Quote (zorzin @ 2 Feb 2024 19:31)
OK. Since the economics/logistics of this war is definitely in your wheelhouse could you explain the importance of the US banning LNG terminals? Afaik this would cause eu countries without these contracts to lose out, forcing them to long term contracts with the US. So it's not that LNG shipments are being halted, it's more like the US forcing the eu to be dependent on us terminals?
This would line up with my belief that the US MIC just gutted nato stocks of European made hardware forcing them to buy American ( hence the Leo2 vs Abrams debacle) The eu becomes dependent on us energy and munitions In order to fight a monster the US created. Maybe Joe Biden is really playing 5d chess and just hates europe
I’ve updated my comment, but from where I stand US has an issue whereby they don’t want to be a benevolent Jesus Christ the Savior selflessly bailing out leftie politicians across the pond who shat their own pants. You can’t convince Europeans to buy the new gadgets without creating the new and latest scary boogaloo while at the same time ensuring they are not able to produce these gadgets at home (hence NS2 sabotage and what you mentioned).
So they do what’s best for them. Ensure that US can be energy sufficient for the longest time possible. Shale revolution has turned US into the biggest hydrocarbon producer in the whole world within the last decade, but this depletes domestic reserves which are finite. Turning the tap down a bit helps prolong these resources for a few decades, because you never know what happens in 22nd century.
At the same time I really applaud Bidens IRA - it really works. I’ve visited a few banks while I was in NY and their structured and project finance teams are busy 24/7 trying to finance anything that can even remotely qualify for these subsidies. As a result US will rapidly become self-sufficient by reshoring supply chains to ensure they cannot be blackmailed by China or Russia or whoever (eg:
https://magratheametals.com/news/dodmagnesium) and we Europeans will pay for that by buying US Treasuries with our pension savings.
I honestly wish our EU politicians would learn a trick from the book of US, Chinese or Russian statesmen.
Or - im off my meds and need to check myself in for rehabilitation.
This post was edited by Malopox on Feb 2 2024 12:49pm