Nathan Evans78 said:The TTF gas prices for November and December '22 are already screaming past €220. Remember those "experts" who were lecturing us here, claiming that once the European Union hits its storage targets, gas prices would just naturally plummet?
Honestly, Germany is basically leaving things up to God at this point. If we get hit with a brutal cold snap, it won't matter if they burn through every last reserve they have—they won't be able to bring market prices down to anything remotely sustainable. ☕
I guess the most likely reason behind this pipeline sabotage is that Putin is getting desperate. Prices are stabilizing and stagnating now that Europe has filled its reserves up to 90%.
So, he’s probably just trying to stir up panic again to drive prices back up.
But then again, market logic is pretty relentless.
Wealthy Europe can afford to pay the high prices, but the rest of the world... well, maybe not so much.
The USA, acting as the main arms supplier for Ukraine, has plenty of gas for export too. If it wasn't for a senile Biden immediately halting the construction of LNG terminals and pipelines here in the States, the USA could probably be covering about 80% of what Europe used to get from Russia today.
Germany is basically relying on Bog at this point. Like, if it gets cold, even burning through every last reserve won't bring gas prices back down to a sustainable level.☕
Once they deal with those radical Greens in Germany, things might finally return to normal. Maybe.