delever huge economic sector bad debt at the same time they are trying to inflate a deflating equity market bubble. This at the same time other economies are trying to maintain their economic bubbles and currency excesses. This is all clearly a conflict that cannot be reconciled long term. The Chinese super growth cycle China and the world enjoyed has bumped up to limits of growth. Subpar growth is all that is left and a destroyed planet.
BobInget on Wed, 9th Sep 2015 8:56 am
Thank you Joe for your well thought out comment. Keep em coming.
ghung on Wed, 9th Sep 2015 9:07 am
Yeah, Bob, excepting the “China is not shrinking, its also has low debt compared to Western Economies…” part. China’s debt is estimated at over 250% of GDP, maybe as high as 300%. Their shadow banking system is immense and bound to implode at some point. Effects? Unknown, but not likely to be good, especially for other holders of US treasuries (Japan, EU countries…).
eugene on Wed, 9th Sep 2015 11:21 am
Long ago, I learned a valuable lesson. No one cares!! Americans don’t care as we destroy cities, wedding parties, children, countries, torture and all the rest. The human animal is a brutal, violent, vicious beast that loves to hide behind religion and wonderful “we care for you talk”. Get over the pissing and moaning about what this one or that one does. It’s what we are. And the worst of us are the ones who come with a smile on their face, murder in the hearts and attend whatever religious ceremony on whatever day.
Plantagenet on Wed, 9th Sep 2015 12:21 pm
Why doesn’t Iran take some of the refugees from Syria? After all, Iran is responsible for propping up the murderous Assad regime that is the ultimate cause of all the war and murder in Syria.
Looks like Iran just doesn’t care.
GregT on Wed, 9th Sep 2015 12:55 pm
As per usual planter, clueless you are.
Assad is fighting IS, the same groups that Iran is fighting. The groups that the US supported with weapons and training.
Guide to the Syrian rebels
http://www.bbc.com/news/world-middle-east-24403003
Plantagenet on Wed, 9th Sep 2015 1:10 pm
@GregT
You are so clueless. Of course Assad is fighting IS—but that doesn’t absolve Assad (and Iran) of responsibility for their own crimes against the Syrian people. Why not just admit some simple facts: (1) Syria is a client state of Iran, and (2) Assad was committing atrocities against the Syrian people long before IS even existed.
CHEERS!
Kenz300 on Wed, 9th Sep 2015 1:18 pm
Europe needs to commit to wind and solar energy for the future…….
The Year Humans Got Serious About Climate Change — NYMag
http://nymag.com/daily/intelligencer/2015/09/sunniest-climate-change-story-ever-read.html
GregT on Wed, 9th Sep 2015 2:13 pm
Syria and Iran are both being targeted in part because they refuse to bow down to the international banking cartels. The other reasons are pipeline routes, rail, and Israel’s long term plan for Middle East domination. All the rest is propaganda for the mindless masses.
apneaman on Wed, 9th Sep 2015 2:16 pm
America’s Refugee Crisis: On Its Way
Hideous choices now urgently confront the countries of Europe as they flounder in deep waters, borne down toward drowning by the inexorably growing weight of human misery cascading into and over them from Africa and Asia. Solutions are not even imaginable, especially when so few recognize the root causes. [See “The Choice Worse than Sophie’s,” “A Tsunami of Climate Refugees is Drowning Europe.”] What even fewer will admit is that a refugee crisis of similar intensity is coming to America. In a sense, it is already here.
The refugee crisis now gestating in the United States is not one of desperate brown people pouring over our southern border,
nor even of desperate snow bunnies crashing our northern boundary, although one of the candidates for Captain of the Titanic thinks we should consider a wall on the Canadian border. The people who will constitute our next tsunami of misery, its like not seen since the days of the Dust Bowl, are citizens, already here, their misery steadily approaching the intolerable. Soon, because they have to, they will start to move.
If you want to count them, get to know them, begin with the 94 million people who have vanished from the American work force. Each month, the don’t-worry-be-happy bean counters of our government report, as they just did for August, the “creation” of a robust 173,000 jobs, resulting in a healthy contraction of the unemployment rate — the proportion of those who do not have jobs compared with those who are available for work — of 5.1%. The economy is coming back! It’s morning in America!
