#5341 ·
feralnomad35 said:I hear you, but honestly, we aren't facing a 50% shortage; it’s more like 10%. It feels like this whole thing has been blown way out of proportion. Part of it is probably just the Russians pumping up the fear because they see it as their one big lifeline, and part of it is just vultures—you know, journalists and speculators making a killing off the volatility on the exchanges. Sure, things are tight and we definitely need to adjust how we live, but we aren't staring down some kind of total apocalypse here.
And if you look at the long game, I don't see why production costs in Africa wouldn't be competitive with Russia—if anything, they might even end up being lower.
At the end of the day, this whole era of energy blackmail really needs to come to an end.
Back between 2010 and 2012, massive amounts of oil and gas were discovered in the Donbas and near Crimea, which led to Shell signing a $10 billion deal with Ukraine by 2013. The long-term play was supposed to be up to $50 billion.
If they can kick the Russians out, Ukraine becomes a major source for oil and gas in the long run.