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Author Topic: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’  (Read 682 times)

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Online rangerrebew

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US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« on: September 16, 2022, 12:30:08 pm »
WRITTEN BY JACK MCEVOY ON SEP 16, 2022. POSTED IN LATEST NEWS

US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’

fracking workerAmerican shale producers warned Europe that they won’t be able to pump enough oil and gas to alleviate Europe’s energy crisis, according to The Financial Times.

The European Union (EU) will ban Russian oil imports by the end of 2022 meaning that Europe will have to rely on other producers to fill supply gaps; however, U.S. shale companies will be unable to ramp up production in time as their exports of oil and liquefied natural gas to Europe have already reached maximum levels, the FT reported.


The EU proposed placing a price cap on individuals’ utility bills on Wednesday as natural gas shortages are causing household energy bills to skyrocket, according to the European Commission.

 https://climatechangedispatch.com/us-gas-companies-give-grim-warning-to-europe-no-bailout-coming/
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Offline Free Vulcan

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Re: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« Reply #1 on: September 16, 2022, 12:35:31 pm »
Damn straight and screw you Europe. Tired of bailing out your feckless incompetency with blood and treasure for over a century now.
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Offline Smokin Joe

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Re: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« Reply #2 on: September 17, 2022, 01:55:49 am »
"Exports have reached maximum levels..."

Biden and his cronies have halted the critical midstream infrastructure projects and that could have put some more on the boat. It just doesn't matter how much we can produce, if we can't get it there and still keep up our own supply.
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Offline Sighlass

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Re: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« Reply #3 on: September 17, 2022, 03:22:34 am »
They bid high enough, it will cause massive inflation on our prices. I doubt there is a produced here, stay here rule.
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Offline Smokin Joe

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Re: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« Reply #4 on: September 17, 2022, 06:13:40 am »
Quote from: Sighlass on September 17, 2022, 03:22:34 am
They bid high enough, it will cause massive inflation on our prices. I doubt there is a produced here, stay here rule.
Not to my knowledge, else we would not export LNG.  It is processing the raw wellhead gas and getting it there that may be the bottleneck.  With the UK stopping their fraccing ban, I think Europe will be looking for more homegrown.
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How God must weep at humans' folly! Stand fast! God knows what he is doing!
Seventeen Techniques for Truth Suppression

Of all tyrannies, a tyranny sincerely exercised for the good of its victims may be the most oppressive. It would be better to live under robber barons than under omnipotent moral busybodies. The robber baron's cruelty may sometimes sleep, his cupidity may at some point be satiated; but those who torment us for our own good will torment us without end for they do so with the approval of their own conscience.

C S Lewis

Offline catfish1957

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Re: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« Reply #5 on: September 17, 2022, 08:16:06 am »
And most sad, is this country missed an economic opportunity with these prices and demands to to bring $T's back to our own GDP.  Which includes at least a  fourth of that in tax revenues. 

This is all on you Pedo Joe.
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Offline Fishrrman

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Re: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« Reply #6 on: September 17, 2022, 05:56:47 pm »
Sighlass wrote:
"I doubt there is a produced here, stay here rule."

I've posted here about that before.

All energy produced in the United States ... should STAY in the United States.
(I'll make an exception for sharing with Canada).

If we don't need it "now", future citizens WILL need it.

For every shipload of LNG that goes to Europe, that means less here (during a time of coming shortages), and that will only corrupt our domestic markets and push prices upward.

Same for coal and petroleum products.

Our "energy markets" should be a "closed system" between the USA and Canada, insofar as that's possible. What the Germans have to pay Russia for natural gas SHOULD NOT determine what WE pay, here, from our own domestic production sources.

Let the rest of the world freeze. (and I mean that)
We don't have to, if we don't want to.
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Offline libertybele

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Re: US Gas Companies Give Grim Warning To Europe: ‘No Bailout Coming’
« Reply #7 on: September 17, 2022, 06:31:09 pm »
Joe will bail them out at our expense.
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