Except that while 173,000 jobs became available, 251,000 adults left the labor force. A minority of them retired, or went to school, but for most of them the move was not voluntary. Their unemployment benefits ran out, they are too discouraged and broke to continue the fruitless duplication of resumes, and so, by government definition, they have vanished from the pool of potentially available workers. They are un-people now.
There are 94 million of them. Their number has increased by nearly two million in one year; by almost 15 million since the last good year, 2007.
I met one of the non-people a while ago, gave him a ride to town, seven miles from his trailer home. For months he had been walking there — he could not afford to license his ancient pickup truck — every single weekday, looking for work. He had been a heavy equipment operator in construction, but has not had a regular job in seven years. He has no front teeth because he could not afford the root canals that would have saved them. His wife is ill, and while that does bring them a disability pittance once a month, they experience hunger every month. One of their close friends and neighbors takes her to medical appointments, and grocery shopping, when necessary — and charges her $30 for the favor. I came to know him as a good, reliable and knowledgeable worker. His desperation has not yet turned to anger. Not yet.
Did I mention there are at least 94 million of him?
People who “vanish” from the labor pool, and/or become homeless, mail-deprived and often phoneless, often become invisible as well to the agencies and institutions that are designed to help them. A recent book documenting the lack of a safety net for such people identified 1.5 million households, inhabited by 3 million children, whose total cash income per person per day during 2011, including public assistance, was no more than $2. For those disconnected from the job market, the authors say, there is virtually no help.
Then there is the thing we in America share with all the countries of North Africa, the Middle East and Asia whose people are now crashing into Europe: growing, spreading, intensifying drought. The western third of the United States is experiencing the worst drought in a millennium, and a consequent water crisis worse than anything in our history. Large agricultural areas (California’s Central Valley, to name just one) and some major cities (Las Vegas and Phoenix, to start) are seeing the water supplies that make them habitable vanish. When the water is gone, like the farmers of Syria after 85% of their animals dies of thirst, the population of these places will start to move.
Where are you going to build that fence, Donald?
http://www.dailyimpact.net/2015/09/09/americas-refugee-crisis-on-its-way/
Boat on Wed, 9th Sep 2015 3:23 pm
apeman,
You don’t need a fence. Just jail a few of those that hire illegal immigrants and the jobs for them would dry up quick. Let’s start with the Donald.
Boat on Wed, 9th Sep 2015 3:26 pm
GregT,
Lol at Israel’s long term plan for domination.
GregT on Wed, 9th Sep 2015 3:38 pm
Boat,
And what specifically would you be Loling about? Anybody that has studied geopolitics understands this.
Boat on Wed, 9th Sep 2015 3:40 pm
I repeat the world should not allow immigration, legal or illegal. Countries should deal with their own population overshoots. Education and skill level will determine who lives and who dies in an overpopulated earth with climate change on the way. I read a piece that claimed the 95% of deaths to weather related events came in undeveloped countries. More immigrants equals more population and more overshoot.
Developed countries are losing population. They have set the standard.
Boat on Wed, 9th Sep 2015 3:46 pm
GregT,
As an American and Israel supporter I think Israel should move all the settlers and give up their nukes if they want continued support from the US. Just like the world should take take care of Iran of they ever acquire a nuclear weapon.
If you don’t support free trade as a nation and work within international norms/the free world you will eventually pay the piper. Just how it is.
GregT on Wed, 9th Sep 2015 3:53 pm
“I repeat the world should not allow immigration, legal or illegal.”
The world does not allow immigration Boat. It is human beings that have drawn imaginary lines in the sand, to protect their human livestock from being exploited by other human beings, that allow immigration, or not.
Population overshoot is not a national problem. It is a global problem. Your owners’ lines drawn in the sand are not going to help. The world is going to take care of population overshoot all on it’s own, imaginary lines or not.
apneaman on Wed, 9th Sep 2015 3:56 pm
The US Helped Create International Law, Now We Just Ignore It
“After World War II, the US used its triumph to help create the United Nations, push for the adoption of its Universal Declaration of Human Rights, and ratify the Geneva Conventions for humanitarian treatment in war. If you throw in other American-backed initiatives like the World Health Organization, the World Trade Organization, and the World Bank, you pretty much have the entire infrastructure of what we now casually call “the international community.”
