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re: Putin the Checkers Player

Posted on 5/15/22 at 5:07 pm to
Posted by CitizenK
BR
Member since Aug 2019
10614 posts
Posted on 5/15/22 at 5:07 pm to
Seems like propaganda. They are selling a lot to India at 40% discount, when they sold none before, which has been well documented, and China at 35% off. Europe is stupid enough to pay full price, but the increase in tight shale production here forecast to be 1 million BPD extra will likely all go to Europe. We also know that 2 million BPD is shut in due flaring at those big wells is not occurring.
Posted by trinidadtiger
Member since Jun 2017
14351 posts
Posted on 5/16/22 at 3:56 am to
Thanks Alpine and Diat, two major factors the msm avoids speaking about.

Regarding our lng exports.

FERC has basically stalled most pipelines, and lng plant projects, even ones that were approved are being stalled.
As a result, we are maxed out on export capacity.

Our new production is not keeping pace with the export/domestic demand and we are seeing our gas storage capacity depleted (which means we are "importing" the high gas prices from Europe). The reason our production is not keeping pace, once again FERC and this administrations hatred for the industry.

It takes a minimum of three years to build an lng import facility. Trump begged Europe to build more and they refused, so even if we could export more, it would not matter, we have tankers lined up like sailors at a whorehouse over there now waiting to be offloaded.

Lastly, I love these European countries saying they will just get energy from somewhere else other than Russia....then why havent they? Because you can move the deck chairs around the Titanic all you want, but at the end of the day, the ship is still sinking, and there is only so much production capacity in the world and if the US cant help, OPEC and Russia wont, well you are one hurtin puppy.
Posted by Wildcat1996
Lexington, KY
Member since Jul 2020
6777 posts
Posted on 5/16/22 at 6:44 am to
quote:

They are selling a lot to India at 40% discount, when they sold none before,


...so they opened a new market in an environment that saw a 100+% increase in prices at a 40% "discount"...and you think someone has them "over a barrel"?

You seem business savvy
This post was edited on 5/16/22 at 6:49 am
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