Winter hasn't even started yet?

Many people in Europe are literally going to freeze to death in their own homes.

Totally worth it to "show the Russians" though am I right?

Normally, Al Jazeera is a decent source, but I wouldn't take their word for gospel on this particular issue.

Are the hundreds of billions of "rescue packages" enough to avert this disaster?

Even so, what about next winter, can you keep up blowing taxpayer's money like this?

In case you don't know: Al Jazeera is funded by the government of Qatar, which is one of the world's major suppliers of LNG. At the moment, they are squabbling with various European countries about the modalities of supply agreements - Qatar wants contracts with an excessive run-time and extremely high prices, the Europeans are hesitant to sign them. Given this background, I have to question the impartiality of a report coming from their state-funded media which fans the fears about people freezing to death due to the unavailability/unaffordability of natural gas.

This post was edited by Black XistenZ on Oct 6 2022 02:37am

LNG comes at a high price because of massive investments, this has been known forever.

This is the price you pay when you want to keep expanding East and fight Russia in the process.

Transport and investment, the investment part can be taken care of long term but transport costs and liquefying which consumes energy as well is always going to make LNG much pricier than gas from pipelines.
Summary:
LNG cost
Needs special containers and ports which have to be maintained
Requires energy for transport
Requires energy to liquefy gas in the first place

Pipeline gas costs:
Requires maintenance on pipelines and infrastructure which pumps the gas with pressure

When you're competing with China, the US and the rest of the world for production costs and your energy bill makes up at least 1/3 of your total costs you're screwed. Blue banana can just shut down forever when it comes to chemical products, chemical engineering, fertilizer production, steel and machine parts production and muuuuuuuuch more.


I'm specifically breaking it down to people who think we'd be fine without Russian gas afterwards. Nope, never short term. It would take us 10years not 5 to create alternatives at reasonable costs/investment.

This post was edited by babun1024 on Oct 6 2022 03:45am

its not excessive to want contracts that are worth the investment

especially germany tried to fuck around looking for some quick gas for a few years and then bounce

shocked pikachu that qatar does not like that



the deindustrialisation is happening rapidly right now, especially in chemistry and metals

i know people i studied with in the industry and its complete panic there right now, big producers have already shut down, cut production or are on the verge of doing it

there are a lot of talks about closing shop here permanently and who would profit? the US, they are the number 1 destination

how convenient that they now can make a shitload of money selling expensive gas to us and offer it for cheap to corporations moving there

To be honest, I have little sympathy with our industry and big corporations. They had every chance to forcefully speak out against the current course, against the energy sanctions, the economic war, the insistence on shutting down nuclear energy and so on and forth. Were our corporations really so scared of being blasted by our green-left, moral-drunken media that they prefered to lay low and avoid the ire than to publicly defend their core business interests?

I just don't get it...

Enjoy recession I guess. Time to enjoy fresh air and nature