#7561 ·
And how exactly do you know what things will look like in Canada five years from now? Do you have a crystal ball or something?
Started by Richard Wilson4 · · 👁 309 views · 9.5K replies
Jason Roberts2 said:Look, it's true that Russia was pumping gas into China before the war, but you have to realize that competing with the European Union is a whole different ballgame compared to a single billion-person market.
Once the politicians in the European Union finally lose their minds and decide they don't want Russian gas anymore, all that supply is just going to pivot straight toward those billion people in China.
You know those yellow canisters you see sitting outside houses all over our beautiful country? Something like that will probably end up in China, while in Europe, who knows what'll happen—except for Canada, which will keep getting theirs just like always.
What's actually going down behind the scenes is anyone's guess because we're just stuck listening to whatever version of "truth" the pro-American media outlets decide to feed us.
Jason Roberts2 said:Look, it's true that Russia was pumping gas into China before the war, but you have to realize that competing with the European Union is a whole different ballgame compared to a single billion-person market.
Once the politicians in the European Union finally lose their minds and decide they don't want Russian gas anymore, all that supply is just going to pivot straight toward those billion people in China.
You know those yellow canisters you see sitting outside houses all over our beautiful country? Something like that will probably end up in China, while in Europe, who knows what'll happen—except for Canada, which will keep getting theirs just like always.
What's actually going down behind the scenes is anyone's guess because we're just stuck listening to whatever version of "truth" the pro-American media outlets decide to feed us.
dustyowl29 said:And how exactly do you know what things will look like in Canada five years from now? Do you have a crystal ball or something?
Jason Roberts2 said:Look, it's true that Russia was pumping gas into China before the war, but you have to realize that competing with the European Union is a whole different ballgame compared to a single billion-person market.
Once the politicians in the European Union finally lose their minds and decide they don't want Russian gas anymore, all that supply is just going to pivot straight toward those billion people in China.
You know those yellow canisters you see sitting outside houses all over our beautiful country? Something like that will probably end up in China, while in Europe, who knows what'll happen—except for Canada, which will keep getting theirs just like always.
What's actually going down behind the scenes is anyone's guess because we're just stuck listening to whatever version of "truth" the pro-American media outlets decide to feed us.
Jason Roberts2 said:Look, it's true that Russia was pumping gas into China before the war, but you have to realize that competing with the European Union is a whole different ballgame compared to a single billion-person market.
Once the politicians in the European Union finally lose their minds and decide they don't want Russian gas anymore, all that supply is just going to pivot straight toward those billion people in China.
You know those yellow canisters you see sitting outside houses all over our beautiful country? Something like that will probably end up in China, while in Europe, who knows what'll happen—except for Canada, which will keep getting theirs just like always.
What's actually going down behind the scenes is anyone's guess because we're just stuck listening to whatever version of "truth" the pro-American media outlets decide to feed us.
silentnomad7 said:It’s going to be tough, I tell you. I'm hearing reports that people are starting to head toward the southern parts of the European Union since they don't need to crank the heat as much there, and plenty of others are moving to non-EU countries that aren't struggling with cheap gas. People aren't going to sit around and get screwed over; they’re going to move to where life is actually better...
Jason Roberts2 said:Look, it's true that Russia was pumping gas into China before the war, but you have to realize that competing with the European Union is a whole different ballgame compared to a single billion-person market.
Once the politicians in the European Union finally lose their minds and decide they don't want Russian gas anymore, all that supply is just going to pivot straight toward those billion people in China.
You know those yellow canisters you see sitting outside houses all over our beautiful country? Something like that will probably end up in China, while in Europe, who knows what'll happen—except for Canada, which will keep getting theirs just like always.
What's actually going down behind the scenes is anyone's guess because we're just stuck listening to whatever version of "truth" the pro-American media outlets decide to feed us.
Jason Roberts2 said:I'm not trying to argue with every single person on this thread, so I'll just drop the link here for anyone who actually wants to see the facts for themselves.
https://north America.aljazeera.net/news/w...ure-prema-kini
Here’s a snippet from the article: ExxonMobil reported record profits for the first half of the year and announced plans to expand their pipeline network and build new storage facilities specifically to ramp up gas deliveries to China.
Between January and June, thanks to the massive spike in energy prices, the company pulled in a net profit of $41.8 billion—literally the biggest haul they've ever seen since they started operating.
There was even an article back in 2014 talking about how much Russian gas was heading toward China.
hollowdriver13 said:Every single week it’s the same guy, Jason Roberts2, dropping in with the exact same old stories... honestly, give me a break.
I was just scrolling through some news on CNBC about how Europe is scrambling to find alternatives to Russian gas, and man, it really puts things into perspective regarding how much we rely on global stability. They’re basically mapping out ways to stop being so dependent on Moscow, which makes total sense if you think about the leverage they hold. It’s wild to see how quickly the energy landscape is shifting right now. It’s kind of like when you realize you've been relying on one specific supplier for everything in your life, and suddenly they change the terms on you—you're stuck frantically looking for a backup plan. The EU is basically trying to build that backup plan in real-time, looking toward places like the US and even parts of Asia to fill the gap left by the Russian supply. Honestly, watching this play out feels like watching a high-stakes game of chess where the board keeps changing. You can see the massive effort going into securing LNG shipments from the States and trying to ramp up production elsewhere. It's a huge logistical headache, but I guess that's just the reality of modern geopolitics. Just something to chew on while I grab my coffee this morning.
