Nancy Gomez26 said:The value of the gas they are burning is essentially zero. For any commodity—gas or otherwise—to hold actual value, you need a buyer willing to pay for it. From their perspective, it would be far more logical to simply halt production; at least then, that gas stays in the ground, potentially retaining some worth for a future date. Instead, by burning it pointlessly—so they claim—they increase global pollution. Yet, ironically, this act indirectly helps reduce the consumption of other fuels for heating; if the winters end up milder, we’ll burn less. One could almost call them great humanists for doing this, supposedly "out of concern for others."😉
I don't think that's quite the full story.
That gas they're flaring could easily be shipped over to the EU, but Putin has decided to play a dangerous game. He's trying to choke the supply to artificially spike prices and trigger a massive panic across Europe.
Of course he's hemorrhaging millions of dollars every single day by not selling that gas to the EU.
Furthermore, they isn't flaring it because it looks pretty; they're doing it because they're stuck. Shutting down these sources or restarting them later is an incredibly expensive logistical nightmare.
Putin's role in this high-stakes game is costing him dearly. By halting deliveries, he's losing millions in guaranteed daily revenue, not to mention the technical headaches regarding the gas sources if he shuts things down completely—which, fingers crossed, is exactly what happens.
Germany hasn't shown much panic yet, but we'll soon see who has more staying power...
Best,