Sanctions on Russia

wearytrucker22 said:We're looking at a massive, sudden surge in gas supply across the US.

Is there any chance we see prices hit zero? 🤯 Let’s dive in. 1/n
https://twitter.com/AndreasSteno/sta...50621356134400
And now we've got a whole different set of headaches because the pro-Russia crowd is spiraling into a depression, and we're stuck footing the bill for their medication.

wearytrucker22 said:We're looking at a massive, sudden surge in gas supply across the US.

Is there any chance we see prices hit zero? 🤯 Let’s dive in. 1/n
https://twitter.com/AndreasSteno/sta...50621356134400
And now we've got a whole different set of headaches because the pro-Russia crowd is spiraling into a depression, and we're stuck footing the bill for their medication.

Gregory Ramos3 said:Man, he totally missed the mark on his prediction—he was actually way too optimistic 🤣 :



Putin is playing some kind of crazy 66D chess 🙏

But seriously though, I really doubt regular folks are going to feel much of a difference from this spot price collapse, even if certain corporate managers are already rubbing their hands together in anticipation of those sweet bonuses ☕

Also, countries that didn't go overboard filling up their storage will end up in a much better spot, since they can basically drive down the average MWh price by picking up extra gas for peanuts during a Black Friday style sale 🙂

Arthur Miller7 said:Can someone give me the TL;DR—is LNG pricing dropping too, or is this just talking about natural gas?

Nathan Evans78 said:Back during the height of the pandemic, brokers were essentially dumping oil at a loss just to stay afloat, and now that the government isn't handing out those massive subsidies anymore, you're seeing diesel hit two bucks at the pump. 😁

hiddeneagle98 said:Is anyone actually going to restart the fertilizer plants? What the hell are we waiting for? Natural gas is sitting at zero, and here we are just letting all that free fertilizer go to waste! 😁

Every single chemical plant across the European Union has shut down because they couldn't stomach those sky-high energy prices, so why shouldn't they be feeling the squeeze right now?

Nathan Evans78 said:Brent is hovering near $95, TTF contracts have climbed past €110, and the German CPI just spiked to 10.04%...

Everything is still sitting way higher than it used to back in those better days. 🍿

Meanwhile, the Russians are busy melting through their central bank reserves—just burned through another few billion dollars there.

At this point, I don't think FOR NOW anyone has actually come out on top in this economic war. ☕

wearytrucker22 said:Massive ships loaded with LNG are practically idling off the coast of America... "It’s blindingly obvious we're looking at a massive shift here."
The LNG tankers have already reached American waters, though they haven't started unloading just yet.

Well, obviously—if nobody wants the gas, what are they supposed to do with it? It just sits there.

What's going to happen to those poor Russians and their stinking gas now?

Dennis Bailey5 said:Europe filled up its storage tanks and American pockets, while the US finally saw its century-old dream realized by pushing Russia out of Europe. We’re all going to pay the price for this...

Dennis Bailey5 said:Europe filled up its storage tanks and American pockets, while the US finally saw its century-old dream realized by pushing Russia out of Europe. We’re all going to pay the price for this...

James Thompson12 said:I honestly think that group mentioned above, especially the Germans, would’ve done almost exactly the same thing regarding their cooperation with Putin and reliance on Russian gas—even if they had a time machine and knew what was coming in 2014 and 2022. The German economy really hit its stride fueled by that cheap Russian gas, and at the end of the day, they prioritize their own economy and their own pockets over Ukraine.