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re: using natural gas to hurt russia
Posted on 3/5/14 at 10:30 am to willthezombie
Posted on 3/5/14 at 10:30 am to willthezombie
quote:
Like I said earlier this won't do any good in the near future, but if the US "floods the market" with LNG and oil then Russia's economy won't be able to withstand and Russia won't be a big of threat. The analysts and experts on CNN yesterday said that if oil drops below $90 a barrel and NG falls to similar levels (idk the exact #) then Russia gets put in a bind. Plus it is good for outr economy. The "experts" were also saying that the Keystone pipeline would be a huge move. They all agreed that this was about weakening Russia in the long term.
The issues seem to be way over the heads of the analysts...I see that Tigerdog has addressed some of the main issues.
Oil below $90 isn't terrible but it's on its way to laying down rigs in some resource plays...especially the permian.
The entire reason for LNG export is higher pricing for domestic gas...and as gumbo pointed out Russian gas is probably cheaper than gas imported halfway across the world viat LNG tanker.
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