Jack Albrecht
Feb 21, 2023

--

LOL. I work in Central Europe in Oil and Gas for 30+ years. Russian oil and gas is still arriving here, just through 3rd parties.

Oil and gas are not quite as fungible as money, but

1) mixing with other oil/gas and then reselling is making fortunes in Mumbai; and

2) there are enough 3rd parties buying and selling that any European refiner can get the oil they want by just not digging too deeply

The real issue is price. The German chemical business is dependent on gas. They are not looking to relocate, but that is not so easy in social democratic Germany as in the US. Workers have more rights there.

Germans know who blew up NS, and it wasn't the Russians. When the war is over the US bombing of Germany's pipeline will have ramifications.

--

--

Jack Albrecht
Jack Albrecht

Written by Jack Albrecht

US expatriate living in the EU; seeing the world from both sides of the Atlantic.

No responses yet