So, I was digging through some numbers on Wind Information recently, and man, the math just isn't mathing on this massive energy deal between Russia and China. Word on the street is that Russia has poured about $55 billion into setting up that whole pipeline project, but when you look at the actual movement of goods—specifically based on China customs data as of June—the reality looks a lot different. Since they kicked things off back in December 2019, natural gas imports through that line have only hit $3.81 billion. It’s a pretty wild gap, right? You’ve got all this massive upfront investment, but the actual flow of gas seems to be moving at a total snail's pace compared to what everyone expected. Just one of those situations where the hype definitely outweighs the actual results for now.
So, I was just looking at some recent numbers, and man, things are moving fast. According to the latest China customs data as of June, the pace of Chinese buying really ramped up during the first half of the year. We’re talking about a massive jump—it almost tripled compared to where we were this time last year, hitting around $1.66 billion. It's pretty wild to see that kind of momentum kick in so suddenly.
According to the latest numbers, China’s gas imports from Turkmenistan absolutely blew up during that period. We're looking at $4.52 billion, which is a massive 52% jump compared to the previous year.
It doesn't look like China is actually that thirsty for Russian gas. If you look at the numbers from when things opened up back in 2019 through the start of 2022, they only picked up about $3.8 billion worth of gas. Sure, imports spiked once 2022 rolled around—they grabbed $1.6 billion in just the first half of that year—but even with that jump, it’s still nothing compared to what they were pulling in from Turkmenistan during that same stretch. It's more than half of what they'd normally be bringing in from there.
I was just digging through some reports about the energy situation, specifically looking at why things might get a bit dicey this winter regarding gas supplies. It’s one of those topics that feels like it's constantly shifting under our feet, isn't it? Basically, there's a lot of noise surrounding how much gas we're actually going to have access to once the temperature drops. We've been seeing a massive shift in how Europe handles its energy security, especially with everything going on with Russia and the way they've been leveraging their supply. With the EU trying to pivot away from Russian gas, the whole infrastructure of how we heat our homes and run our industries is being totally rewired in real-time. It's pretty wild when you think about the sheer scale of that transition. There's also this ongoing tension involving leaders like Viktor Orbán, who has been pretty vocal about wanting to maintain certain energy ties, which definitely complicates the unified front the rest of the EU is trying to put up. It creates this weird tug-of-war between national interests and the broader goal of total independence from Russian sources. The big question remains: can the US and our allies ramp up LNG shipments fast enough to fill the gap left by the sudden drop in pipeline flows? It's a massive logistical puzzle. If the storage levels aren't where they need to be, or if geopolitical tensions spike again, we could be looking at some pretty uncomfortable months ahead. I’m trying to stay calm about it—really, I am—but it’s hard not to feel a little uneasy when you realize how much our daily lives depend on these massive, global power plays. Fingers crossed the markets stay stable and we don't end up in a pinch.
Man, things are going absolutely great for the folks in Canada right now. I mean, seriously, how is that even possible? Gas prices have shot up sevenfold, electricity costs have doubled, and now ExxonMobil is basically telling them to buckle up because they’re looking at at least another 60% hike on the gas they're currently buying. On top of all that, the Forint is sliding against the Euro—which is the currency they actually use to pay for that gas—and their national budget is basically teetering on the edge of a total meltdown. Honestly, if you're looking for a masterclass in how to run a country into the ground, they’re absolutely killing it. It's phenomenal, really.
Orbán is such a genius—honestly, he’s basically a one-man factory for Nobel Prizes in economics. I mean, give the guy at least one, if not two!
hollowdriver13 said:I mean, how long does it actually take to get a pipeline like that built?
And what kind of tech are they planning to use? Who's actually running the show when it comes to the pumps, turbines, and compressors needed for this kind of heavy lifting? 🥳
Goldman Sachs is suggesting that oil prices will likely climb to $125 a barrel in 2023, even with the recent G7 agreement to implement a price cap on Russian crude.
The bank warned on Friday that any price ceiling would essentially be "bearish in theory but bullish in practice" regarding oil prices, as Moscow might respond by cutting exports to G7 nations.
"Much like what happened in the natural gas market, Russia could decide to strike back by cutting off G7 buyers and throttling production, which would drive global prices even higher while boosting their own revenues," noted Damien Courvalin, who leads energy research at Goldman Sachs. "Today's announcement doesn't change our bullish outlook for oil prices."
The G7—which includes Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—announced on Thursday that they would implement a price cap on Russian oil by December 5th.
Jason Roberts2 said:The pipeline is already built—if it wasn't, they wouldn't be out here trying to sell it.
bluemason3 said:I don't think the current gas headed to China is coming from the same sources. Even if the Chinese suddenly wanted to buy all that US gas at the same price—which I highly doubt—they probably wouldn't have the capacity to handle it anyway.
Jason Roberts2 said:And despite the absolute chaos, Americans from the border states still head right over there to Canada for shopping trips...
Jason Roberts2 said:And despite the absolute chaos, Americans from the border states still head right over there to Canada for shopping trips...
Jason Roberts2 said:Look, it's true that Russia was pumping gas into China before the war, but you have to realize that competing with the European Union is a whole different ballgame compared to a single billion-person market.
Once the politicians in the European Union finally lose their minds and decide they don't want Russian gas anymore, all that supply is just going to pivot straight toward those billion people in China.
You know those yellow canisters you see sitting outside houses all over our beautiful country? Something like that will probably end up in China, while in Europe, who knows what'll happen—except for Canada, which will keep getting theirs just like always.
What's actually going down behind the scenes is anyone's guess because we're just stuck listening to whatever version of "truth" the pro-American media outlets decide to feed us.