Breaking the Rules
Not only did the US play a crucial role in writing the new rules for that community, but it almost immediately began breaking them. After all, despite the rise of the other superpower, the Soviet Union, Washington was by then the world sovereign and so could decide which should be the exceptions to its own rules, particularly to the foundational principle for all this global governance: sovereignty. As it struggled to dominate the hundred new nations that started appearing right after the war, each one invested with an inviolable sovereignty, Washington needed a new means of projecting power beyond conventional diplomacy or military force. As a result, CIA covert operations became its way of intervening within a new world order where you couldn’t or at least shouldn’t intervene openly.
All of the exceptions that really matter spring from America’s decision to join what former spy John Le Carré called that “squalid procession of vain fools, traitors… sadists, and drunkards,” and embrace espionage in a big way after World War II. Until the creation of the CIA in 1947, the United States had been an innocent abroad in the world of intelligence. When General John J. Pershing led two million American troops to Europe during World War I, the US had the only army on either side of the battle lines without an intelligence service. Even though Washington built a substantial security apparatus during that war, it was quickly scaled back by Republican conservatives during the 1920s. For decades, the impulse to cut or constrain such secret agencies remained robustly bipartisan, as when President Harry Truman abolished the CIA’s predecessor, the Office of Strategic Services (OSS), right after World War II or when President Jimmy Carter fired 800 CIA covert operatives after the Vietnam War.”
http://www.motherjones.com/politics/2015/02/international-law-america-exceptionalism
GregT on Wed, 9th Sep 2015 3:56 pm
“If you don’t support free trade as a nation and work within international norms/the free world you will eventually pay the piper.”
Free trade, national and international norms, are precisely why we are all about to pay the piper, and there is no such thing as the ‘free’ world.
Boat on Wed, 9th Sep 2015 4:45 pm
apeman,
After WW11 the United states needed a CIA to keep track of bad actors. If Hitler taught US anything is to empower yourself if you want to survive as a country. Of course much of the world has worked with the US since to the betterment of millions of people around the world. I agree with many of the operations the US has done but compared to WW!! the world is a much better place because of it. In fact if I had my way- the world would be forced to engage a lot more over a host of issues. China, Russia, S Korea Japan etc along with the free world to resolve differences. Bottom line the inhabitants of the world have to live by many of the same regulations or face stiff sanctions by all the rest.
Boat on Wed, 9th Sep 2015 4:47 pm
GregT,
There you go again, changing the conversation.
apneaman on Wed, 9th Sep 2015 4:59 pm
Who is the bad actor?
US Bombing campaigns since 1945
https://wikispooks.com/wiki/US_Bombing_campaigns_since_1945
US Intervention
The following 21 pages are in this category, out of 21 total.
https://wikispooks.com/wiki/Category:US_Intervention
US/Foreign Assassinations since 1945
https://wikispooks.com/wiki/US/Foreign_Assassinations_since_1945
US Efforts to Suppress Democracy since 1945
https://wikispooks.com/wiki/US_Efforts_to_Suppress_Democracy_since_1945
Boat on Wed, 9th Sep 2015 5:19 pm
apeman,
This is why world regulations by all of the free world are needed. This is how you clean up messes before they happen and clean up the messes of the past.
Like Boko Hararam. Dude needs to be shot. See if N Korea changed, they could do the shooting and we could thank them for all the people of the world.
apneaman on Wed, 9th Sep 2015 5:40 pm
Boat if you want the world’s gratitude, shoot yourself…..oh right you’re already in the process.
GregT on Wed, 9th Sep 2015 5:53 pm
Boat,
Power corrupts, and absolute power corrupts absolutely. So who is going to clean up the mess that has become of the US?
http://www.euronews.com/2015/04/17/chomsky-says-us-is-world-s-biggest-terrorist/
GregT on Wed, 9th Sep 2015 5:59 pm
And also Boat,
“After WW11 the United states needed a CIA to keep track of bad actors. ”
Actually, after WWII the US government recruited many of the “bad actors” from Hitler’s Germany.
https://en.wikipedia.org/wiki/Operation_Paperclip
BobInget on Wed, 9th Sep 2015 6:10 pm
wo Russian military ships believed to be carrying equipment and supplies are headed to Syria, defense officials told NBC News on Wednesday.
