Jack Albrecht
Jan 19, 2023

So many? So the UK didn't just sign a deal to buy US LNG for 3x what the UK was currently paying for gas from Russia?

The EU is NOT complaining loudly that they are facing deindustrialization due to massive increases in energy prices?

https://www.forbes.com/sites/kenrapoza/2022/09/11/europe-is-heading-for-deep-recession-deindustrialization/

https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/natural-gas/101322-europe-facing-gas-insecurity-uncontrolled-deindustrialization-through-2025

https://oilprice.com/Energy/Energy-General/Europe-May-See-Forced-De-Industrialization-As-Result-Of-Energy-Crisis.html

Before the latest sanctions kicked in, we (Europeans) managed to fill our gas reserves pretty well. That worked for this winter. Noone believes that can be repeated due to multiple factors, the EU sanctions that started in the last weeks being the main reason.

🪨

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