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Started By
Message
re: Russia’s Gazprom Announces Record Profits Of $42B In First 6 Months, Stock Skyrockets
Posted on 9/1/22 at 8:15 pm to cadillacattack
Posted on 9/1/22 at 8:15 pm to cadillacattack
quote:
Russia is running out of capital (no more Belt and Road money), they have defaulted on their most recent interest payments on bonds held by China, Taiwan, and US, .... and Russian citizens are beginning to panic.
Soon ..... within 18 months .... but can the US continue propping up Ukraine for another year?
Good question.
0
Posted on 9/1/22 at 8:16 pm to Houag80
So basically the $4 / gallon we were paying for gas ($2 extra over 2020) was just going straight to Russia coffers.
Posted on 9/1/22 at 8:31 pm to LuckyTiger
I own almost 300 shares of Gasprom. I can’t sell it or buy more because of US sanctions. Not sure what I’ll end up doing with it but roll Russian baby roll.
Posted on 9/4/22 at 7:37 pm to CitizenK
quote:
Meh, Markets got overhyped on shortages. The shortages are a sure thing but not to the extent hyped all summer long
quote:
Germany's storage well on track, even ahead of schedule to be full of natural gas by start of winter. Tucker would do better than get his info from Gazprom and Putin. Journalists are morons. None of them ever figured in Norwegian supply into the mix. Norway also exports lots of electricity, from its hydroelectric production, to Europe.
Still “meh” and overhyped markets? Is Germany’s storage still well on track now that Russia shut down the pipeline indefinitely?
Posted on 9/7/22 at 4:48 pm to Lightning
Storage of natural gas is underground in depleted fields and salt domes.
Posted on 9/7/22 at 4:55 pm to TDFreak
The discussion is about natural gas. Gasoline is called petrol in English speaking Europe or Benzene in Germany. It is premium gasoline.
The only crude oil imports from Russia were a little to the East Coast and to Hawaii. Gulf Coast was importing residual, bottom of the barrel Russian Mazut to make petcoke with.
The only crude oil imports from Russia were a little to the East Coast and to Hawaii. Gulf Coast was importing residual, bottom of the barrel Russian Mazut to make petcoke with.
Posted on 9/7/22 at 4:56 pm to Drizzt
Gazprom can only go bankrupt without sales to Europe. It has no other place to go with natural gas except a pissant pipeline to China and two pissant LNG terminals which might be able to load one ship per week
Posted on 9/7/22 at 6:57 pm to LuckyTiger
Joe did that!
Posted on 9/7/22 at 6:58 pm to CitizenK
quote:
Storage of natural gas is underground in depleted fields and salt domes.
…K
When was how/where the natural gas is stored the topic we were discussing?
Posted on 9/7/22 at 7:21 pm to CitizenK
Enron accounting much? This is as converted by the government exchange rate. it is actually half but no one is buying rubles unless forced too.
Actually Europe is paying Gazprom in Euros which Gazprom is converting to Rubles to make their purchases, its why the ruble has increased in value on the world market.
What happens when it is cut off completely from Europe within a year? It has no other market of any size to access.
Russia exports over 11million barrels of oil a day (it was at a better margin than gas before the invasion started and gas skyrocketed).
And regarding gas, they kind of sort of have that figured out as well, here is a headline from an industry site:
Russia Ready to Control 20% of Global LNG Market by 2030
They are investing billions in LNG so they can ship via tanker to the same places their oil is going, the east, to make shat for the west.
Somebody should have put those european puppies on the porch before this dogfight started, and Russia is eating bigly.
Actually Europe is paying Gazprom in Euros which Gazprom is converting to Rubles to make their purchases, its why the ruble has increased in value on the world market.
What happens when it is cut off completely from Europe within a year? It has no other market of any size to access.
Russia exports over 11million barrels of oil a day (it was at a better margin than gas before the invasion started and gas skyrocketed).
And regarding gas, they kind of sort of have that figured out as well, here is a headline from an industry site:
Russia Ready to Control 20% of Global LNG Market by 2030
They are investing billions in LNG so they can ship via tanker to the same places their oil is going, the east, to make shat for the west.
Somebody should have put those european puppies on the porch before this dogfight started, and Russia is eating bigly.
Posted on 9/7/22 at 7:45 pm to CitizenK
Germany has been stockpiling this year and should well have 95% storage capacity filled by Nov 1.
At 100% capacity it is enough gas for 10 weeks, global warming aside, the last I looked cold weather lasted longer than that in Germany.
Notice how natural gas prices at Europe's TTF exchange (like Henry Hub here) have dropped like a rock over the last week.
It was 213 today, a large drop, still a wee bit above sub 7 dollars in 2020.
Also Germany should have 3 operational LNG terminals by Jan 1 all connected running
I just dont understand, if all of what you have said in this thread is true, Germany has no worries.....so why are they cutting off the hot water and dictating thermostats be moved to such drastic temps? Always watch what they do not what they say, there is a reason obama and biden, the warming czars have beachfront homes....and why Germany is claiming no worries while frying their citizens and soon to freeze them.
At 100% capacity it is enough gas for 10 weeks, global warming aside, the last I looked cold weather lasted longer than that in Germany.
Notice how natural gas prices at Europe's TTF exchange (like Henry Hub here) have dropped like a rock over the last week.
It was 213 today, a large drop, still a wee bit above sub 7 dollars in 2020.
Also Germany should have 3 operational LNG terminals by Jan 1 all connected running
quote:
Floating terminals are temporary for a reason, and the ones they will have operational will not come close to covering their energy needs.
I just dont understand, if all of what you have said in this thread is true, Germany has no worries.....so why are they cutting off the hot water and dictating thermostats be moved to such drastic temps? Always watch what they do not what they say, there is a reason obama and biden, the warming czars have beachfront homes....and why Germany is claiming no worries while frying their citizens and soon to freeze them.
Posted on 9/7/22 at 9:02 pm to Lynxrufus2012
quote:
Thank God we shut down US Energy production!
US energy companies are also making record profits.
Posted on 9/7/22 at 9:37 pm to cadillacattack
quote:
they have defaulted on their most recent interest payments on bonds held by China, Taiwan, and US, .... and Russian citizens are beginning to panic.
This whole article is nonsense but this last line is funny. They "defaulted" because sanctions prevented the payments. They were not allowed to trade rubles into dollars or euros.
I also liked the line about imports being down by 80% but exports are flying.......that sure does not sound like a bad economy to me.
Posted on 9/7/22 at 9:45 pm to trinidadtiger
Russia’s economy is in a downward spiral. Their intellectual capital has been leaving for several decades and this has only spurred it further. There O&G industry is going to faulted without western know-how just like VZ…which is going to be bad for all energy consumers for years to come.
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