The Russians’ intentions remain unclear, officials said. Moscow has previously sent humanitarian assistance to the Syrians, but another U.S. official said analysis suggests Moscow is setting up a site for a squadron to go in, presumably to help the regime of President Bashar Assad with airstrikes.
Al Qaeda-linked rebels have recently seized a number of cities in a four-year civil war that has killed at least 250,000 people. They forced government troops out of Abu al-Duhur, a major air base in the northwestern province of Idlib, after a two-year siege, state TV said Wednesday.
Russia has refused to detail the scope of its military presence in Syria. The U.S. says it is believed to have fewer than 100 military personnel on the ground, setting up mobile housing units and a portable air traffic control tower at an airstrip outside Latakia.
But “we have been informed that the Russians are entering into active intervention,” Amos Gilad, a senior adviser to Israeli Defense Minister Moshe Yaalon, said Tuesday at a security conference in Israel.
Related: Russia Embarks on ‘Active Intervention’ in Syria: Israel Official
Syria hasn’t formally responded to the reports.
The State Department said Secretary of State John Kerry spoke with Russian Foreign Minister Sergei Lavrov over the weekend to raise concerns about the reports of “an imminent enhanced Russian military buildup” in Syria.
“The secretary made clear that if such reports were accurate, these actions could further escalate the conflict, lead to greater loss of innocent life, increase refugee flows and risk confrontation with the anti-(ISIS) coalition operating in Syria,” the State Department said.
BobInget on Wed, 9th Sep 2015 6:36 pm
Putin’s worst nightmare– permitting Islamic Fundies to take complete charge in Syria.
It’s all about gas pipelines. Check your maps.
In addition, Putin has his own Islamic problem in Chechnya. IS will doubtless, if victorious in Syria, try to expand in that direction as well.
A sad fact. US led collation forces are failing to turn back IS and company with airstrikes alone.
Turkey is bombing PKK in Iraq leaving the North unprotected. (Kurds were the only land forces opposing IS in N. Iraq)
Despite all the money thrown at Iraqi regulars
most are unwilling to die for oil.
Russians can be brutal. IS will meet their match. America, UK and France can work with Russia or confront Russia.
The big black flag in the ointment is Saudi Arabia.
Once a major enemy of Israel, KSA and Israel are now united in an effort to ‘take out’ Iran.
(Iran and Russia have been Syria’s main ‘Civil War’ (AKA) ‘proxy war’) supporters .
Israel and Saudi Arabia need to stand down.
Getting out of the way for Saudis has been made easier now that they will be bogged down in Yemen for years. If Iran manages to get aid to the Houthis, make that decades. At some point KSA will need to risk sending their own troops into Yemen. When they do, its all over for the Kingdom.
Ted Wilson on Wed, 9th Sep 2015 6:58 pm
I don’t whether Israel is involved, but definitely Saudi Arabia is involved.
After all the fighters of IS are coming from Saudi funded Madrasas and they share the same idealogy.
Very sad to see the millions of Syrian refugees fleeing to Europe and other countries.
Its all about Oil.
Makati1 on Wed, 9th Sep 2015 7:19 pm
And then there is this:
“Lack Of Alternatives Sees EU Sign New Russian Gas Deals”
“Several recent gas deals will tie Russia and Germany closer together. Russia’s Gazprom announced an agreement on asset swaps with European partners including OMV, BASF, E.ON, and Royal Dutch Shell. The deals will kick start the Nord Stream gas pipeline expansion and also give Gazprom a greater presence in Europe, while giving several European companies assets inside Russia….”
http://oilprice.com/Energy/Natural-Gas/Lack-Of-Alternatives-Sees-EU-Sign-New-Russian-Gas-Deals.html
Not exactly what the Empire planned, but winter is coming. LMAO
Boat on Wed, 9th Sep 2015 7:45 pm
Mak,
Putin hates fueling his enemies but he’s going broke.
GregT on Wed, 9th Sep 2015 7:51 pm
Boat,
“Putin hates fueling his enemies but he’s going broke.”
You still believing everything the MSM tells you to believe? Or have you recently had a conversation with Vlad?
Truth Has A Liveral Bias on Wed, 9th Sep 2015 10:13 pm
It won’t be long until Israel will be evacuating the non combatants. Egypt, Lebanon and Jordan aren’t far from radical decentralization aka collapse. Saudi Arabia will be getting it from all sides. This is only just the beginning.
Makati1 on Wed, 9th Sep 2015 11:58 pm
Boat, Putin knows who his enemies really are and they are not the EU. His real enemy is the US and he and China know it. But he can recover oil at $5 or less per barrel. Few other producers can even come close. So he makes a profit on a price level where most oil companies would go bankrupt. He just is not making as much as when it was $100/bbl. Meanwhile, winter is coming to Europe and US promises of oil or LNG in the future will not keep them warm.
Boat on Thu, 10th Sep 2015 12:08 am
Mak,
And LNG will be coming from new fields in Israel and Egypt. The cash cow for Russia from nat gas will drop to it’s knees and the world will have cheaper prices like North America.
GregT on Thu, 10th Sep 2015 12:29 am
“And LNG will be coming from new fields in Israel and Egypt. The cash cow for Russia from nat gas will drop to it’s knees and the world will have cheaper prices like North America.”
You’re really starting to lose it Boat. Making shit up is not a viable alternative to reality.
ulenspiegel on Thu, 10th Sep 2015 3:26 am
“The Europeans are shutting down their nuclear reactors and will be shifting power production to natural gas over the next 15 years or so. The yearly revenue from gas sales alone to Europe will rise to something like $400 Billion dollars a year.”
The author is too stupid to get real data or he wants to write propaganda:
Fact is that NG lost in the last years a lot of its market share despite shutting down NPPS. If the authors had checked real data (even German government publishes in English) he would not made such a stupid statement.
Davy on Thu, 10th Sep 2015 5:10 am
@Mak “Putin knows who his enemies really are and they are not the EU. His real enemy is the US and he and China know it. But he can recover oil at $5 or less per barrel.”
That’s some fantasy friends. Russia is running a military and a mafia police state. The Russian economy is similar to a banana republic relying on commodities for revenue for the economy and state. The oil may come up cheap but the society ain’t cheap.
We are now likely in the super commodity cycle end. We may be in a cycle of demand and supply destruction that will eventually bring globalism to its knees. This will be the end of a lavish Putin lifestyle of the last 10 years. Putin’s days may be numbered because he has a lot of teats for all the different Russian swine to suckle from and a hog trough emptying.
rockman on Thu, 10th Sep 2015 6:23 am
“And LNG will be coming from new fields in Israel and Egypt. The cash cow for Russia from nat gas will drop to it’s knees and the world will have cheaper prices like North America.” LNG will never be as cheap as pipeline NG from Russia. The EU could have replaced much of the Russian NG with LNG long ago but they chose lower price over security. It’s difficult to imagine them ever choosing differently IMHO. The world will never have NG priced as low as it is in the US today. And in time neither will the US.
Ted Wilson on Thu, 10th Sep 2015 6:56 am
Seems Saudis have borrowed $ 80 billion from their reserves to fund the
Fuel subsidies
Yemen war
Surging population
If we can keep the oil prices low by reducing the oil consumption, then they will start borrowing more from their reserves and will stop funding the terrorists like Islamic State.
China solution to reducing Oil consumption is by using Natgas (CNG & LNG)
Brazil’s solution is Ethanol
America’s solution is Ethanol and Electricity.
Every country has to take this course.
John Orr on Thu, 10th Sep 2015 3:07 pm
I was talking to an Iraq male today…his brother has 4 wives and twenty kids…. we need to distance ourselves from their culture or they will suck us into their problems that have nothing to do with us, they will accept our friendship but cut our hands off later, certain cultures simply don’t mix.
We only need their oil business, like they need some of our technology….which we both will pay for…it’s up to their own people how that wealth is distributed and basic business sense is known….give them all internet freedom….
I would love to know who and how long ago all this, our future, was / is planned, cos it definitely looks like that….are we really plebs???
Kenz300 on Fri, 11th Sep 2015 10:04 am
The least educated people have the most children…
The poorest people have the most children………
conversely
The most educated people have the least children……..
The wealthiest people have the fewest children……………
Hhhhhhhmmmmmmm seems to be a trend here………